Today we catch up with CODE_n Alumnus and Industry 4.0 (smart factories/connected manufacturing) startup Evercam. The founders Marco and Vinnie embarked on their business idea in 2010 by filming construction projects in Berlin. Much has happened since then. They’ve relocated to the capital of Ireland and now work in partnership with Lensmen, a leading player in the Irish photography and videography market. The startup is gaining success providing a monitoring software platform for the worldwide construction industry.
When entering the CODE_n CONTEST in 2015, the Hamburg-based startup Connected-Health.Eu had exactly one goal: to improve the connection between doctors and patients. The young company based around Johannes Jacubeit (Ph.D.) has come a long way since then, constantly improving the idea behind their product: finding a modern way to transfer a patient’s health data (medical records, radiographs, …) into the doctor’s office – via smartphone – securely and conveniently. For our CODE_n Alumni catch-up series, we had a quick chat with Gabriel Adorf, Designer at Connected-Health.Eu about the latest developments.
Following on from your time as a CODE_n Finalist, what have been Connected-Health.Eu’s greatest achievements?
Gabriel: We have succeeded in building a running beta version of our hardware and are testing it in 20 doctor’s offices in Hamburg. Corresponding to that we have successfully launched an iOS and an Android App. We have raised a seven digit seed investment in 12/2015 from High-Tech-Gründerfonds, Innovationsstarter Fonds of the city of Hamburg, and a group of private investors. (Editors note: You can find all the information in the respective press release.)
What lessons have you learned or failures you’ve experienced and how have you coped with them?
Gabriel: We talked to an investor too long, that eventually just jumped the ship after three months of negotiations. We should have canceled the deal way earlier. We coped with it by having better investors now who really believe in the product as well as the team.
What were your biggest takeaways from your time at CODE_n?
Gabriel: We learned how important it is to get everybody from the team out of the office from time to time to speak to customers and to people who never heard a thing about the product. It helps you in every position in the company to know how to explain everything in a few sentences and to know all the common questions about the product. More…
By 2020, there will be an estimated one billion smart meters in consumers’ homes around the world, able to give live feedback on energy use. These smart meters will “talk” directly to utility companies, providing them with a gateway to a wealth of valuable data.
Adlai Goldberg, Partner, Advisory, EY Switzerland
In a workshop on smart energy, EY’s Adlai Goldberg and Alain Bollack debated what the implications are for both industry and the consumer. “As a consumer, when you have live data on your energy consumption, you’ll be able to see how much you’re spending and change your habits or take steps such as insulating your house,” said Bollack. “Smart meters will also make it easier to switch providers.”
He said the home is the last space where there is a battle for control; once people get used to the smart meter, they will add more and more devices and want to control them remotely from their phone or tablet – generating a goldmine of data. “The question is, who gets control of that gateway – will it be utility companies, telecoms companies or entertainment and games companies?” asked Goldberg. “Will it be a large player or a new entrant to the market who comes up with a brilliant innovation?” More…
Businesses in all sectors “must wake up to the huge potential of 3D printing or risk losing out”, said Dr Susanne Wosch, speaking at CODE_n.
Dr. Susanne Wosch, Senior Manager, Advisory Services, EY
Companies’ entire value chains are being affected by this disruptive technology, said Wosch, EY Senior Manager, Advisory Services, Strategy, Innovation Management. “If you don’t use it, one of your competitors will.”
Additive manufacturing has been around for almost 30 years, but it is only with the rise of digital technology that it has really come into its own. It has multiple possible applications, from rapid prototyping to marketing, where, for instance, a company could print sample packaging to show its clients.
Faster, cheaper, easier
There are many advantages of producing items using 3D printing rather than conventional manufacturing processes. Two main ones are that, firstly, it simplifies and shortens the production process – the product is printed in one go, even if it has moving parts, so there is no need for assembly. Secondly, it reduces costs: you don’t have to pay for and store items “just in case”; instead, you print them only as and when you need them. More…
Smart cities – where everything is connected – offer huge potential for making people’s lives better. But they also create a much greater risk of cyber attack.
