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Internet of things - Business Opportunities in the Connected World

Internet of Things (IoT) is next biggest thing since the birth of the Internet. It is going to impact our lives and businesses beyond anyone’s imaginations.

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Internet of things - Business Opportunities in the Connected World

  1. 1. Business Opportunities in the Connected World
  2. 2. BBQ Anyone?
  3. 3. No Gas! ARGH…
  4. 4. Smart Auto-Refill
  5. 5. Evolution of Internet
  6. 6. Web 1.0 – Internet of Information
  7. 7. Web 2.0 – Internet of People
  8. 8. Web 3.0 – Internet of Things
  9. 9. Internet of Things?
  10. 10. Sensor Connectivity Processing Building Blocks of IoT
  11. 11. Electronic Senses Image: educatingplanet.com
  12. 12. Data Coverage Image: 3gamericas.org
  13. 13. Compute Power Year: 1969 Year: 2015
  14. 14. What’s New?
  15. 15. NASA Rover
  16. 16. It’s raining cash in Silicon Valley again… Time Magazine Feb, 2015
  17. 17. Forces of Acceleration Smaller, Cheaper, Accurate Smaller, Powerful, Pervasive Everywhere: Cellular, Wi- Fi, Bluetooth Open-Source, Scalable, Accessible
  18. 18. Wired and Hooked
  19. 19. Flood of Consumer Gadgets
  20. 20. Device Sales Web 1.0 Web 2.0 Web 3.0 300 mil PCs/Year 1 bil Smartphones/Year 50 bil Smartdevices/Year
  21. 21. IoT Marketshare by 2020 $11 Trillion 20202015 US$ Trillions 2 4 6 8 10 12
  22. 22. Current IoT Trends Consumer 40% Transport 8%Health 5% Buildings 21% Cities 27%
  23. 23. Adoption of IoT in Business
  24. 24. Painkillers Downtime Cost: $7 MM/Well/Per Week $150 MM Annual Losses for Mid-size LNG Facility
  25. 25. Efficiencies
  26. 26. Competitive Advantages
  27. 27. IoT Applications
  28. 28. Transportation
  29. 29. Smart Cities
  30. 30. Smart Energy Healthcare
  31. 31. Smart Energy
  32. 32. Capacity Management
  33. 33. Inventory Management
  34. 34. Environmental Feedback
  35. 35. Disaster Response
  36. 36. Care
  37. 37. • Performance • Maintenance • Utilization • Feedback • Automation • Planning • Forecasting • Optimization Bringing “Things” to Life
  38. 38. Challenges in IoT Security PrivacyInteroperability
  39. 39. “The future is already here — it's just not very evenly distributed.” — William Gibson
  40. 40. Thank you! @Jag_Randhawa Author of THE BRIGHT IDEA BOX www.TheBrightIdeaBox.com

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Internet of Things (IoT) is next biggest thing since the birth of the Internet. It is going to impact our lives and businesses beyond anyone’s imaginations.

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