IoT Lab to Have Statewide Impact
The chief executive officer of the Indiana IoT Lab, set to open March 21 in Fishers, says the 24,000 square-foot facility will have impact that extends well beyond Hamilton County. "We're seeing a ton of interest from around the state," said John Wechsler, during an interview on this weekend's edition of Inside INdiana Business with Gerry Dick. Wechsler believes the IoT coworking space, the first in Indiana, can provide a cutting-edge technology boost to Hoosier companies in sectors that are traditionally strong in Indiana. "We believe Indiana is uniquely positioned as a leader in manufacturing, distribution and agriculture to lead in the next generation of those industries."
Wechsler says he is already participating in "road shows," meeting with companies and communities around the state.
The Internet of Things refers to the connection between devices, everything from our cell phones, crock pots and Fitbits, to the Internet. Technology consulting firm Gartner has projected there will be more than 20 billion connected devices in use by 2020. Business Insider pegs the number at 34 billion, predicting spending on IoT solutions will total nearly $6 trillion over five years.
Wechsler believes the IoT lab can be a catalyst in helping Hoosiers companies discover new products and markets, increase productivity and bottom line performance.
Last week, the IoT lab, located in the North East Commerce Park near 116th Street and I-69, revealed its inaugural class of businesses. It includes Indiana University, Fishers-based ClearObject Corp. and Carmel-based Rook Security.
Connect to the full interview with John Wechsler: