When was the last time you went to the bank physically and made transactions in there? A few days ago, several months ago, or perhaps never in your recent memory? You may realize that today’s people prefer to make a banking transaction through their smartphones. It’s because technology has left a huge impact on almost every area in our lives including the way customers interact with businesses, and in this case banks.
Have you ever heard of what Internet of Things (IoT) is? Yes, IoT is a concept whereby an object has the ability to transfer data over a network without having direct interaction between human and machine. There are so many uses of IoT for direct product to consumer such as wearable devices for health improvement, smart vehicle, and smart home technologies.
Can an Indonesian city follow? There are a few inherent challenges:
- Budgeting. Can the government budget this in an efficient, clean manner?
- Execution. It will need a tremendous effort to install these thousands sensors.
- Theft. In Indonesia, these sensors are at high risk of loss due to theft and vandalism.
- Power. How do we power these sensors efficiently?
- Connectivity. Too expensive if we need to pay Telcos for sending sensor data to the cloud?
- What if we can build a platform and ecosystem where people can contribute in buying these sensors as part of their contribution to the city?
- What if we can build a DIY sensors and gateways for the people to install themselves?
- What if we can build these devices as cheap as possible (less than $20) and thus reducing the motivation of theft?
- What if we can use Radio frequency to transmit data so even a single AA battery can last a year?
- What if we use people’s home internet connection for the gateway to send sensor data to the cloud?
Many laypeople have become accustomed to the internet being an alternative to physical things. Whether you’re replacing your spiral notebook with a digital to-do list or using virtualized machines to take the place of physical computer parts, “going virtual” has frequently been used as a shorthand for the process of eliminating the need to use physical hardware.