Tag: EMBA



Ivani, cofounded by EMBA

Justin McKinney, EMBA 45, reports that the company he cofounded, Ivani, has earned a featured spot with a global business partner at the Consumer Electronics Show, which starts today in Las Vegas.

Ivani, which develops technology that links smart devices, allowing them to detect whether people are in the room, will be a featured partner at the booth sponsored by French company Legrand, along with Marriott and Samsung. McKinney reports that he’ll be presenting Ivani’s “network presence sensing” technology and Ivani’s partnership with Legrand, the largest wiring device company in the world.

We caught up with McKinney for a quick Q&A before he headed for Las Vegas.

The news of the moment is Ivani’s featured spot at the Legrand booth at CES. What does that mean to attendees, to our readers—and to Ivani.com?

Legrand is the leader in occupancy sensing technology on a global scale. It speaks volumes that Legrand leadership believes in Ivani’s network presence sensing technology and sees this as a human sensing platform where their users can benefit from and grow with the technology.

To date, there have been few impactful advancements in the “internet of things” (technology that links everyday devices, home appliances, wearable devices, etc., to the internet). One of the primary discussions in IoT right now revolves around autonomous buildings or buildings that respond to people rather than the opposite.

This is where Ivani’s network presence sensing (NPS) changes things. NPS technology is a set of custom firmware and software packages which turns groups of wirelessly connected IoT devices like Legrand’s smart switches and outlets into advanced occupancy sensing systems without adding to or changing their hardware. Along with Ivani’s partners like Legrand, the data NPS provides can enable autonomous lighting, advanced physical security, optimized HVAC, proximity marketing and more.

What exactly does it mean to be an “occupancy sensing system”?

For the first time, occupancy sensing will be a software solution rather than a solution limited to a traditional hardware sensor, which will enable new business models like occupancy as a service. This allows the user to experience new functionalities over time through over-the-air updates.

For instance, a homeowner who has a group of NPS-enabled smart switches and outlets in their home could, with a simple update, enable motion sensing without having to add new hardware. A month later, another update could allow that homeowner to experience presence sensing (a valuable sensing capability currently not yet available on the market).

Beyond this, NPS holds the promise of counting and locating people all through software updates. These new functionalities would elevate their lighting experience, save them money on their energy bills and insurance, make their home more secure, and more.

Ivani’s partners could simply place a button in their app to activate these updates, allowing their customers to add functionality to their existing devices. This means customers can activate the functionality they want, and Ivani and its partners can share in the revenue generated by those activations.

Something else this news speaks to is the level of tech coming out of the greater St. Louis area. There is a myth that disruptive tech only comes from the coasts. Along with many other extraordinary tech companies in the area, we are hopefully changing this stereotype.

How does the company affect the everyday lives of its customers?

Ivani provides the world with innovative solutions to foster everyday sustainability. As a technology and intellectual property development company, Ivani focuses on providing our partners with cost-effective market-leading solutions to human presence detection for IoT applications. Along with my fellow co-founders, we started the company in 2014 and went through two important pivots that set us on the path we’re on now. We’ve been focused on our current technology—network presence sensing—since 2015, and we haven’t looked back.

Being a startup, we all wear many hats. The Ivani cofounders together determine strategy. As COO, I’m generally responsible for the company’s budget, marketing, business development, and overall operations. That said, I do nothing by myself and lean heavily on my co-founders and the Ivani team.

Using analytics and machine learning, Ivani turns groups of wirelessly communicating IoT products like smart switches, outlets, and lamps into advanced occupancy sensing systems without adding to or changing the hardware.

Why is NPS technology so significant? Don’t we already have things like motion detectors?

As the number of IoT devices grows exponentially, we see NPS becoming a standard because of its cost-effectiveness and the impact it can have on so many people’s lives at home, work, and in public spaces.

Occupancy data is key to making IoT devices smart. They need to sense people to respond to people. While this seems simple, it is often overlooked by many manufacturers of these products. With NPS technology, many of these devices can become truly smart, saving energy and significantly improving their user experience.

How did the name “Ivani” come about?

This is a fun story. One of our cofounders loves creative word games. After playing around with the word innovation, he came up with something we all loved as a name. Remove the words “no” and “not” from “Innovation,” shift a couple letters and voila! IVANI!

In what ways did your WashU Executive MBA influence your path toward cofounding the company?

Among other things, I was inspired by my fellow cofounders to step up my game to go for my Executive MBA at WashU. The EMBA experience has been invaluable for both myself and Ivani. It has influenced my decision making in all areas of the company, like strategy, marketing, operations, negotiations, and leadership—just to name a few. Additionally, the contacts I made during my time at WashU, both fellow students and faculty, have been very helpful with key advice when needed.

Pictured above: Ivani, cofounded by EMBA ’16 graduate Justin McKinney (inset), develops technology that can detect human presence by linking internet-connected smart devices.




Transitioning from the military into a civilian business career means learning how to adapt your passion and apply existing skills in a new way, according to three Olin Executive MBA graduates who highlighted their own transition in a recent piece published by U.S. Veterans Magazine.

