The Private Equity Digital Transformation Show

Our guests Rolland Donin and Hendrik Nieweg partner on digital transformation projects.  Roland is the founder of IHRS-Training, a consultancy for agile methods and digital transformation, and Hendrik is VP of Solutions at the German IoT specialist, Device Insight, which helps companies with the development of complex IoT-based digital transformation projects.

In this episode, Rolland, Hendrik and Bruce discuss:

  • The definition of Industrie 4.0 vs IoT vs digital transformation.
  • The difference between IIoT and smart product development.
  • The relationship between IoT and digital transformation and why Bruce changed the name of his podcast.
  • The “Three As” that must be present at the beginning of every digital transformation.
  • Not falling into the gold plating trap.
  • Using the edge for data culling.
  • The two steps that precede machine learning.
  • Quantifying the value created and costs incurred in case studies about smart coffee vending machines and smart electronic components.

Related links you may find useful:

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Our guest Dr. Michael Roshak works as an Enterprise Architect for Bankers Healthcare Group - a fintech company that helped hospitals and doctors with financial services during the pandemic.  And as part of the Microsoft AI & IoT Insider Lab, Mike ran code-a-thons for Microsoft developers and from which recently wrote the book, Artificial Intelligence for IoT Cookbook.

In this episode, Mike and Bruce discuss:

  • Voice activation and privacy concerns.
  • The air gap DMZ zone used in AI security.
  • The primary importance of upfront business planning for AI success.
  • The balance of edge and cloud computing for IoT AI.
  • The concept of duty cycles and why they’re important to use as a precursor to anomaly detection and predictive maintenance.
  • Not reinventing the wheel and getting help from your cloud and silicon providers.
  • The minimum data science team required for AI success.

Related links you may find useful:

Direct download: s2e17_-_mike_r_mixdown-A.mp3
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Our guest Dean Rakic is the Chief Scientist at TAAL Distributed Information Technologies where he’s a Blockchain scientist.  He has over 25 years of experience in computer science – predominantly in healthcare - and 10 years of experience in Blockchain within various technology solutions.

In this episode, Dean and Bruce discuss:

  • The difference between crypto and blockchain.
  • The technical and business benefits associated with blockchain’s decentralized structure.
  • The important difference between security and trust.
  • The function of bitcoin miners.
  • The differences between private and public blockchains.
  • Why data stored in a blockchain has the power of immutability.

 

Related links you may find useful:

Direct download: s2e16_-_dean_r-A.mp3
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Our guests Raymond and Michael Volpatt are brothers and co-owners of Volpatt Construction, a commercial and institutional construction company based in Pittsburgh. They are also co-founders of ShareInTech, a construction workforce optimization, building management, and asset supervision company.

In this episode, Ray, Mike and Bruce discuss:

  • How wearables, beacons and geofencing work and how they have transformed safety at the Volpatt worksites.
  • How Volpatt is “eating their own dogfood’ by using solutions by ShareinTech and how that forms a virtuous cycle.
  • How the tech was adopted by their construction workforce and lessons learned.
  • How an increase safety measures reduces the cost of labor by improving a firm’s EMR (Experience Modification Rating) which in turn reduces worker’s compensation premiums.
  • Quantifying the value created and costs incurred to implement a smart safety solution.

Related links you may find useful:

Direct download: s2e15_-_ray_and_michael-A.mp3
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Our guest Joseph Aamidor is an experienced product leader and expert in smart buildings, real estate technology and facility operations. His company provides guidance to building owners, operators, and management firms.  Before Aamidor Consulting, Joe worked for the Lucid Design Group and Johnson Controls.

In this episode, Joe and Bruce discuss:

  • How a smart building differs from building automation.
  • Why make a building smart and the value levers involved.
  • Identifying which buildings are best suited to be digitally transformed.
  • Why energy savings is the lowest hanging fruit.
  • Different ways to make a building smart.
  • A case study including the costs and the value created enabling us to calculate the return on technology investment

Related links you may find useful:

Direct download: s2e14_-_joe_a-A.mp3
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Our guest David Wentzloff co-founded Everactive in 2012 and is currently its co-CTO.  He is also a Professor of Electrical Engineering and Computer Science and the Faculty Director of the Center for Entrepreneurship at the University of Michigan.

In this episode, David and Bruce discuss:

  • The numbers around university intellectual property transfer.
  • How to harvest enough energy through heat or light to eliminate batteries.
  • The opportunity to further improve on steam as an efficient method of energy transfer.
  • Use cases for steam (heat) powered sensors and the industries they operate in.
  • Case study that quantifies the cost and value created by monitoring steam traps which then enables us to compute a return on technology investment and the payback period.

Related links you may find useful:

Direct download: s2e13_-_david_w.mp3
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Our guest, Rohit Chauhan is the Founder & CEO at Topmist, a cloud-native real-time streaming data analytics firm. He has over 25 years of experience as a technology executive, data scientist, and business consultant with deep knowledge of industry processes and value drivers.

In this episode, Rohit and Bruce discuss:

  • The tech architecture of a runtime streaming data pipeline.
  • What it really means to do analytics in “real time”.
  • The differences between doing analytics on data collected in the past versus doing analytics on data being collected in the present.
  • Use cases that are a great fit for streaming analytics.
  • Case study on Coca Cola that quantifies the value they created from using streaming analytics to make faster marketing decisions.

Related links you may find useful:

Direct download: s2e12_-_rohit-A.mp3
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Our guest, Steve Shwartz began his career as a postdoctoral researcher in AI at Yale University in 1979.  He has since been a founder or co-founder of many companies and an investor in many others.  Today he’s the author of a new book on AI called, Evil Robots, Killer Computers, and Other Myths.

In this episode, Steve and Bruce discuss:

  • What is AI… really?
  • What are the differences between AI vs AGI, AI vs ML and ML vs analytics?
  • The importance of the kingpin of statistics.
  • Is there really such thing as black box AI?
  • Will AI take over the world?

Related links you may find useful:

Direct download: steve_s_mixdown-A.mp3
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Our guest, Ravi Venkatraman is the CEO and President of Hamiltonian Systems. A technologist and entrepreneur with 30 years of experience,  Ravi’s latest focus has been solving complex business problems in data management and MRO supply chains using Machine Learning and Artificial Intelligence.

In this episode, Ravi and Bruce discuss:

  • What MRO is, its five main cost centers and why it’s important.
  • Why MRO inventory management is often overlooked and the value that can be discovered there.
  • Predictive maintenance in the context of the “M” in MRO.
  • How long it takes to typically develop a useful predictive maintenance model and how considering all of MRO can improve the quality of predictive maintenance models.
  • A case study quantifying the early value of MRO inventory control can have on working capital.

Related links you may find useful:

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Our guest, John Burton is CEO and co-founder of UrsaLeo, a company focused on bringing modern UI to the industrial world. Previously John had a 30-year career in semiconductors and founded multiple companies.

In this episode, John and Bruce discuss:

  • The process and technology involved in creating a 3D digital twin.
  • Different use cases for 3D visualization of IoT data.
  • The advantages 3D and 4D visualization of industrial data has over the more common 2D visualization of today.
  • Selling the 3D digital twin to the OEM versus the end customer.
  • The Flogistix case study, where the value, costs and time are quantified.

Related links you may find useful:

Direct download: s2e9_-_john_b.mp3
Category:Investing in Technology -- posted at: 12:30am PDT