Local computing is the original Wintel party line, he's reflecting Intel's wish to go back to glory days.
Better cloud argument can be made from a made up Big Brother horror story, like Amazon or Apple or Google or Microsoft monitoring your internet preferences.
When Shekhar Borkar talks, the world listens. It is evident that issues related to ultra low submicron CMOS technologies will keep the power burning. But I am confident we can get this sorted out in the next few years.
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.