Lecture: April 10, 2018


Precision Planet

Timothy Chou, Alchemist Accelerator


Tim has been lucky enough to have a career spanning academia, successful (and not so successful) startups and large corporations. He was one of only six people to ever hold the President title at Oracle. As President of Oracle On Demand he grew the cloud business from it’s very beginning. Today he serves on the Board of Directors of Blackbaud (NASDAQ: BLKB) and Teradata (NYSE:TDC). He started his career at one of the original Kleiner Perkins startups, Tandem Computers. Recently he became the Chairman of the Alchemist Accelerator and has invested in a select group of young companies all focused in cloud computing, security, vertical networks and artificial intelligence. Finally, he was fortunate enough to start teaching computer science at Stanford University in 1982. In 2006 he launched CS309A, Cloud Computing (cs309a.stanford.edu). Now in its 12th year the course has featured guest lectures by nearly 100 public company CEOs. Timothy has delivered keynote speeches on all six continents and recently released another book, Precision: Principals, Practices and Solutions for the Internet of Things. The book was published in India, China and Vietnam in 2017. The prime minister of Vietnam called it a “roadmap for the future of the Vietnamese economy”.


The World Economic Forum has said “In the next 10 years the Internet of Things revolution will dramatically alter manufacturing, energy, agriculture, transportation and other industrial sectors of the economy which, together, account for nearly two-thirds of the global GDP.” So what is the Internet of Things? In this talk we’ll first go thru a framework to help business and technical people understand the current and future state of the art. Software for the Internet of Things promises to be much different than the software we have built for the Internet of People.

While technology is interesting, how will it reshape enterprises that build machines and those that use machines? We’ll discuss how implementing an IoT strategy could easily double the revenues and quadruple the margins of any company that builds power, healthcare, agriculture, construction or transportation machines. Finally, precision machines promise to reshape our planet. Developing economies have the opportunity to leapfrog and build the farms of the future, or a distributed energy grid or a next generation healthcare system. We’re at the very beginning of a multi-decade journey, which Stanford students can participate in.

Lecture Notes

Precision presentation by Tim Chou, (pdf)