Internet of Things - We Are at the Tip of an Iceberg
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Industrial Talk at Universiti Teknikal Malaysia Melaka May 24, 2017
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Internet of Things - We Are at the Tip of an Iceberg
- 1. favoriot Internet of Things (IoT) - We Are at The Tip of An Iceberg Dr. Mazlan Abbas Chief Executive Officer favoriot
- 2. favoriot Understanding IOT What is Exactly Internet of Things?
- 3. favoriot Components of Internet Of Things (IoT) Things (Sensors & Actuators) Connectivity Data Analytics
- 4. favoriot How Should I Think About IoT? Device connectivity & management Connecting insights back to business Analytics & operational insights
- 8. 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
- 10. favoriotForecast IoT Connections in UK © Cambridge Consultants 2017
- 11. favoriot The Importance Of Getting Things Connected The need to connect assets
- 12. 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
- 20. favoriot The Triple Threat Of IoT Benefits of IoT
- 25. 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.
- 26. 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 Oil, gas, and mining In five years, it is predicted that 5.4 million IoT devices will be used on oil extraction sites. BI Intelligence said that these devices will primarily be internet- connected sensors used to provide environmental metrics about extraction sites. [Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
- 27. favoriot Market Potential 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. [Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v] Defense We estimate spending on drones will reach $8.7B in 2020. In addition, 126K military robots will be shipped in 2020, according to Frost & Sullivan.
- 28. 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] Food Services With the world population on the rise, IoT will help to keep food production levels at good pace. BI Intelligence estimates 75 million IoT device installations for agricultural uses by 2020, at a 20% CAGR.
- 29. favoriot Market Potential Utilities Energy companies throughout the world are trying to meet the rising demand in energy. To do this, they will be installing nearly 1 B smart meters 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] Hospitality 31% of hotels use next-generation door locks, 33% have room control devices, 16% have connected TVs, and 15% use beacons throughout the hotel, according to Hospitality Technology’s 2015 Lodging Technology survey.
- 30. favoriot Market Potential Infrastructure We estimate municipalities worldwide will increase their spending on IoT systems at a 30% CAGR, from $36B in 2014 to $133B in 2019. This investment will generate $421B in economic value for cities worldwide in 2019. Retail Beacons, paired with mobile apps, are being used in stores to monitor customer behavior and push advertisements to customers. In the US, we estimate $44.4B will be generated from beacon triggered messages. [Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
- 31. favoriot Market Potential Logistics Tracking sensors placed on parcels and shipping containers will help reduce costs associated to lost or damaged goods. In addition, robots such as Amazon Kiva robot, help reduce labor costs in warehouses. Banks There are nearly 3M ATMs installed globally in 2015, according the World Bank. Some teller-assist ATMs provide live-stream video of a teller for added customer support. [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 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]
- 33. favoriot Define Your Data… But What Data? How to Start Building Your First IoT Solution
- 34. favoriot
- 35. favoriot
- 37. 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
- 38. 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?
- 39. favoriot Smart Parking Smart Parking With Sensors Location of Parking Availability Parking Utilization Tiered Pricing Parking
- 40. 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)
- 41. favoriot Smart Waste Management TIMELY SCHEDULE ALERT “I’M FULL” UNATTENDED GARBAGE RIGHT ROUTES
- 42. favoriot Home Health Transport OfficeWaste IOT Platforms - From Vertical To Horizontal Blending Data - Creating New Compound Applications
- 43. favoriot Who are the IOT players? IOT ECOSYSTEM
- 44. favoriot
- 45. favoriot IOT Value Chain Where is the Money?
- 46. favoriot IoT Value Chain – Where Is The Money? Smart Objects Network Provider Platform Provider Application Provider • No. of devices • Edge devices/sens ors • Gateways • System Integration • …. • SIM-Cards • Fixed Line • Data Bundled packages • Data Speed • SMS/MMS • Dedicated APN • Fixed IP • Voice/Data • … • No. of connected devices • Data streams • Storage • API Keys • Email/SMS APIs • Support Type • …. • No. of dashboards • No. of users • No. of data sources • Consulting • Types of Analytics (Basic/Adva nced) • …. Hardware Vendor • Chipsets • Sensors • Actuators • ….
- 47. favoriot Importance of IOT Middleware Building Your IoT Solutions
- 48. 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
- 49. favoriot Benefits of Using IOT Middleware 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
- 50. favoriot Gateway 3G/Ethernet/Wi-Fi IOT Devices IOT Devices 3G/Ethernet/Wi-Fi HTTPS Push/Pull Service Social Media Integratio n 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