Internet of Things (IoT) - Trends, Challenges and Opportunities
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Industrial Talk at Faculty of Electrical Engineering, UiTM @ June 21, 2017
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Internet of Things (IoT) - Trends, Challenges and Opportunities
- 1. favoriot Internet Of Things - Trends, Challenges And Opportunities Dr. Mazlan Abbas CEO – FAVORIOT Sdn Bhd Email: mazlan@favoriot.com 21 Jun, 2017 - Dewan Kuliah C, Tingkat 6, Fakulti Kejuruteraan Elektrik, UiTM Shah Alam
- 2. favoriot What Do You See in Common?
- 3. favoriot The 3 Tsunamis of Internet Fixed Internet Mobile Internet Internet of Things (IOT)
- 4. favoriotGeneration-IoT: The Key to Business Survival in 21st Century A new generation of leaders, makers, thinkers, and doers is meeting that change with flexibility and optimism and transforming it into opportunity. 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. All are willing to learn and take risks and are good at building virtual teams internally and partnering externally. They are pioneers in IoT
- 5. favoriotGeneration-IoT: The Key to Business Survival in 21st Century They are eager to champion and drive these opportunities in their organizations. They know that in order to succeed they and their organizations need to adjust and re-learn, over and over again. These people know that IoT is not just one project, one training session, one change. These are the people who see the transformational power of IoT-driven processes, business models, and new revenue streams.
- 6. favoriot Understanding IOT What is Exactly Internet of Things?
- 7. favoriot Components of Internet Of Things (IoT) Things (Sensors & Actuators) Connectivity Data Analytics
- 11. 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
- 12. favoriot The Importance Of Getting Things Connected The need to connect assets
- 13. 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
- 14. favoriot Who Benefits From Connected Assets? Operating environment Other products “things” Maker Users Connected Assets
- 15. favoriot How Should I Think About IoT? Device connectivity & management Connecting insights back to business Analytics & operational insights
- 23. favoriot The Triple Benefits Of IoT Transforming Your Businesses
- 28. favoriot Transportation and Logistics IoT Solution Sensors in vehicles report the state of each vehicle PAYBACK COSTS Reduce truck operation and delivery system costs EFFICIENCY Reduced delivery disruptions Increased on-time delivery Optimized logistics systems
- 29. favoriot Oil & Gas IoT Solution Sensors placed throughout an oil rig enable operators to identify problems before they occur PAYBACK SAFETY Increased safety with earlier and more reliable warnings EFFICIENCY Real-time alerts Reduced time to oil extraction (faster to revenue) 4x asset utilization Full data use with near real- time analysis
- 30. favoriot Smart CityIoT Solution Connected devices improve a multitude of city services PAYBACK REVENUE Increased 20%+ COSTS Reduced operational expenses by 30%+ EFFICIENCY Increased planning efficiency Optimized personnel with more data QUALITY-OF-LIFE Improving citizen experience Improving safety and security
- 31. 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.
- 32. 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.
- 33. 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]
- 34. 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]
- 36. favoriot What If You Can Measure Your Activity?
- 37. favoriot What If You Can Have A Digital Diary?
- 39. favoriot Am I Having Enough Exercise?
- 41. favoriot Define Your Data… But What Data? How to Start Building Your First IoT Solution
- 42. favoriot
- 43. favoriot
- 45. favoriot Wisdom Knowledge Information Data More Important Less Important Evaluated understanding Appreciation of Answers to questions. Symbols Understanding Answers to questions WHO WHY HOW WHAT WHERE WHEN Value is Created by Making Sense of Data
- 46. favoriot Wisdom Knowledge Information Data More Important Less Important Understanding Example: Smart Parking N/A Empty (0), Full (1) Who park at this lot? What kind of vehicle? Where is the empty parking lot? When is the peak period? How to implement a tiered charging? How to find “overstayed” vehicles? Why my parking utilization is low?
- 47. favoriot Smart Parking Smart Parking With Sensors Location of Parking Availability Parking Utilization Tiered Pricing Parking
- 48. favoriot 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)
- 49. favoriot Smart Waste Management TIMELY SCHEDULE ALERT “I’M FULL” UNATTENDED GARBAGE RIGHT ROUTES
- 50. favoriot Home Health Transport OfficeWaste IOT Platforms - From Vertical To Horizontal Blending Data - Creating New Compound Applications
- 51. favoriot Who are the IOT players? IOT ECOSYSTEM
- 52. favoriot
- 53. favoriot Building IOT Solutions PARTNERING WITH FAVORIOT
- 54. 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
- 55. favoriot IOT Solution Brief Worksheet
- 56. favoriot IOT Solution Brief Worksheet - Example
- 57. favoriot Benefits of Using favoriot 1. Cloud-based platform (PaaS and SaaS) 2. Reduces time to market from months to weeks 3. Reduces the cost and risk of application development 4. Can be easily tailored for multiple business applications and different market segments 5. Capable of handling millions of devices, data streams and scale elastically 6. Simple business rule creation process 7. Easily handling data ownership for sharing and monetizing 8. As the platform evolves, you get new features easily
- 58. favoriot Gateway 3G/Ethernet/Wi-Fi IOT Devices IOT Devices 3G/Ethernet/Wi-Fi HTTPS Push/Pull Service Social Media Integration DEVICE CONNECTIVITY (REST, MQTT, CoAP) APPLICATION INTEGRATION DATA MANAGEMENT DATA STORE BUSINESS LOGIC NOTIFICATION ENGINE REST API Custom Reporting SECURITY BIG DATA TOOLS Application Development AUTHENTICATIO N Data Analytics
- 59. favoriot Examples of IoT Solutions
- 60. favoriot IoT Key Success Factors Embrace the Recipe for IoT Success
- 61. favoriot Operational Elements of IoT Success Start with strategy, planning, and preparation Build a diverse team Secure C-suite sponsorship Communicate and drive convergence
- 62. favoriot Operational Elements of IoT Success Rethink operations from the ground up Educate and train Design for flexibility Revisit repeatedly. IoT isn’t a once-and- done effort or project. It’s dynamic and always changing