Deloitte Fast 50 -2016 – Pushpay takes number one ranking

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Auckland’s Pushpay, a developer of mobile commerce tools, has taken the number one ranking on this year’s Deloitte Fast 50 with an impressive 4574% growth.

Auckland-based digital customer relationship management platform Plexure (1197% growth), Christchurch house lifter SmartLift Systems (1028%), Wellington brewery Panhead Custom Ales (925%) and Auckland travel company All Blacks Tours (822%) round out this year’s top five.

Digital parking management company Parking Sense was named the 2016 national Rising Star. The Rising Star awards are designed to recognise early-stage, innovative, high potential companies – the next generation of Fast 50 businesses.

The annual Deloitte Fast 50 indexranks businesses experiencing rapid revenue growth over three years across a range of sectors, including manufacturing, technology, services, retail and consumer products, exporters and mature business. The index sets the benchmark for high growth businesses in New Zealand.

The threshold for entry into the Fast 50 was 225%, the highest entry threshold since the inception of the index in 2001, and the top 3 companies all had three-year growth rates in excess of 1000%.

Thirty-eight companies are appearing on the Deloitte Fast 50 for the first time and 27 companies have revenues under $5 million.

A total of 24 companies on the 2016 index are from the Auckland and Upper North Island region, followed by 9 from Christchurch and the Upper South Island, 7 from Wellington and the Lower North Island, 6 from Dunedin and the Lower South Island and 4 from the Central North Island.

Thirteen companies classify themselves as technology companies, twelve are consumer businesses, nine are from the construction industry and four each are from the financial services and tourism industries.

The remaining eight companies on the index are from the agribusiness (2), health (2), energy/utilities (2), education (1) and manufacturing (1) industries.

Deloitte Private partner Bill Hale says the high level of diversity among this year’s Fast 50 companies is similar to last year, underscoring that any type of business, from anyplace in New Zealand, can do well with the right approach.

“This is important as it creates job opportunities across more than just the tech industry, and demonstrates that SME businesses can be successful in their niche with good strategy and good execution,” he says.

“The average 2016 Deloitte Fast 50 business has 33 employees, is just over 6 years old, has annual revenue of $10.3 million and a 482% three-year growth rate.”

Along with being the number one ranked business on the 2016 Deloitte Fast 50, Pushpay took out the national awards for fastest growing exporter and fastest growing technology business.

The third ranked business on the index, SmartLift Systems, won the national award for fastest growing services business and fourth ranked Panhead Custom Ales won the national award for fastest growing manufacturer.

Other national category awards went to fifth ranked All Blacks Tours for fastest growing retail or consumer products business, IFS Forestry for fastest growing agribusiness and BLIS Technologies for fastest growing mature business.

The Deloitte Festival of Fast Growth, held for the fourth time at Auckland’s Villa Maria winery, brings together the country’s fastest growing companies for a one day inspirational business event. The focus of the day is to provide an informal but challenging and thought provoking environment for high growth business. It includes meaningful workshops, networking opportunities and concludes with the celebration to count down the fastest growing companies from 50 to 1.

For the full Deloitte Fast 50 index, go to Fast 50

Pushpay

Pushpay provides mobile commerce tools that facilitate fast, secure and easy non-point of sale payments. After asking “Why isn’t this payment easier to make?”, the Pushpay team answered it themselves with a world-class commerce exchange that’s grown 4574.4%.

Plexure

They’re on a mission to move mobile customers into the real world! Plexure helps brands use connected tech to drive revenue by increasing in-person sales, footfall, guest count, return visits and more.

Teknique

Teknique creates better ways to view, interpret, and understand the world by integrating its smart camera platform technology into electronic products. They are a team of thinkers, tinkerers, doers and communicators, dedicated to product development. They know that creative innovation got them here and are celebrating a growth rate of 607.5%.

IFS Forestry

IFS Forestry focuses on maximising forest owners’ investments. Offering a complete range of forestry services, from planning, forest establishment, and log harvesting, to carbon management and consulting services, they assist investors to get the best out of their forestry investments. Drawing on generations of knowledge in the forestry industry, this company is founded on a dedication to developing strong relationships and an innovative mind set. With 721.3% growth

IIoT – Industrial IoT

NZ and Australia will likely see the biggest gains in IoT in the industrial sector. Networks being rolled out like Thinxtra’s Sigfox LPWAN network will revolutionize the industrial sector.

Positioning-centric information is changing the way people, businesses and governments work throughout the world, combining LPWAN with GPS.

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Using Sigfox – expensive Satellite terminals can be replaced for Utility providers

In the above diagram assets like utility poles for power infrastructure and water meters can have battery powered sensors with integrated GPS monitoring status and take out the  need for the high costs of satellite connectivity.

A good example in NZ is where the Canterbury plains has complete coverage by the Sigfox network allowing dozens of use cases for agriculture and industry in the region.

Industrial Use Cases…

Asset Tracking – GPS & Sigfox connected drums • Location of expensive equipment (Compressors, Generators)- • geofence alerting • anti-theft• site-location • tracking payload

Connected Helmets – Heart rate • Body temperature • GPS Location via Sigfox

Door monitoring – monitor zone access •no need for cabling •alerts for unauthorized access

Preventative maintenance – alerting • monitoring equipment status • exception reporting

Rail temperature – Ultra-resistant sensors to monitor distortions•optimise inspections

Satellite replacement – due to the range of LPWAN some applications can now be replaced by Sigfox or LoRa devices.

