The Internet of Things - What It Is, Where Its Headed and Its Applications
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This presentation covers the history of the IoT, its various phases in the Gartner Hype Cycle, why we should care about the IoT, specific industry segments, local Minnesota success stories and some closing thoughts... all on the Internet of Things. Interesting Google Trends and charts on future growth of the IoT are covered as key component as a well.
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The Internet of Things - What It Is, Where Its Headed and Its Applications
- 1. The Internet of Things What it is, where it’s headed and its applications Justin Grammens IoT Educator / Entrepreneur / Leader
- 2. What We Will Cover • About Me • What is the Internet of Things? • Hype Cycle and Current Trends of the IoT Today • Why Care? • Industry Segments • Local Success Stories & Community • Closing Thoughts
- 3. About Me • Entrepreneur and co-founder of Recursive Awesome & Code42 • Thought leader in emerging technology • Professor at the University of St. Thomas teaching on IoT • Mobile Twin Cities and Mobile March Conferences • Co-founder of IoTFuse : Non-Profit to promote IoT • Arduino.MN, IoTHackDay and IoTFuse Conference • IoTWeeklyNews - Newsletter covering IoT Trends
- 4. What is the IoT? • Formal: The Internet of Things (IoT) is the network of physical objects or "things" embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data. • Practical: Anything can be connected and communicate in an intelligent fashion. In other words, with the Internet of Things, the physical world is becoming one big information system.
- 5. Jason Silva - Shots of Awe
- 6. What is the IoT? • Kevin Ashton coined the term in 1999 at MIT • Originally focused on Radio Frequency Identification (RFID) • Root concepts similar to Machine to Machine communication (M2M) • Expands M2M to everything to creating automation in every field • Has now reached “hype” stage today.
- 7. Hype Cycle Phases Source: Gartner
- 8. IoT Hype Cycle Source: Gartner, 2015
- 12. Why Care? Investors are taking notice in the IoT
- 13. Why Care? The cost to compete is dropping every day
- 14. Why Care? • Google - Purchased Nest for $3.2 billion • Intel - $529 million revenue from IoT Division vs. only $51 million from mobile unit. • Apple - Homekit / HealthKit opportunities • Samsung - Purchased SmartThings for $200 million • IBM - Spending $3 Billion to build an IoT Division
- 15. Why Care? • Open hardware is having same effect as open source software • Arduino • Low Cost • Low Power • Well Supported • Excellent for LEAN prototyping
- 16. Why Care? • Major technology convergence occurring • Bigger than the explosion of mobile in 2007 • Cheap hardware and low cost of networks • Explosion of 3D printing for low volume runs • Low cost cloud infrastructure • Consumers appetite to track things • Standards starting to emerge - BLE, NFC, Zigbee • Ubiquity of mobile devices for data access
- 18. Where is it Being Applied? Software and Services are the growth channels
- 20. Source: Business Intelligence Industry Segments
- 21. Source: Business Intelligence Industry Segments
- 22. Minnesota IoT Successes $1.2 MM Kickstarter in 2012 Sold to Samsung for $200 MM in 2014
- 23. Minnesota IoT Successes $567,000 Kickstarter in 2013 $4.2 MM Series A in 2014 Rebranded as Particle.io
- 24. Minnesota IoT Successes Raised $627,000 in June, 2015
- 25. Minnesota IoT Successes Honeywell Taking on Google With Smart Thermostats and Security Systems
- 26. Minnesota IoT Successes $75,000 Kickstarter
- 27. Minnesota IoT Successes $700,000 in seed funding Selected into Microsoft Ventures Accelerator
- 28. Minnesota IoT Successes Winner of 2014 Minnesota Cup Competition
- 29. Minnesota IoT Successes $116,00 Raised on Kickstarter
- 30. Minnesota IoT Successes $165,00 Raised on Kickstarter Employees in Minneapolis and San Francisco
- 31. IoT Community Mission: This non-profit 501(c)(3) organization, based in Minneapolis, helps align the world toward a vision of where the Internet of Things is today, where it is headed in the future, and how technology can improve the physical world in which we live. We accomplish this through a yearly conference, hackathons and meetups dedicated to enabling IoT startups and innovation.
- 32. Final Thoughts • It might take time before people are comfortable and embrace the IoT. • Driverless elevator invented in 1900. The public hated it and some people died. • Added elevator drivers until a strike in NYC in 1945. • Industry convinced public that driverless was safe, but it took more than 50 years. • Hopeful that IoT is much faster. But it has been 15 years!
- 33. Final Thoughts • Industry must focus on key areas to increase adoption • Security • Data Silos • Interoperability • Create Applications Where It Make Sense • When you have a hammer, everything looks like a nail
- 34. Final Thoughts • Web 1.0 - Connecting People to the Internet ( Browser ) • Web 2.0 - Connecting People to People ( Social and Mobile ) • Web 3.0 - Connecting Objects to People and Objects to each other ( IoT )
- 35. Thank You Justin Grammens http://iotfuse.com Checkout our IoT Newsletter at: http://iotweeklynews.com