Ken Allan | Partner | Global Leader, Cyber Security
At a CODE _n workshop on protecting the smart city, Ken Allan, Global Leader, Cyber Security at EY, said the problem is that when everything is connected, there is a much greater “attack surface,” leaving previously secure sites vulnerable to hackers. “The number of devices and systems that are connected provide pathways into the things we care about,” he said. “There’s an entire industry out there trying to work out ways to take advantage of this connectivity for malicious purposes. These are not just lone-wolf hackers but organized groups and, in some cases, nation states.”
Hackers becoming more sophisticated
The ramifications are huge. Cyber attacks are becoming highly sophisticated and increasingly persistent, and there have been many instances where hackers have failed to break directly into an organization but have managed to gain access to a third party and then use the links between the third party and the target organization to jump across systems. We have to think about not just the cyber security of our own city, company or government but also the security of everything these organizations are linked to. More…
CeBIT and CODE_n 2015 are in the past – it’s already been over a week since the 50 finalists took down their booths and the CODE_n team and partners folded up tents in Hanover. But preparing for the future always means looking back: figuring out what went great and what could have been better will be part of the work of the CODE_n team for the next couple of months. Really helpful is the feedback of some of our finalists. Among it some truly moving statements that we surely don’t want to withhold:
CODE_n15 has been a truly great event, definitely the best at CeBIT. If we put aside the great exposure we had by participating in CODE_n15, what we liked most is that this event is organized by entrepreneurs with a single motivation behind: innovation. Thank you CODE_N that we were able to be part of it. – Vebbu
What industry needs is not necessarily more data but better use of data. Only then will the benefits of Industry 4.0 materialize: the ability to maximize productivity, predict and prevent machine breakdown, manage product life cycles and design smarter parts.
Frank O. Müller, Executive Director Advisory Germany Switzerland & Austria, EY
That’s the view of EY’s Frank Müller, Executive Director, Manufacturing and Maintenance for Germany, Switzerland and Austria. Speaking at CODE_n, he said that some companies are failing to realize the full potential of the Internet of Things because they are capturing huge volumes of data without considering what it is for.
From reactive to predictive mode
“Fifty years ago, you had reactive maintenance, which meant waiting until a machine broke down and then repairing it,” he said. “Then we moved into preventative maintenance, where you would repair machines after a certain number of kilometers or a set time interval. Today, we are in the era of predictive maintenance, where we can act before problems arise: sensors are cheaper and deliver much more sophisticated information, so you can initiate maintenance before breakdowns occur.” However, the sheer volume of data that can now be captured means many companies are unable to interpret and apply the information they are so diligently gathering.
Tim Best, EY Director, Cyber Security
We still refer to our mobiles as “phones,” even though making phone calls is the very least of their functions. In the same way, we are likely to continue calling connected vehicles “cars,” even though driving, as we understand it today, will soon be eclipsed by a myriad other capabilities.
The connected car will be able to drive itself, performing tasks such as dropping you at the airport before taking your children to school and collecting your shopping. During the day, while you are at work, you may be able to rent it to a taxi service provider. At weekends, you might choose to take the wheel again – for purely recreational reasons. The rest of the time, you can hand over responsibility to the car’s automated systems while you surf the net, watch a movie, work or sleep.
Living in networks
To take on all these new functions, the connected car has to “live” in multiple networks, interacting with systems including power grids, car manufacturers, traffic control, vehicle-to-vehicle communications, road tolls, home networks, technical services and government. “The connected car is a network of networks,” explained Tim Best, EY Director, Cyber Security, speaking at CODE_n. “That means it is only as secure as the networks in which it operates. All of these present possible ‘attack vectors’ for hackers.” More…