First responders trialing IoT sensors in smart shirts

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Hexoskin Sensors.

Fed Tech Magazine reports that the Department of Homeland Security is funding research into wearables that can track the health of firefighters and other emergency  services in near real-time.

The initiative brings together , Hexoskin and SensorUp ,two Canadian IoT startups as key leads of the project

Technology from almost 40 other IoT device makers is also involved in the system that allows first responder monitoring with just a one-second delay.

The project will extend the current functionality of Hexoskin’s smart shirt that monitors the health of the wearer. This connected clothing uses sensors to track cardiac and respiration rates without requiring the user to wear equipment on the head or face.

Local Development

New Zealand has a company involved in a similar sensor field called Stretch Sense. Their wearable sensors are designed to unobtrusively measure large and small strains, and transmit the data accurately to a bluetooth enabled device, without the need for constant recalibration.

Whilst their technology is unlikely to be used in a first responder scenario they are making good headway in the following areas…

  • Making better exoskeletons
  • Quantifying comfort in healthcare , sports and wearables
  • Pervasive sensing for connected cars
  • Enabling motion sensing for smart sports garments
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Heath Milligan – Stretch Sense

I worked with Heath Milligan who is the global sales and commercial partnerships lead for Stretch Sense when with another NZ technology start-up.  Heath spends a fair amount of time liaising with partners in overseas markets including Japan.

As the Smart City ecosystem in New Zealand and Australia grows it will be good to see these type of applications adopted into sports team training and possibly into emergency crew applications across both countries.

Stretch Sense has been supported by Flying Kiwi Angels and Callaghan Innovation who have provided some matched R&D funding.

Article –  Greg Howard – Founder Smart Cities and IoT ANZ .

IoT BDM Thinxtra – Empowering Internet of Things.

Thinxtra is an Internet of Things (IoT) company founded by IoT experts who share the same passion and expertise: connecting things to improve business processes.

Thinxtra is backed by NZX-listed high-tech company Rakon Limited, which has a history of innovation in communications technology going back some 50 years.

Thinxtra is building a full eco-system of IoT solutions & services to increase productivity, accelerate decision making, improve quality of service or simply solve problems in an economic & connected manner. (Ecosystem partners)

 

The Industrial Internet of Things (IIoT) to spark global GDP Growth

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Market Map of IIoT by CB Insights.

 

The Industrial Internet of Things (IIoT) is set to spark mindblowing levels of global GDP growth over the coming years if industry can overcome significant barriers around data. (1)

Value Walk discussed the potential of the IIoT market, which GE research predicts will help generate a $10-$15 trillion boost in global GDP over the next 20 years. (2)

IIoT consists of connected sensors and devices that produce streams of data from industrial machines.

Bit Stew Systems recently commissioned a survey of top IT executives on their readiness for the IIoT revolution. Of those surveyed, 80% saw the top benefits of IIoT technology as enhanced operating efficiency and uptime.

Other key IIoT benefits identified by senior IT execs were: workplace knowledge transfer;better uptime; enhanced operating costs; and better asset performance management.

Yet despite these benefits, the survey found that 70% of surveyed firms are only in the planning phase of integrating IIoT technology.

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Industrial IoT Infographic

Conversely, just 30% of early adopters were already using the technology.

Data collection and integration biggest issues

The research found that IT leaders were most concerned about IIoT challenges around data collection and integration.

70% of those surveyed said that proven data modeling and mapping capabilities were the most important aspect of an IIoT platform.

However, 64% said that the biggest IIoT challenge stems from difficulties integrating data from a variety of formats and sources, as well as problems extracting business value from such data.

And as IIoT devices begin to proliferate at an accelerating pace, senior IT execs raise concerns that actionable intelligence will get lost in the coming data tsunami.

87% of those surveyed said that the huge volume of data and the difficulty in verifying its accuracy will cause valuable business insights to get lost along the way.

(1) ReadWrite – article

(2) Value Walk – Infographic

(3) GE Digital

(4) Market Map – CB Insights

Facilities Integrate Auckland 2016 , 3 – 4 November 2016, ASB Showgrounds

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Facilities Integrate 2016

Facilities Integrate provides a unique showcase for businesses that operate, maintain and upgrade buildings,
facilities and infrastructure, or design, install and integrate AV and ICT systems.

There are some seminars being held which will cover IoT.

Offices and commercial spaces are undergoing a smart transformation connecting and linking HVAC, lighting, environmental sensors, and security and safety equipment, along with external inputs such as the smart grid and weather.

User-driven and automated business processes can now leverage real-time IoT information from people, systems and devices to maximize resource efficiency, reduce cost and risk, and increase visibility across all operations.

Part of solving IoT challenges is to provide a new range of LPWAN enabled sensors for the Smart Metering, Intelligent Building and Smart City market. This new solution will allow building managers to achieve higher comfort, greater energy efficiency in monitoring energy and water consumption.

Facilities management

The event will cover building management, cleaning, energy management, fire protection, grounds care, HVAC, health & safety, maintenance technologies, security, storage, waste management and more.

Systems integration

The event will cover AV system integration, building automation & control, video projection & display, digital Signage, unified communications, audio systems and entertainment and more.

Free Registration

Visitor registration is free prior to the show and gate sales will be $25.00. Sign up to our newsletter for the registrations launch announcement. (use code – Radio) Register here