Tell us about what you’ll be presenting at Expand North Star 2023?
Webyfy IoT P Ltd an application technology R&D company is presenting a technology framework which can automatically create, sector agnostic, highly scalable, and integrated sensor, actuator, audio and video IoT systems.
What makes your product or service truly unique and why will investors, VCs, incubators, accelerators, and show visitors love it?
IoT is the largest and the fastest emerging technology market in the world. Webyfy is in the process of releasing over 100 products in multiple domains in the next six months. And has a target of over 2000 applications and 1000 application sensors in the next three years to be one of the largest IoT application provider in the world. Webyfy is looking for investors to boost the product and market portfolio.
Are you planning tolaunch any products or services, demonstrate any technologies, or sign any partnerships during the show? Please provide details to help us amplify your presence.
No. The products are getting released in December 2023. The intent is to scout for serious investors and assess the business environment for possible marketing associations.
Which sectors will grow significantly in the startup ecosystem in 2024 and why are investors looking at these sectors?
In the technology front, the Internet of Things (IoT) is the most rapidly emerging technology market in the world. And hence the interest from investors.
Why is India such an attractive market for the start-up ecosystem and what is the country’s unique appeal for would-be international investors?
India is moving head in all sectors. There is movement of millions of people across the class boundaries creating huge demand for all sorts of products and services. This makes India possibly the largest market in the world. Hence this is the best time to invest in India across sectors.
How important is the Middle East and Africa for your business, and what is your growth strategy in the region for the coming years?
Dubai is critical to our business as it can act as the hub for managing the GCC countries and Africa. The former being a mature market and the latter being a large emerging market. I understand that one can go around with a Visa on arrival to many countries in the region if one has an employment visa in Dubai.
In which ways can AI help startups reach new levels of efficiency and excellence and how is the world’s next big tech shift supporting the growth of companies in your industry?
AI can help in multiple ways. With specific reference to what we do, we use AI in product configuration, data analytics , modeling and prediction. And also in many sensing technologies. AI and the Internet of Things (IoT) are inseparable. For the IoT to be effective, it has to have AI assistance as IoT generates humongous amounts of data and only an AI system can navigate and make sense of it.
How do you see the regulations for fast-growing digital sectors such as finance/banking and Web 3.0 services, and how do you believe startups should prepare for it?
Regulations are a must when the technology is going to affect the life of millions. It is a fact that startups need to take care to have even the basic acceptance of the solutions they create.
Anything else you’d like to add?
India is the fastest growing economy, largest democracy with stable governance. However, the biggest opportunity is the rapid upward movement of the population across economic strata. Being the most populous country , creates the biggest opportunity beyond imagination.
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