In this interview, Mike Wilkinson, the CEO of Paragon Innovations, discusses the growth and advancements in the Internet of Things (IoT) industry. Paragon Innovations specializes in transforming ideas into functional electronic products, and Mike highlights the accessibility and cost-effectiveness of IoT technology, particularly with the introduction of cellular capabilities like CAT M1 and NB-IoT. He presents various real-world applications of IoT, including medical equipment management and container tracking. Mike emphasizes the significance of low data rates, low cost, and low energy consumption in IoT devices. He envisions a future characterized by automation and smart systems, although concerns about data overload and privacy remain. The interview concludes by addressing the driving forces behind the industry's growth, including increased accessibility and affordability of IoT devices.
