Colombia & IoT: Featuring Sebastian Velez, Head of Technology at PSL

Appearing Ahead for Colombia IoT as well as offshore outsourcing
To obtain much better management over their service, business in education and learning, wellness, money management, horticulture, retail, and also transport are actually anticipated to require this kind of service the absolute most, depending on to Andrés Sánchez, Chief Executive Officer of Identidad IoT. However, assets right into IoT in Colombia is actually only 0.02%, as found in the firm’s Development Mark (QuISI). Contrast this to China (26%) and also the USA (27%), as well as this is actually extremely reduced. Nevertheless, the nation is actually positive in its own future along with the technician.

This post to begin with seemed in Nearshore Americas, through Matt Kendall.
Trick modern technology stakeholders in Colombia are actually steered due to the large capacity of IoT, creating a developing environment that is actually installing the nation at the lead of IoT growth in the area.
At a determined comparative market value of US$ 170 billion in 2017, the worldwide Web of Points (IoT) market is actually nothing at all to sneeze at. This possible worth is actually being actually recognized through IT providers in Colombia as they chase after the IoT progression dental crown in Latin The United States.
Colombia’s IoT market cost US$ 168.3 thousand in 2016 as well as is actually anticipated to increase to US$ 438 thousand through 2021, depending on to Gina Sanchez coming from Freeze & Sullivan, that discussed her knowledge at the Mobile Globe Our Lawmakers in Nov. Taking her information right into profile, IoT solutions as well as IoT software application apparently comprised 31.8% as well as 16.7% of the market, specifically, along with components confiscating nearly fifty% as well as connection, including telecommunications suppliers, merely 7%.
Companies, authorities gamers, and also various other stakeholders in the nation are actually aware of this particular possible as well as belong to an increasing ecological community that is actually setting up Colombia at the front of IoT progression in the location.
A Solid, Expanding Environment
Sebastian Vélez: “Cloud merchants have actually aided a great deal to increase the adopting and also maturation of IoT-related solutions.”
” Colombia’s IoT environment has actually developed a great deal as well as is actually consistently altering, and also cloud sellers have actually aided a great deal to increase the adopting as well as maturation of IoT-related solutions,” claimed Sebastian Vélez, Scalp of Modern Technology at PSL, which is actually delivering IoT companies for United States as well as Canadian customers in the self-governing driving, vehicle productivity, as well as surveillance markets.
The job that PSL is actually performing in Colombia entails collecting info coming from auto sensing units that triggers extra dependable steering formulas, understandings, as well as analytics. The firm is actually likewise dealing with IoT in college buses to enhance options, velocity, as well as velocity, and also along with and also exclusive safety and also police on online video diagnosis, skin acknowledgment, and also online safety tips off in the USA.
” IoT is actually progressing swiftly, however the issue is actually that a lot of customers do not however recognize the complete width of what is actually demands to execute a remedy,” claimed Jose Alejandro Betancur, Principal Technology Police Officer at Intergrupo. “In 2015, a considerable amount of customers related to make an effort as well as steal various other IoT styles they had actually observed, however weren’t knowledgeable that’s it is actually a complete crossbreed solution of equipment, program, and also various other modern technologies, which firms need to have a stable of functionalities to attain.”
Educating for IoT
Resembling the beliefs of Jorge Aramburo, Chief Executive Officer as well as Owner of PSL, that was actually singing concerning the ability concerns Colombia still deals with, Vélez recognized the on-going problem of discovering designers in Colombia, however mentioned it was actually certainly not as well hard to educate existing workers upwards right into advancement for IoT tasks.

