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LiveWorx 2017

The Lab of the Future, Today: IoT Success in Life Science R&D

Session Description

Many entrepreneurs have balked at the thought of building IoT solutions for fragmented markets, like life sciences. We saw opportunity. While doing research at Harvard, I had a eureka moment: There had to be a more efficient way to run experiments and manage experimental data. I realized IoT could be the answer. My co-founders and I launched TetraScience to connect the ecosystem that supports science and speed the path to scientific discovery. In this session I will tell our story but also delve into some compelling customer use cases: • With new data analytics, a lab ops team found a way to decrease capital equipment budget by 10% and servicing by 13% for ROI of 29x within 3 months. • By using cloud-connectivity, a $3M experiment was saved - and resulted in a life-saving drug getting to market faster.

Session Presenter
Additional Information
IoT Strategies and Business Models
The case studies and the success in a fragmented market: an IoT solution.
How IoT only creates value when you deliver connectivity, workflow and a business model where everyone at the table wins.
How providing ongoing closed loop feedback with new IoT customers helps them understand the ROI they're getting and communicates value to others in the organization.
Breakout Session
45 minutes
Session Schedule