Podcast Summary #37 Thinkz & Real-Time Information
Date of recording: 22 June 2023
Find transcript here
Summaries of Key Takeaways:
- Real-Time Information Benefits: IoT enables real-time data sharing, improving daily life by making cities more navigable and services more accessible.
- Case Study Success: Examples, like mapping snowplows in Helsinki, demonstrate the practical application of IoT in improving urban efficiency.
- IoT Misconceptions: People often misunderstand IoT's scope, which extends beyond household gadgets to citywide applications.
- Platform Innovation: Thinkz's platform transforms IoT data into useful information without engaging in data storage, prioritizing GDPR compliance and user privacy.
- Future Implications: The broad application of IoT data can significantly impact environmental sustainability and urban planning, offering insights for better decision-making.
“To you, what is a Smart City?”:
Moshe Gazit: “A smart city is a city that smartly involves its, uh, citizens, uh, with, um, uh, information that can make them more knowledgeable and agile Okay. On doing things. Mm-hmm. <affirmative>, uh, of course, you know, we can talk about a lot of in technologies, et cetera, et cetera. At the end, if you engage people into your smart, um, environment and through that, um, you can make a lot of things, even the, uh, sustainability planet tree do that, you know, there's so many things that you can do just by sharing more, uh, uh, you know, valuable, uh, information. I think that's getting very smart. And then people also perceive it as very smart.”
- Transforming IoT data into useful information is essential
"We just transform the data into information. We make our AI system learn how it works, so we know if there is an anomaly. And then we don't use it anymore. So, on one hand, we are not keeping any data from any municipality or anyone like that. We're just transforming it. And on the other side, we don't even know who is coming onto the platform to use it. The analysis can be done by the owner of the data, of course, but we don't do that for him, to not go into keeping data, analyzing it, manipulating it, et cetera, because we don't feel that this is what we want to do, and we want to continue being just, you know, the place in between these channels. And the in between that does the little magic and they can do the rest." - Moshe Gazit
- Real-time information enables immediate action and decision-making
"Real time is action. When you get real time information, you can act based on that. And I will give you the most basic example: Friday morning. I have a free day and I go to a shop, and there is this little paper saying, 'Sorry, we're closed today'. I look online and it says 'open', these are the opening hours. But if it was real time, we would know. We would know it's not. [...] And, you know, people can say this is not the end of the world. No, it's not. But it's frustrating and you can plan your life better, especially today when, you know, everybody's stressed. Everybody has to do so many things, et cetera. So we are saying real time information can really help you manage your life better and have these needs, you know, met in a better way." - Moshe Gazit
- Verification of IoT data is crucial for reliability
"[Failures] can happen, you know, it's a machine, it's an electronic device that can go wrong, and it could be broken down or anything like that. It could be transmitting something that is not real, or it could also be manipulated one way or another. And it's important to make sure that the data coming from the IOT is verified. And that's why we made this patented system, for live verification. [...] With this AI system, we can say if there is an anomaly. And this is very important. So people, businesses, cities, they don't rely on something that we captured in real time that is something wrong. Or, you know, maybe there is something, but at least we can say something's wrong there, and we go in and check it." - Moshe Gazit
- Real-time and verified information can empower individuals and improve city management
"We believe that when you provide real time, high quality and verified information to people, they can manage themselves in a better way, then the environment is managed in a better way, the city, the road, you know, businesses, et cetera, et cetera. So we're encouraging cities to do that because cities [...] try to manage everything. They try to manage people, the lights, the crossings, everything. And it's very difficult to do that. It's quite a big job, and part of it can be actually given to people to manage themselves better. And, this is where we come from." - Moshe Gazit