Journey from Product-Based to Outcome-Based IoT Business Model

Upcoming Talk at “One Day Seminar on ‘Smart Cities & Urban Science, Feb. 27, 2018, Wisma IEM, 01- Auditorium Tan Sri Prof. Chin Fung Kee, Third Floor, Petaling Jaya, Selangor

IoT promises a big market but it has yet to grow exponentially. It’s not about technical challenges, but mainly it’s about having the right IoT business model. It’s not going to be any more about selling silo products based on its features. It’s no longer about subscription-based or pay-per used based. We will see the full strength of IoT when we can develop an Outcome-Based Business Model whereby we pay the services based on the outcomes such as an increase in new revenue streams, costs savings, customer loyalty, new creative products developed etc.


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Industry 4.0 Implementation and Adoption Workshop

Next Upcoming Workshop scheduled for Public – 27-29 March 2018. The contact details as per the Poster showed below.


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HOW-TO Become A Preferred FAVORIOT Partner

Are you a System Integrator wanting to find a suitable IoT platform? Are you an IoT hardware vendor ready to sell your products? Are you a software outsourcing company that wishes to work on an IoT project? If you want to become part of FAVORIOT IoT Preferred Ecosystem Partners, check out the following steps:

  1. Subscribe to any package (Beginner, Startup or Business or customize to your needs/number of devices) –
  2. Test your hardware integration or show your application development skills using our FAVORIOT IoT middleware
  3. Show screenshots of your dashboards, streams of data, sample codes, visualization dashboards or any photos as a proof of your work. Send to
  4. A better output of your work (or complexity of your project) will indicate the level of your readiness to undertake bigger and complex projects.
  5. Once approved, FAVORIOT will request for Quotation from Preferred Partners when FAVORIOT participating in IoT projects.

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8 Compelling Reasons to Participate​ in The Digital Way Initial Coin Offering (ICO)

Even before we setup FAVORIOT, we knew that IoT will be part of a bigger revolution that’s going to take place in the future. And we are right! Many have defined IoT as Third Wave of Tsunami but when it combined with several other technologies like Artificial Intelligence (AI) and Blockchain, it will become bigger and more disruptive than before. The ability to make “Things” more intelligent with AI and more secure with “Blockchain”, are the main key factors for Digital 4.0 Revolution a.k.a. Industrial Revolution 4.0.

We are happy and excited to inform that FAVORIOT will be part of Digital Way Ventures (DWV) in the upcoming Initial Coin Offering (ICO). You can read the Business Whitepaper here. This whitepaper is presented by Digital Way Foundation Limited (DWF), registered in Singapore, for the purpose of an Initial Coin Offering (ICO) to enable the rapid development of a Digital Services Platform (DSP) and deployment of industry 4.0 technologies across multiple high growth industries in telecom, digital healthcare, financial services, digital automotive and so forth, by Digital Way Ventures Limited (DWV) registered in Hong Kong. The ICO will drive business growth across fast-growing markets in Asia and beyond.  You can also join the Telegram discussion to get the current status or for further inquiries.

Below are 8 Compelling Reasons to Participate in The Digital Way ICO:

  1. PROVEN FOUNDER – The main founder has successfully started, driven, public-listed and divested multinational businesses, as a highly influential serial entrepreneur.
  2. EXPERIENCED TEAM – The founding team is comprised of leaders with average 20 years of proven track record and deep experience in technology, industry or both
  3. AI + IOT on BLOCKCHAIN – Focus on Industry 4.0 technologies like AI, DLT, and IOT in high growth verticals such as telecommunications, financial services, healthcare and automotive
  4. WORKING BIZ MODEL – This is an established business with 2 years of track record with a regional footprint and 40+ employees in the early stage companies (42% own PhDs or Masters).
  5. PENETRATED MARKETS – Few flagship products are already launched to the market (not beta versions) and ready for acceleration; no need to wait for incubation and R&D anymore.
  6. PARTICIPATIVE BENEFITS – As Token of Appreciation, DWF has designed the bene ts and usage of WEI tokens to include a participative bene t via airdrop of tokens using a portion of 1% revenue yearly from recipient DWV portfolio companies.
  7. 3 BILLION MARKET SIZE – Home base and strong competitive advantage in ASEAN with 650 million population, huge demographic dividend and fastest growth in the middle class. Springboard to ASEAN++ including India, China & Australasia that has more than 2.35 billion population.
  8. SOCIALLY RESPONSIBLE – This is a business with a social conscience to impact high growth everyday life relevant industry verticals via Industry 4.0 technologies, and empower innovators with its DSP blockchain.


Invitation Link for the Digital Way ICO Telegram Group (#dwico) – Telegram Discussion

Only trust those with the ‘admin’ tag

IMPORTANT: Digital Way will NEVER solicit payments via Telegram. The address for the Presale and Public ICO will only be published on the Digital Way website. Never send any BTC/ETH/NEO to addresses received over here.

Digital Way ICO site: ICO Website

Pre-ICO Date: 1 March 2018, 18:18 (Singapore Time)
ICO Date: 18 March 2018, 18:18 (Singapore Time)




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Pocket-Size Halal Sensor Based on Dielectric Spectroscopy

This project presents the design of pocket-sized halal sensor used to detect lard adulteration in oil using dielectric spectroscopy method. This system will feature the application of Interdigitated Electrode (IDE) connected to Analog Devices’ AD5933 Evaluation Board to measure impedance and a mobile app that acts as the User Interface.

The whole system will be connected using Arduino, specifically Arduino Uno and an HC-06 Bluetooth module. The main motivation of the design is to provide a portable, real-time and accurate lard measurement device which is quite scarce in the market.

Besides that, this project will also focus on the performance of dielectric spectroscopy in detecting lard adulteration. Lard adulteration will be measured using the system designed and the sensor’s performance is measured via FAVORIOT IoT Platform.

Physically, the system consists of the following components:

Figure 1: System components

Figure 2: Mobile app connected to the sensor using Bluetooth. [1] Select device page. [2] Homepage when no device is connected. [3] Homepage when the device is connected.

[Note: This project is being developed by UPM, our FAVORIOT’s University’s collaborator. Article was written by Nurhani Amirah Adenan]

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Remote Optical Sensor for Ammonia Detection in Water

Ammonia is a chemical compound that made up of two gases which is nitrogen and hydrogen. Ammonia can be found in several advantages and disadvantages toward human and environment. The advantages of ammonia can be seen from it is very useful that can be used in many industries such as in agriculture, food processing, petroleum, rubber, and other industries. For example, we can see that from agriculture, it is used for livestock feeds, fertilizer, and crop protection. In petroleum, it is used for the protection of equipment to avoid corrosion.

However, during the manufacturing process from industry, there will produce wastewater that contains a concentration of ammonia. When ammonia reacts to water, there are two chemical species exist in water which is in un-ionized form, NH3 and ionized form, NH4. The unionized form is called ammonia whereas ionized form is called ammonium. These two forms which together are called total ammonia nitrogen or in short forms TAN. At the same time, the weak base is formed which means the pH value is greater than 7. It is very important to know that the unionized form is toxic. Therefore, this toxicity will bring negative effect to the environment and may harm aquatic life.

In this project, remote optical sensor towards ammoniacal nitrogen in water will be developed to give an alert if ammoniacal nitrogen is detected in water. For the cloud including the server, database, and the interconnection between it, FAVORIOT IoT platform will be used.

[Note: This project is being developed by UPM, our FAVORIOT’s University’s collaborator. Article was written by Ng Foo Guan]

You can check out the whole LIST of IOT PROJECTS by our University Collaborators.

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