” IoT remedies are actually very dispersed units where you need to understand efficiency, latencies, failing healing, as well as a lot of various other elements of intricate dispersed bodies, like an understanding of Cloud modern technology,” pointed out Vélez. “Our experts to begin with search for powerful bases of abilities within those subjects, and after that count on instruction to educate the numerous certain modern technologies that our company need to have to carry out a remedy.”
Intergrupo is actually an additional IT companies that is actually viewing development popular for IoT. To get its own skill all set, the provider supplies instruction bootcamp every 2-3 months, likewise taking folks away from various other jobs and also right into IoT advancement laboratories. Away from their 1,200 individuals, they currently possess one hundred instruction in IoT as well as twenty in the advancement laboratory.
” Individuals that our company pick require to become inspired to resolve true complications, so they typically possess deep-seated understanding on the fundamentals of software program advancement, however additionally take concepts to the dining table to address customer problems,” pointed out Betancur.
AZLogica, a Colombian programmer of telematics, Web of Points, as well as Maker to Equipment services, comes close to instruction all over 3 amounts.
” At the highest degree are actually those that are actually presently aspect of the IoT community, along with adventure in various fields, and also are actually aiming to develop as component of their personal growth,” stated Edgar Salas, Chief Executive Officer of AZLogica. “At the 2nd amount are actually the technician nerds that have actually been actually teaming up with our company for a number of years and also desire to develop their skill-sets, so our experts interact along with all of them along with brand-new compensations and also relocate all of them in to the R&D location to accomplish therefore. The 3rd are actually folks that have actually been actually settling their research studies at college, and also desire to shift to the actual, so our experts may mold all of them coming from an onset to become prepared for IoT progression– it is actually necessary that they are actually inspired to experience brand new problems that IoT is actually making.”
Safety and security, Integrity, and also Various Other Dangers
For customers in any kind of market, safety and security is among the principal worries of any kind of IoT job, as the relevant information that could be collected is actually commonly strongly delicate or even ready for cyberattack.
For Edgar Salas, worldwide ISO requirements have actually been actually a necessary action to the concern of safety, making it some of minority providers in the nation that flaunts an ISO 27000 requirement, as it connects to IoT.
Edgar Salas: “It is actually important that designers and also pupils are actually stimulated to deal with brand-new difficulties that IoT is actually developing.”
” This is actually related to records party and also info release, thus customers can easily think secure regarding that acquires the records, when it is actually collected, exactly how it is actually moved, and also that is actually enabled gain access to,” pointed out Salas. “You need to be actually really mindful concerning exactly how to manage the details you are actually acquiring since a lot of IoT cases that our experts have actually found cope with exclusive relevant information at some time.”

Software Development Outsourcing
Software Development Outsourcing

Set up in 2016 for US$ 1.8 thousand, Colombia’s Facility of Distinction and also Allotment in Web of Traits (CEA-IoT) is actually a partnership in between colleges, worldwide innovation firms, as well as neighborhood service providers that find to enhance the nation’s financial development with IoT technologies.
The effort is actually marketed due to the Administrative agency of ICT, along with assistance coming from the Administrative Team of Scientific Research, Modern Technology as well as Technology (Colciencias), and also becomes part of an approach to always keep Colombia on its own path as a local forerunner in ICT.
Within the following a decade, CEA-IoT wants to embody the Classical United States measure for the growth of services and products based upon IoT modern technologies, and also being actually the major advisory for the Colombian authorities and also nearby as well as nationwide bodies on the subject matter.
Local area telco Claro, had through Mexico’s United States Movil, is actually additionally striving to set up 4.5 G innovation in Colombia this year, to deal with each narrowband and also even more data-intensive IoT uses.
If CEA-IoT prospers in obtaining the cooperation of regional telecommunications suppliers and also technology firms, the nation ought to manage to keep its own IoT dental crown in Latin The United States.
” I concur that Colombia goes to the center of IoT in the area,” claimed Vélez. “There are actually a lot of neighborhoods servicing it, pupils come to sign up with IoT ventures at the beginning, and also there are actually a lot of IoT start-ups in the nation. Our team are actually much coming from performed, however I will concede that Colombia precedes the contour in Latin The United States.”
PSL Corp
154 Grand St, New York, NY 10013, USA
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Intergrupo and also PSL are actually right now presenting Blockchain innovation to balance out a number of the surveillance obstacles of IoT. While it is actually still very early times, the technology is actually being actually utilized to improve openness as well as preserve reliable relevant information on previous records gear boxes. However that is actually certainly not all.
” Along with our development laboratory, our experts are actually dealing with units that do not transfer an indicator when they are actually certainly not being actually made use of, so they are actually certainly not regularly linked, merely delivering relevant information when one thing improvements,” mentioned Betancur, highlighting an ingenious strategy to IoT layout that Colombia is actually generating.
Alongside safety, info integrity, figuring out opportunity, and also latency are actually all the principal problems connected with IoT gadgets, yet along with specific strategies it has actually been actually feasible for some IoT service providers in Colombia to resolve all of them.
” Along with any type of linked unit, it commonly takes place that you do not possess the very same integrity of systems as well as components that feature various other companies,” claimed Vélez. “Cloud has actually assisted a whole lot keeping that, and also Side computer, which counts on completion tool for estimation, certainly not a central solution.”

