Life Lessons: Will we pay for a car or healthcare with our data?

Nikita Ivanov of GridGain Systems

Nikita Ivanov, co-founder and CTO, GridGain Systems tells IoT Now’s Jeremy Cowan how important it is to delegate, and how data may subsidise our future cars.

IoT Now: As a child what job did you want to have when you grew up?

Nikita Ivanov: Since I was about 14, I wanted to be a software engineer, and I began programming around that age. In Russia, where I grew up, the PC revolution came later than in the U.S. When it hit in the mid to late 1980s, my whole generation seemed to get sucked into it, and it was a very exciting time.

IoT Now: If you had one business lesson to share with your younger self what would it be?

NI: I have a founder’s personality. I have always tried to move very fast to build new things, but I also worried about every detail and tried to control everything that was happening. This created a lot of stress. When Abe Kleinfeld joined GridGain, I was able to observe how a seasoned CEO manages a company. He keeps an eye on everything, but he is able to take a step back and let some things just work themselves out. This is a very important quality, which I wish my younger self had understood.

IoT Now: Without naming and shaming, tell us about your worst ever boss

NI: I have actually never had what you would call a really bad boss. Over the arc of my career, I’ve really had only six bosses, and I would not have stayed in those positions had the relationship with my boss been an issue.

IoT Now: Which Internet of Things (IoT) use case has recently fired your imagination?

NI: I’m particularly excited about what is happening in the automotive industry with connected cars. When you think about it, a Tesla is really becoming just a sensory container on wheels. This has the potential to completely change the monetisation strategy for the automotive industry. Over the next 15 to 20 years, the revenue from the information collected by the sensors on cars will likely surpass the revenue from selling the car. At that point, it’s conceivable that individuals will be able to acquire a car with a modest subscription fee as long as they allow the company to use the information it collects. And as IoT becomes ubiquitous, this monetisation strategy could spread to other industries, such as healthcare, which could dramatically reduce healthcare costs.

IoT Now: What has been your most memorable business travel experience?

NI: I wouldn’t say there was just one memorable experience. For me, business travel is about interacting with the very different cultures in countries around the world. Many of my experiences have been positive, but some have also been negative. One thing I always come away with after an international business trip is how lucky we are to be in the West.

IoT Now: What lessons have you learned from doing business in other countries or organisations?

NI: I think the biggest lesson is that culture matters, especially when it comes to a company’s internal operations. We like to think that we live in a global society and that there has been a lot of homogenisation. While this process is certainly taking place, if we try to completely ignore cultural differences, especially different ways of communicating, it can be devastating for a business because there are so many touchpoints that can cause friction. GridGain is a global company, with large offices in the U.S. and Russia, as well as other employees around the world, and we have learned a lot about how to navigate cultural differences to minimise the friction.

Nikita Ivanov, co-founder and CTO of GridGain Systems was talking to Jeremy Cowan, IoT Now’s editorial director

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow


9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

AND Technology Research and University of Essex join forces to develop self-powering, battery-less IoT device powered by AI

Posted on: September 24, 2021

Purpose-led technology company, AND Technology Research, is announcing a new partnership with computer scientists from the University of Essex to explore new ways of reducing the amount of power a device needs, while at the same time using energy harvesting techniques to produce truly self-powering devices.

Read more

How can IoT optimise the bearing supply chain?

Posted on: September 24, 2021

In 2020, stock management issues were estimated to cost UK manufacturers 66 billion GBP  because of disruption caused by the pandemic. Consequently, the quest to improve efficiency, cut waste and enhance supply chain operations is one that suppliers know all too well. Here Chris Johnson, managing director at miniature bearings specialist SMB Bearings, explains how the Internet of Things

Read more