MEDIA STATEMENT 1 June 2017
South African innovator in Internet of Things (IoT) technology, IoT.nxt, was awarded the top accolade of Overall Winner at the second MTN Internet of Things award event held at the Sandton Convention Centre today. The company also walked away with the Best Commercial Solution award.
“This is a great achievement for our team. We are thrilled to receive this recognition and grateful for the acknowledgement for the company. It is an endorsement for what we are doing and celebrates what we have achieved in 18 months,” Nico Steyn, CEO, said after the announcement was made at the gala event.
“There is a revolution underway in business. Not only in South Africa but across the entire continent. Companies must adapt and change to remain competitive. IoT will deliver massive benefits to any company in any industry. This technology can deliver exponential value, as we have already seen in the many industries we are involved with. For instance, local mining companies are re-inventing themselves to remain relevant in a highly competitive global industry and are already seeing the benefits of the rapid deployment of new technology,” Steyn said.
“The award project shows the incredible skills available in South Africa and we are proud that our team was considered the best. The best businesses are built through employing the best people and we have a great team. Part of our success is having the right backing. Our investment partners, Talent10 Holdings, are walking this road with us and enabled team IoT.nxt’s innovation culture to thrive,” Steyn added.
According to MTN Business Group Executive, Oliver Fortuin, the major strength of the IoT.nxt framework is that the solution is technology agnostic, which overcomes the challenge of connecting any and all devices or systems. “This enables a company to deploy best of breed technologies with little or no disruption to the company’s current operations, allowing businesses to action an Internet of Things strategy quickly and easily,” Fortuin said at the presentation of the Overall Winner award.
“This year we were looking for ground-breaking solutions that use IoT applications and technology to generate income, productivity and streamline efficiencies in the corporate world,” added Fortuin. “Interoperability, rapid deployment and ease-of-use were all major considerations.”
Steyn also noted that central to digital transformation is data and, more importantly, its availability. “The inherent latency that accompanies data transfer has been problematic, as has the consolidation of different data formats residing in various parts of any business. All this has to be considered before it can be transformed into structured, dynamic, definable and actionable insights.”
The awards were presented as part of MTN’s national IoT Conference, which showcased the latest trends, challenges and opportunities in the IoT space in a variety of industries, such as automotive, healthcare, asset and fleet management, manufacturing, security, retail, smart grid, smart metering, smart home and consumer electronics.
The winner of the Most Disruptive Category went to Hear Scope, whilst Proximity ID took home the Wildcard category with their cardless instant identification and access control system. The Most Innovative Hardware award went to Digital Matter, which supplies an innovative range of GPS tracking and telematics devices and a user-friendly web-based software platform to the fleet, logistics and communications industries. Indoor farming system MCX AgriTech came out tops in the Best Enterprise Development category.
IoT.nxt was founded by Steyn and partners Bertus Jacobs and Terje Moen in Centurion at the end of 2015. The company has already set up an associate office in London and a fully-fledged IoT.nxt office will open its doors in The Hague, The Netherlands, later this year.
ISSUED BY: IoT.nxt