“In the military, you’re always looking for ways to become more efficient to provide the highest level of service to your country,” said Don Halpin, who served in the US Air Force for 20 years before earning his EMBA in 2016 and becoming healthcare systems engineer at Jump Trading Simulation & Education Center in Peoria.

“In healthcare, it’s a similar situation,” he said. “I love that I’m able to aid in bettering the lives of our patients, and the EMBA played a large part in that.”

Eric Maddox, who served in the US Army as an interrogator, found he could make connections between his experience and his business savvy now as a motivational and keynote speaker who tailors his talks to his audience, reflecting business trends he mastered in the classroom.

“I quickly realized how my experience in the intel world and war zone can directly apply to businesses and private organizations,” said Maddox, a 2016 EMBA alumnus.

“The EMBA program provided the perfect forum to tie together and finish off the leadership, strategic thinking, and management skills I developed through my years of experience in the military,” said Harry Schmidt, a 20-plus-year veteran of the US Air Force and Air Force Academy who is now president and CEO of Passavant Area Hospital in Springfield, Illinois. He also earned his degree in 2016.

Read the full story in U.S. Veterans Magazine online.

 




On November 30, four Executive MBA alumni and students—all leading Chief Financial Officers representing a variety of industries—gathered to discuss the challenges and ever-changing roles of CFOs.

Rebecca Boyer, of KellyMitchell Group, Charles Kim, of Commerce BancShares Inc., and Jim McCool, of Bunzl Distribution Co., discussed the influence, evolution, and expansion of the CFO role in a roundtable moderated by EMBA student Laura Carel, Manager of Complience at Emerson Automation Solutions.

Over the past decade, the role of CFO has extended well beyond the key functions of financial reporting, forecasting, auditing, and structure. CFOs are often the voice of the company within investor relations and communications to the board, as well as leaders of key strategic and operations initiatives. Despite the rapid rise of the CFO, studies show that less than 15% of CEOs moved into their role from CFO.

Jim, Rebecca, and Chuck each shared how their respective companies are shaping the role of CFO to meet today’s demands. They discussed ways they continue to evolve as professionals, including the development of soft skills, to prepare themselves for the next step. All three agreed that having a strong operations background (rather than purely financial) was a huge asset, providing a deep understanding of the business. Rebecca also emphasized the importance of strong communication skills in the role of CFO.

The next Olin roundtable event, a discussion on the role of operations executives, will take place on January 17, 2018. Check out Olin’s upcoming events for more.




Olin Business School’s Executive MBA program in partnership with Fudan University in China is number seven in the 2017 Financial Times’ annual ranking of the world’s top 100 EMBA programs.This survey marks the sixth consecutive year that the Olin-Fudan EMBA has been ranked in the FT’s top ten global programs.

Alumni of the Olin-Fudan program reported gains in the important areas of salary increase, career progress, and work experience. Olin-Fudan EMBA graduates are among the top earners of the schools in the ranking with an average salary of $360,250, the third highest globally.

“Olin’s partnership with Fudan University pioneered the executive MBA in China in 2002 and has consistently been a leader,” said Mark Taylor, dean of Olin Business School. “The large number of top American and European business schools that have followed us to Asia in recent years are a testament to our successful program and our outstanding alumni who have propelled their global careers to new heights after earning the Olin-Fudan EMBA degree.”

The Financial Times ranking is based on two surveys: one of business schools and one of their alumni who graduated in 2014. Criteria in 16 categories are weighted for the overall ranking. For more on the FT ranking methodology and details of this year’s survey, link to the Oct. 16 edition of the FT.




It was dubbed the “The Biggest Office Party in St. Louis,” and Olin Executive MBAs wanted to be a part of the fun. On August 31, 4,000 people gathered downtown for the 2nd Annual Biz Dash—a 5K run through the streets of St. Louis’ business district. The EMBA program recruited a team of alumni, students, and staff for this community-building event.

Produced by the St. Louis Sports Commission, the Biz Dash brings companies together to race, mingle, and enjoy the night, with live music, food, drinks, and fun. It’s a happy hour with a healthy twist. Olin research finds that healthier employees lead to higher productivity in the workplace. And the race is all about inclusion – every level of runner and walker was encouraged to participate

There were teams from World Wide Technology, Emerson, Nestle Purina, Edward Jones, Maritz, Ameren, Boeing, and the WashU Executive MBAs, just to name a few.

The WashU EMBA team included Stephanie Russell (Sun Edison), Brandon Porter (Equifax), Patti Williams (Peabody), David Messner (St. Louis Regional Chamber), Andy Wiegert (WashU), Erik Penfield (Oracle) along with several spouses, guests, and members of the EMBA admissions and services teams including Meg Shuff, Assistant Dean of Executive MBA admissions.

It was a gorgeous night to be outside and there was fast energy all around—especially from the runners at Bryan Cave who finished first in both the male and female individual competitions.

Our executive MBAs were running to support the St. Louis Sports Foundation, a 501(c)(3) charitable affiliate that promotes sportsmanship and positive environments for kids to play sports. Look for next year’s growing team of WashU Executive MBAs on the run!


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