Are We Ready for IoT Now? Or Risk Being Left Behind
1. favoriot
Are We Ready
for IoT Now?
Or Risk Being
Left Behind.
Dr. Mazlan Abbas
Chief Executive Officer
favoriot
Kulliyah of Engineering
IIUM Gombak, 27 Sept. 2017
2. favoriot
Business Survival in 21st Century
• Every 3 to 7 years, organizations need to reinvent
themselves
• According to The Boston Consulting Group - S&P 500
Companies from 50 years ago – only 19% are still in
existence
16. favoriot
Why IoT Is At An Inflection Point?
Hardware
is cheap
Connectivity
is pervasive
Moore’s Law
continues
Metcalfe’s Law
”Network
Effects”
Development
is easy
18. favoriot
I need to
maintain the
quality of my
goods.
Who is the
intruder?
Can I reduce
my electricity
bill?
Am I
healthy?
When is my
next bus?
Where can I
park?
Monitoring of Assets – Typical Everyday
Questions
What IF we can connect ALL these assets and get the answers to ALL these questions?
The Need To Connect Assets
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Who Benefits From Connected Assets?
Operating
environment
Other products
“things”
Maker
Users
Connected Assets
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Construction Business
Reduce rental
costs – send
under-used
equipment where
it is needed
Track all assets –
never lose
expensive
equipment again
Show alerts and
order
replacements
before equipment
breaks down
Extend the lifetime
of your assets with
informed decisions
29. favoriot
Market Potential
Transportation
Connected cars are a top IoT device. We estimate
there will be over 220M connected cars on the road
by 2020.
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
Insurance
A survey has found that 74% of insurance executives
believe the IoT will disrupt insurance within the next
five years. 74% also plan to invest in developing and
implementing IoT strategies by 2016, according to an
SMA Research survey.
30. favoriot
Market Potential
Connected Home
Smart meters are already a reality, and from the 313
million installed in homes worldwide in 2013, Navigate
Research predicts that number to jump to 1.1 billion by
2022
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
Agriculture
We estimate 75M IoT devices will be shipped for
agricultural uses in 2020, at a 20% CAGR. These devices
are primary sensors placed in soil to track acidity levels,
temperature, and variables that help farmers increase
crop yields.
31. favoriot
Market Potential
Healthcare
We estimate 646M IoT devices will be used for
healthcare by 2020. Connected healthcare devices
can collect data, automate processes, and more.
Smart Buildings
43% of building managers in the US believe the IoT will
affect how they run their building within the next 2 to 3
years, according to a survey from Daintree Networks.
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
32. favoriot
Market Potential
Manufacturing
35% of manufacturers already use smart sensors. 10%
plan to implement them within a year, and 8% plan
to implement them within 3 years, according to PwC
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
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Wisdom
Knowledge
Information
Data
More
Important
Less
Important
Understanding
Example: Smart Waste Management
N/A
Who is collecting the garbage?
What is the status of the garbage bin?
When was the garbage collected?
Where is the location of the full bin?
How to plan the route of the trucks?
How many days till the next
collection?
Why the garbage truck not picking
the garbage?
Why a particular area is full of
garbage?
Empty (0), Full (1)
46. favoriot
Delivering The Whole IOT Puzzle
Internet
Biometric
Ultrasonic
Temp
Humidity
Pressure
Motion
Position
Light
Image
Motor
Switch
Lighting
Valve
SensorsActuators
IOTPlatform
Analytics
Applications
WiFi
2G/3G/4G
LoRa
SigFox
An IoT platform is able to connect to devices and sensors in real time,
process data and drive big-data analytics in the cloud.
NB-IOT
48. favoriot
Key Features of favoriot Platform
Three (3) Pricing
Plans:
(1) Beginner
(2) Startup
(3) Business
You can easily create
multiple projects,
applications, groups,
and devices.
You can easily
verify and see the
data that streams
through FAVORIOT
platform.
You can create a
simple dashboard to
visualize your sensor
data.
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Key Features of favoriot Platform
You have the ability
to geotagged and
see all your data
plus monitored
assets on Google
Map.
We provide full
documentation
regarding how to use the
REST API and Tutorials on
how to connect Arduino
and Raspberry Pi to
FAVORIOT
We supported
Bash, Python,
Javascript or Java.
Jumpstart your first IoT
application by
connecting Raspberry Pi
or Arduino. Sample
codes provided.
52. favoriot
• Wearable device to monitor the elderly
people vital signs such as heart rate, steps,
Blood Pressure*, ECG, location*, fall cases
and others
• Offered with Favorwatch mobile
application to monitor the elderly
• Based on annual subscription
• Optional features* will include but not
limited to:
• Health professionals*
• Pharmacy*
• Care givers*
• Elderly care centers*
• Hospitals*
favorwatch
*Coming Soon
59. favoriot
They are willing to learn and take risks and are good
at building virtual teams internally and partnering
externally.
60. favoriot
You can recognize these new winners not by their
age or their titles—but by their ability to build and
deploy agile, flexible business solutions.
61. favoriot
A new generation of leaders,
makers, thinkers, and doers is
meeting that change with
flexibility and optimism and
transforming it into opportunity.
62. favoriot
These are the people who see the transformational
power of IoT-driven processes, business models,
and new revenue streams.