The founder of the Indiana IoT Lab says the innovation and collaboration space is focused on an industry that will "future-proof" Hoosier businesses. John Wechsler says companies that are dialing into the Internet of Things are playing in a sector that is forecast to grow to $2.2 trillion. The facility Wednesday night hosted more than 700 at a grand opening event.
In an interview with Inside INdiana Business Multimedia Journalist Mary-Rachel Redman, Wechsler said some of the state’s trademark industries will be "radically affected" by the IoT evolution. "We’re looking at manufacturing, distribution and agriculture, right," he said. "It’s significant economic opportunity, but more importantly, it’s something that we need to embrace for the future of our legacy industries in Indiana."
Last month, the first-of-its-kind in the state facility announced the first inhabitants of the lab, which include Indiana University, Fishers-based ClearObject Corp., Outside Source, Flexware Innovation, Rook Security, ShopperKraft, Novel Bits LLC and Volktek. It features eight office suites, thousands of square feet of coworking space, reservable desks and work spaces and high-tech amenities for tasks such as prototyping.
In an interview in February on Inside INdiana Business with Gerry Dick, Wechsler said Indiana is poised to be a leader in IoT: