On a hot January day, a group of intrepid start-up entrepreneurs from the 2019 cohort of Startupbootcamp EnergyAustralia* visited the DiUS Melbourne office for inspiration and collaboration.
Internet of things (IoT)
Reflections from DiUS at Startup Boot Camp selection day, 2018
Intel recently introduced a USB device called Movidius Neural Compute Stick (NCS) that’s capable of running deep neural networks. This convenient USB form factor allows developers to easily add neural network capability to existing hardware and start experimenting with artificial intelligence (AI). The ability to run artificial intelligence locally on an embedded system with low power consumption, coupled with low device cost makes AI at the IoT edge a reality.
According to IDC Corporate, it’s expected that revenue from IOT will be in the range of 7.1 trillion by 2020 (Ref IDC. But more significantly it is no longer an industry exclusive to big engineering and manufacturing businesses allowing for smaller players such a DiUS to assist companies in creating IOT solutions.