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Dato’ Seri Ivan Teh stands on one of the three floors that Fusionex’s 60,000 sq ft R&D facility occupies at Plaza 33 in Petaling Jaya, putting on a demonstration of his company’s voice recognition software: “And… lights!” He snaps his fingers, and the elongated ceiling lights dim. One more snap, and the lights beam at full brightness upon his command. Another click of his fingers closer to a room featuring a life-size R2-D2 model (which lets out the occasional excited bleep), and a glass window – previously opaque – turns transparent.

It makes for an impressive, entertaining display of the sort of technological wizardry that Fusionex is capable of achieving but, really, it’s just the tip of a very substantial iceberg. From the time it was founded in 2005, Fusionex has made a name for itself in the global technology industry by specialising in analytics, big data, machine learning, artificial intelligence and, perhaps most importantly, its ability to make sense of vast amounts of structured and unstructured data for its clients. With an official net worth that currently stands at MYR1.2 billion, this is a company that – as Dato’ Teh explains – began with a badminton game and a dream of becoming a superhero.

Born and bred in Petaling Jaya, Dato’ Teh grew up as an academic all-rounder (it helped that his mother was a teacher) with an aptitude for mathematics, science and technology, as well as a love for art and drawing. “At a young age, what I really liked was innovation,” he recalls. “I began looking up to superheroes like Iron Man, Superman, and Batman when I was about eight or nine, so I’d draw them and imagine being a superhero too. It wasn’t their superpowers that I wished for, but I really wanted to solve problems and fight villains.

Fusionex Founder
Fusionex Founder

“As I got older, I understood that I couldn’t become a superhero in real life, but I still admired Iron Man for his innovation and creativity, where he could bring things like art and science together, the way I wanted to. That’s science technology.” This inevitably drew him towards a degree in computer science, which in itself became a springboard from which to enter the IT industry, propelling him towards managerial positions in multinational companies including Hewlett-Packard, Intel and Accenture.

“When I started working in these organisations, we’d be flooded with a tsunami of data and the problems that stemmed from it, like hospitals and medical centres, where I’d observe long queues and inefficiencies. I thought to myself, ‘What can I use or do using technology and a combination of skillsets to make life better, faster and more efficient? What can I do to change the world?’ These were eureka moments for me and, obviously, it’s important to have a vision – but how do you execute it?” It was only during a badminton game with some of his friends, who were in similar industries, that things began to get moving.

“At one of the sessions, we recognised there were a lot of problems across industries, where people were spending lots of money and yet waiting times at retail outlets, banks, telcos and airlines were bad. A few of us said: ‘There must be a better way of doing this – it can’t be all that bad. We have to be able to challenge the status quo and find a better way forward.’ We wanted to start things together, but many of my friends back then had their own careers and livelihoods to look after, and some of them were about to get married.

