Internet of things can transform industrial supply chains: CEO

A seven-time D.C. entrepreneur wants to use advances in the internet of things to revolutionize the service supply chain industry.

Dick Hyatt, CEO of Decisiv, focuses on providing a framework and platform for industrial applications. The framework ranges from mobile technicians to deals to fleet maintenance.

The internet of things is widely defined as the interconnection over the internet of various computing devices embedded in everyday objects, enabling them to send and receive data.

Hyatt said an idea for bettering the platform came from watching his children.

“Kids don’t use phones. They haven’t used phones for the past 15, 20 years. Because they found text messaging was so much more efficient,” he said. “So we really incorporated instant messaging and text messaging into the whole collaboration process, and took out the phone.”

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Hyatt said the internet of things is set to become even larger, especially when it comes to industrial applications. “If you think of enterprise software or consumer software, most would suggest the industrial internet of things is probably going to be bigger than both of those,” he said.

Since the internet of things is, by nature, part of the internet, a huge amount of infrastructure and cybersecurity work will have to build up around the growing industry, making the D.C. area a great fit.

When it comes to motivating the team he’s had for all of his startups, Hyatt told What’s Working in Washington, “they get up in the morning because they have the same burning vision and burning desire to change an industry, make people’s lives better.”

“That’s the burning vision, the driver, that really motivates them, is they make a difference. Every day, every hour, they can impact the industry, impact the customers that we do business with.”

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