WEBVTT

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♪♪

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>> IT'S TIME TO GO INSIDE
INNOVATION BROUGHT TO YOU BY
ALLEGION. PIONEERING SAFETY.
IT IS ESTIMATED THAT IN FIVE

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YEARS, THE INTERNET OF
THINGS---IOT---COULD HAVE AN $11
TRILLION IMPACT ON THE U.S.
ECONOMY.

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AND THERE IS A REAL FEELING THAT
INDIANA, A STATE THAT MAKES
THINGS, MOVES THINGS AND GROWS
THINGS, CAN GRAB A BIG SHARE OF

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THAT VERY LUCRATIVE SECTOR.
FISHERS IS HOME TO THE STATE'S
FIRST IOT LAB, ONE OF THE FIRST
OF ITS KIND IN THE NATION.

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THE LAB IS MARKING ITS SECOND
ANNIVERSARY WITH THE RELEASE OF
A STATE OF IOT REPORT...LET'S GO
TO FISHERS NOW AND CHECK IN WITH

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IOT LAB FOUNDER JOHN
WECHSLER...JOHN, IN YOUR VIEW,
WHAT IS THE CURRENT STATE OF IOT
IN INDIANA?

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>> WELL, GERRY, FIRST OF ALL, I
THINK IT'S VERY EXCITING TIME
FOR IOT AND MAKERS AND THE
INDUSTRY IN INDIANA. WE HAVE

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SEEN AN EXPANSION OF THIS TECH
ECOSYSTEM AND A RECOGNITION WHEN
WE STARTED, THERE WAS A FOCUS ON
THIS MAKE, MOVE, AND GROW

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PHENOMENON OF LEVERAGING OUR
STRENGTHS IN INDIANA. AND WE'RE
CONTINUING TO SEE THE
ENTREPRENEURS, THE INNOVATORS,

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AND THE TECH FOLKS PIVOT INTO
SUPPORTING THESE INDUSTRIES,
ESPECIALLY AS YOU LOOK AT THE
NEW NORMAL THAT WE ARE ALL

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BEGINNING TO EXPERIENCE HERE,
WE'RE STARTING TO SEE
OPPORTUNITY REALLY UNFOLD HERE,
AND AS WE DEVELOP THIS

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ECOSYSTEM, MORE COMPANIES WILL
EMERGE, AND MORE OPPORTUNITIES
WILL PRESENT THEMSELVES. I THINK
IT PRESENTS A GREAT OPPORTUNITY

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FOR THE STATE OF INDIANA.
STATE OF IOT REPORT IN THE WEEK
AHEAD YOU'LL DETAIL INCREASED
ENGAGEMENT, 4,000 PLUS VISITORS

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FROM AROUND
THE GLOBE... IS THE IOT LAB
MEETING EXPECTATIONS?
>> ABSOLUTELY, I TALKED ABOUT

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THIS MAKE, MOVE, GROW,
PHENOMENON, WE SHIFTED OUR FOCUS
INTO THIS DESIGN, CONNECT AND
DEPLOY MODEL WHERE WE ENGAGE

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WITH THE ENTREPRENEURS AND
CORPORATE INNOVATORS, AND WE'VE
LOOKED INTERNALLY FOR START-UP
AS WELL. WHEN YOU TALK ABOUT

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4,000 PEOPLE COMING THROUGH OUR
DOORS IN THE LAST YEAR, THAT IS
AN INCREASE -- A DRAMATIC
INCREASE, ALMOST 35% INCREASE

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OVER THE FIRST YEAR, WHICH WAS A
PRETTY BIG YEAR FOR US. AND SO
WE ARE FINDING NEW WAYS TO
CONNECT WITH OUR COMMUNITY, AND

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TO MEET THE NEEDS OF INDUSTRY
USING THIS EVER-CONTINUING TO
GROW MODEL OF INTERNET OF THINGS
AND HOW WE'RE GOING TO CHANGE

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THE WORLD HERE IN THE FUTURE.
SO, YEAH, LOTS OF OPPORTUNITY.
WE'RE VERY EXCITED.
>> JON, THE IOT LAB WAS REALLY A

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GROUND-BREAKING DEVELOPMENT.
GIVE US A KIND
WHAT KINDS OF COMPANIES, WHAT
KIND OF VIBE IS THERE AT THE

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LAB?
>> WELL, SO WE HAVE EVERYTHING
FROM AS MENTIONED THE CORPORATE
INNOVATORS

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INNOVATORS, LARGER COMPANIES
LIKE ROCHE DIAGNOSTICS ACTUALLY
HAS AN OUTPOST THERE. WE HAVE IN
DESIGN, AN ACCOMPLISHED DESIGNER

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OF IOT RELATED PRODUCTS, THEN
YOUR MORE ENTREPRENEURIAL
COMPANIES LIKE...PERCEIVE,
SPATIAL ANALYTICS, A SPACE THAT

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UP UNTIL MAYBE EVEN A COUPLE OF
WEEKS AGO, THE AVERAGE PERSON
WOULDN'T GIVE MUCH THOUGHT TO.
BUT THEY LOOK AT -- THEY BUILD

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3-D MODELS USING SPECIALIZED
CAMERAS TO SEE HOW PEOPLE ARE
ACTING WITHIN A GIVEN PHYSICAL
SPACE, THAT MATTERS TO RETAILERS

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HOW THEY LAY OUT THEIR STORES
AND HOW THEIR CLERKS AND SALES
PEOPLE MIGHT INTERACT WITH
SOMEONE, BUT MORE AND MORE, IT

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HAS A LOT TO DO WITH PHYSICAL
SAFETY, AND SITUATIONS LIKE
WE'RE IN TODAY WHERE SOCIAL
DISTANCE IS NOW A PHENOMENON.

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AND SO I THINK THIS IS GOING TO
PRESENT A LOT OF OPPORTUNITY FOR
THE COMPANIES THAT ARE BASED AT
THE IOT LAB, AND WE'RE REALLY

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EXCITED ABOUT WATCHING THEM
CONTINUE IN 2020 AND BEYOND.
>> JOHN,
LOOKING FORWARD, WHAT IS THE

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OPPORTUNITY FOR
INDIANA...ESPECIALLY THE
STATEWIDE OPPORTUNITY?
>> I DEFINITELY BELIEVE FIRST OF

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ALL, THIS IS A STATE-WIDE
OPPORTUNITY. I THINK
ENTREPRENEURSHIP AND INNOVATION
IN PARTICULAR, AND IOT AS A

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NICHE WITHIN THAT OPPORTUNITY
SET REALLY PROVIDES THE
OPPORTUNITY FOR ENTREPRENEURS TO
INNOVATE WHERE THEY ARE. FROM

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THE BEGINNING OF THIS LAUNCH
FISHERS, AND IOT ADVENTURE,
PWE'VE ALWAYS TALKED ABOUT THE
TWO KIDS IN INDIANA THAT ARE

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GOING TO CHANGE THE WORLD, OR A
COUPLE OF KIDS IN A GARAGE IN
KOKOMO. THE MORE WE CAN INVEST
IN THIS, WE GIVE THOSE, THAT

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NEXT GENERATION AN OPPORTUNITY
TO INNOVATE IN PLACE. AND IOT IN
PARTICULAR CREATES AN
OPPORTUNITY FOR SOMEONE TO BUY A

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RASPBERRY PIE FOR 25 BUCKS, GET
A -- FOR ANOTHER 10 OR 20 BUCKS,
AND BEGIN TO INTEGRATE THAT INTO
THE REAL WORLD. SO WHEN YOU LOOK

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AT OUR STRENGTHS IN
MANUFACTURING, AGRICULTURAL AND
DISTRIBUTION, WE HAVE DOMAIN
EXPERTISE THAT EXISTS THROUGHOUT

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THE STATE AND LEVERAGING THAT
HERITAGE WITH THE NEW
OPPORTUNITIES PRESENTED BY THIS
TECHNOLOGY, WE REALLY HAVE AN

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OPPORTUNITY TO CREATE PRODUCTS
THAT COULD CHANGE THE WORLD. AND
THAT'S WHAT'S MOST EXCITING TO
US.

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>> JOHN WECHSLER, THE FOUNDER OF
THE IOT LAB IN FISHERS. THANKS
FOR JOINING US.
ALSO, MAKING NEWS AROUND INDIANA

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THIS WEEK.
DESPITE ECONOMIC UNCERTAINTY,
INDIANAPOLIS-BASED DIGITAL
MARKETING CONSULTANCY LEV IS SET

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TO BE ACQUIRED BY A NEW JERSEY
COMPANY. COGNIZANT TECHNOLOGY
SOLUTIONS SAYS THE MOVE WILL
FURTHER EXPAND ITS SALESFORCE

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PRACTICE. LEV HELPS BUSINESSES
MODERNIZE THEIR MARKETING
CAMPAIGNS USING SALESFORCE
MARKETING CLOUD. COGNIZANT DID

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NOT SAY WHETHER ANY JOBS WOULD
BE AFFECTED BY THE DEAL.
LAS YEAR, LEV ANNOUNCED IT WAS