“I said: ‘It could be a big risk for you. Would it be something you want to do? Why don’t you let me try it for a couple of months and validate the idea that the demand is actually there? Once we’ve proven that there’s a market for what we’re offering and the business model really works, I’ll invite you to come on board.’ And that’s what I did.” It was – for a time – very much a one-man show, where Dato’ Teh had to do everything from coding software to searching for clients. No stranger to hard work (as a 10-year-old, at his father’s insistence, his school holidays were spent selling bedsheets at textile stores and pasar malams), he persevered.

“For a couple of months, I navigated the waters, finding ways to ensure our skills and ideas would be accepted in the market – which they weren’t, by the way. That was painful. People wanted a track record. But slowly, we started to gain traction and got our first few breakthroughs after six to nine months, thereby validating our model. Once we were more stable and had our first customers, I wanted Fusionex to grow and accelerate, and I couldn’t do that alone. That’s why most of the pioneering team – there were about five of us who started this – are still with us today as we continue to invite more people into the Fusionex family.”

The company’s seemingly light-hearted nickname for its workspace, the ‘Office of Superheroes’, appears to be half a vision of the future and half a teenage boy’s fantasy bedroom when you wander through it, for all the Marvel and DC Comics memorabilia in plain sight. There’s even a sizeable karaoke room with a professional sound system, in which Dato’ Teh shows that he’s not microphone-shy, either. (For the record, he does an excellent rendition of You Raise Me Up, and could give Ed Sheeran a run for his money, too.) But for all the office’s creature comforts, Fusionex’s team – which now consists of over 550 staff – works as hard as it plays.

“It’s an amalgamation of different types of ideas and technology, where villains are no longer beasts or monsters – they’re problems,” he says. “My parents taught me to understand how to bring things together and comprehend the real-world problems that people face. So, where you see poverty, difficulties in various situations, disasters or explosions, how do you use technology and innovation to overcome all of these problems? How do you manifest the qualities of a superhero in real life? That’s what we’re all about.” To illustrate the nature of Fusionex’s operations, he posits the company not just as a source of invention, but a sorter of information – an intelligent base that cuts through all things complex and incomprehensible.

“In any organisation, there are so many problems to pinpoint. In a manufacturing business, you want to ensure you minimise defects and downtime – some of these can have huge financial implications when there are quality issues or a whole batch of goods need to be returned. More severely, if you’re in a chemical plant and have a problem – say, you don’t detect a drastic increase in temperature – it can result in a hazardous explosion that could cause fatalities. What we do for our clients is identify their problems together with them, because we don’t know everything, so we have to operate in a consultative way.

“But we work with them in a diligent and very focused manner. Fusionex combines its technology with the expertise of our team to solve a client’s problems using data technology. We believe data is the new crude oil. It’s something that is extremely important, but will remain raw data unless we collect, store, process and analyse that data so that it becomes meaningful and insightful to our customers. It gives them foresight as to what they should do, based on what happened in the past, so they can plan better for the future. That’s what we do for our clients, all of whom come in different shapes and sizes, big and small.”

Gone are the days when Fusionex Founder Dato’ Teh would have to persuade potential clients to give Fusionex even a passing glance – although that may, in part, be due to a heavyweight replica of Thor’s hammer, Mjölnir, which resides in his office (“I don’t have to say much when I’ve got it in my hand,” he smiles). The company’s client roster now includes significant local and international clients such as Starwood, Ritz Carlton, Marriot, CIMB Group, American Airlines, Dell, Intel, Fedex, AEON and Malaysia Airlines, spanning a diverse variety of industries – all of them looking to Fusionex to give them the cutting-edge insights they need.

“Different industries will be different, but the crux of it is that data still resides across all industries, and when we take a look at it – as we draw parallels and compare one industry to another – while they’re adjacent, there are similarities as well,” he expounds. “From day one, our mantra was to solve problems. It wasn’t to go out there and sell a box or sell hardware – that doesn’t motivate me. We wouldn’t have been able to create new jobs or more ideation, which is what lies in Fusionex’s DNA – that fusion between business, technology and the excellence of the experience.”

Finding Support For Small Business Community

Sometimes many groups or organizations desire to start a small business at home so as to have an extra part time income. The necessary support can come from personal loans, brokers etc. also, people work on the Internet, starting new businesses online. The answers to their countless doubts and queries are given by the Internet itself and also by many support groups.

The most important criterion for attracting support is to prepare a good business plan and explain it properly to the segments of the marketing industry that may help you in one way or the other. The investors and shareholders should be able to see your commitment to your business and the way you wish to satisfy your goals.

Small business support in the form of capital-

The biggest hindrance to growth is the lack of capital in small businesses, which can be overcome by-

– Asking for loans from banks.

– Trying for the grants sanctioned by the government and other grant bodies.

– Taking your business public and asking local investors and common people to invest in your business.

But for all these, one has to be ready with a proper plan and the necessary strategies. Banks agree with loans only if they are convinced with your methods of repayment and investors invest only if they know you are confident about your own business i.e. how much you have invested from your own purse.

Small business support in the form of solving technical problems-

There are many technical doubts, which the small business entrepreneurs face from time to time. They can use the Internet to solve them or express their doubts in various business magazines. Experts and experienced executives from big industries try to solve them efficiently thus helping these small businesses.

Small business support in form of tax benefits-

The government provides many tax benefit offers to support these small businesses. In this, the government cuts taxes and gives good returns to the small businesses.

There are credit reference agencies and co-partners, who will want to help you in the business. But one needs to satisfy their meager demands of good credit history. Equity websites are present which contains the list of equity shareholders who may be interested in investing in you business.

Small businesses have tremendous potential due to innovative and new ideas, which these enterprises possess. The only need is to help them rise and realize. We have many examples of organizations who grew into huge industries due to the support they got like women’s self help group, Reliance industries etc. the support these businesses get is enough for them to climb the success ladder. Read more here:

Importance Of Small Business Community

Standing in front of the crowd at the recent Entrepreneurial Excellence Awards luncheon, I was awed to see so many supporters of the small business community.

This support is exactly what we need to help boost the economy as we continue to watch the Dow Jones Industrial Average fluctuate and read bleak business headlines on a daily basis.

Small businesses and organizations, such as the Northwest Indiana Small Business Development Center, need our support now more than ever. By backing entrepreneurs, we encourage economic activity, creating an increase in production levels and spurring businesses to add jobs. These new employees will spend their earned wages on goods and services that are produced by these firms, further adding to production levels. This cycle continues, prompting additional economic growth. Likewise, any reduction in small business support will decrease overall economic activity and can shrink the overall economy.

But why is it vital to focus on small businesses ideas and not the larger companies? It’s these small companies that continue to adapt and change and grow.

Research by the U.S. Small Business Administration’s Office of Advocacy shows that small businesses create most of the nation’s net new jobs. It also revealed that small businesses are 13 times more innovative, and they bring dynamic ideas and fresh products to the marketplace.

It is this innovative mindset that landed Terry Daniel and Lou Pringle of Exhaust Productions Inc. in the limelight. The entrepreneurs were honored with the 2008 Small Business Person of the Year Award at this year’s luncheon. When manufacturing started to shift to China, the team decided to switch gears by moving into the performance motorcycle industry and Rush Racing products.

By taking the time to recognize companies, such as Exhaust Productions Inc., the Northwest Indiana SBDC is continuing to foster the development of small businesses and spotlight the entrepreneurial spirit. It is our mission to have a positive and measurable impact on the formation and growth of small businesses in the region and state. We have workshops, one-on-one consulting, referrals, training and other essential business tools to help guide small business owners toward success

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