My guest this week takes us to the manufacturing floor where his company is enabling insurance providers to better assess risk and price policies accordingly. Saar Yoskovitz, co-founder and CEO at Augury, joins me to talk about the company’s new guarantee that is backed by Hartford Steam Boiler, a division of Munich Re, that pays customers IF Augury fails to anticipate a machine breakdown. We also discuss the role the pandemic has played for Augury’s business and how the company ended up launching a new product for its customers to help them keep production employees working remotely. Instead of just helping manufacturers keep an eye on the health of their machines, Augury has a web-based communication tool that lets production managers keep an eye on their plant and schedule workers. It’s a cool story.
Hosts: Stacey Higginbotham and Kevin Tofel Guest: Saar Yoskovitz, co-founder and CEO at Augury Sponsor: Very
Google’s integration with Android reminds me of Apple
Arm’s decision to spin out its IoT services makes sense
A new codec could help cut down on smart camera data demand
When IoT meets an insurer’s moral obligation
Why Augury found itself building a Slack for manufacturing
Well, the skies fell this week for the smart home. Or more accurately the cloud was somewhat disconnected thanks to Amazon Web Services stumbling. We discuss what happened and how companies can avoid having similar problems by designing for resiliency. We also talk about several new Alexa skills for locks, routers and phones. We then discuss the hacked teddy bears and a few new devices worth checking out. Plus Kevin gives an update on the June oven and I share my update on the Logitech Harmony.
After all of that, we move to the business world for a deep dive into the new value chain for producers of physical products. Once you add connectivity, data analysis and machine learning, the model changes. I speak with Saar Yoskovitz, CEO of Augury, to find out what happens to the distributers and after market parts venders, and how startups can force their way into the process and steal margin from bigger players. It’s a really insightful conversation about what happens when everything becomes a service.