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I'm Piers Hogarth-Scott welcome to the KPMG IoT innovation network series. Today I'm interviewing Frank Zeichner. Frank is the CEO of the IoT Alliance of Australia. The IoTAA is the peak industry body for IoT and it's helping bring together both the public and the private sector to ensure that the country takes full advantage of the opportunity the economic opportunity presented by IoT. Let's see what Frank's got to say.
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the IoTAA is an organisation formed very recently to drive the adoption of IoT through the Australian economy and society. It includes about 250 organizations we're growing at 5% per month and we have over 500 participants. We focus on water electricity, transport, food, and ag again smart cities because we believe those are the ones where Australia has a natural advantage or a natural reason for accelerating our efficiency or our business models.
To capitalise on IoT in Australia we need to do what others are doing well overseas, which is building collaborative networks, which is building ecosystems within verticals that understand, and also attacking some of the key enables inhibitors which is what the IoT Alliance are doing.
So the IoT Alliance has a wide program of work and that includes seven work streams and these ones have been created to actually address the fundamental enablers and inhibitors for accelerating IoT in Australia. They are around collaboration, sectoral engagement, data privacy and sharing. Ensuring we have enough spectrum so that we can cost effectively connect arm sensors security and network resilience supporting our IOT innovation community and investment, and finally platforms and interoperability.
The opportunity for IoT in Australia is frankly huge many have said it over a hundred billion within the next 10 years, I think it could be bigger and if we focus on the right sectors we could make a tremendous impact not just in Australia but regionally and globally.
Many thanks to Frank Zeichner the CEO of the IoT Alliance in Australia for sharing his insights into what the organisation's been up to in the short year that it was formed it's quite remarkable to think that today there's around about 600 members across 250 companies and organisations that are already participating in the Alliance and helping to drive forward the broader economic opportunity presented by IoT.
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KPMG's National IoT Practice Leader, Piers Hogarth-Scott, recently sat down with Industry Associate Professor Frank Zeichner, Director of the Knowledge Economy Institute hosted at UTS and the CEO of the IoT Alliance Australia.