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On Tuesday, June 28th, GE Global Research hosted a free webinar discussing the way that global connectivity and collaboration is affecting the business world.

On Tuesday, June 28th, GE Global Research hosted a free webinar discussing the way that global connectivity and collaboration is affecting the business world.

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The Internet of Things The Internet of Things Presentation Transcript

  • The Internet of Things Business Transparency in the “Systems Age”
    Joseph James Salvo, Ph.D
    Manager, Business Integration Technologies Laboratory
  • GE Global ResearchSoftware Webinar Series“The Internet of Things”
    • Turn up the volume on your computer to hear the audio.
    • Any questions, please message Rebecca Norton.
    • Join the conversation on Twitter using the hashtag#GEsoftware
  • Meet today’s presenter
    Joseph James Salvo, Ph.D
    Manager,Business Integration Technologies Laboratory
  • GE … a heritage of innovation
    • Founded in 1892
    • 330,000 employees worldwide
    • $173 billion in annual revenues
    • Only company in Dow Jones index originally listed in 1896
  • Global Research: market-focused R&D
    • First US industrial lab
    • Began 1900 in Schenectady, NY
    • Founding principle … improve businesses through technology
    • One of the world’s most diverse industrial labs
    Cornerstone of GE’s commitment to technology
  • 3,000 technologists strong
    Global Research Center
    Niskayuna, NY
    India Technology Center
    Bangalore, India
    China Technology Center Shanghai, China
    Global Research Europe
    Munich, Germany
    Brazil Technology Center
    Rio de Janeiro, Brazil
  • The Internet of Things Business Transparency in the “Systems Age”
    Joseph James Salvo, Ph.D
    Manager, Business Integration Technologies Laboratory
  • Why Now…
    Global Events Demand Transparency and Trust.
    India
    IT/engineering
    China
    Low cost mfg
    Tech Transfers
    Massive
    Infrastructure
    Build
    E-services
    Digitization
    Capital & Goods
    US
    Brands &
    Distribution
    Europe
    Large Open
    markets
    Global connectivity enables a new knowledge economy
  • Global Macroeconomic Drivers: Details Changing Fast
    Russia
    Raw materials
    Domestic
    market
    Retail sales reform
    Outsourcing
    New market
    Venture capital
    Retail sales reform
    China
    Hi TechMfg
    India
    Low cost
    IT/engineering
    Robotic
    Factories
    Silicon fab
    Tech Transfers
    Brazil
    Sudan
    Africa
    E-services
    Digitization
    Capital & Goods
    US
    Brands &
    Distribution
    Europe
    Large Open
    Markets
    Export high tech-high value to China
    Small business creation
    New business models
    Social contract questioned
    Outsourcing
    Business systems are global and vulnerable
    Oil pricing, Regulations, Natural Disasters
  • During the last ten years we have connected the people of the world to each other.
    • Snail Mail a billion pieces per day
    • Cell Phones 3.3 billion
    • The Internet 1.4 billion users
    • Text Messaging 142 billion/yr.
    • Blogs 112.8 million
    • IPOD’S 100 million, RSS Feeds
    • IPad’s millions sold in first month
    Information and data is abundant, ubiquitous and “overwhelming”.
  • The Information Explosion is Just Beginning.
    Today:
    IPv4 supports 4.3×109 (4.3 billion) addresses, which is inadequate even if only one address goes to every living person.
    Tomorrow:
    IPv6 supports 3.4×1038 addresses.
    Every object that can be labeled will be.
    Earthgrid of 1mm spacing = room for 1018 tags per node
    Next:
    We will connect many objects to each other via hierarchical networks.
  • The Evolution of Connectivity
    Machine-to-Machine Decisions,
    Artificial Intelligence
    1 Trillion Assets
    Brain
    Business Tool, Payment System, Personal Assistant & Entertainment Device
    Value
    Value
    Functionality
    Functionality
    Connecting People to People
    Connecting Assets to Assets
    Interoperability
    2.3 Billion
    Interoperability
    Interconnectivity
    500 Million
    Interconnectivity
    50 Million
    Box
    1985
    2000
    2010
    Products Morph into Decision Systems that Learn and Integrate Information from Divergent Sources
  • The End of the “Information Age”
    • Information content is readily available, commoditized and can be downloaded wirelessly to a variety of mobile memory devices.
    • Contradictory information is available from multiple outlets in real time.
    • The world is awash in so much information and content that without Powerful Decision Systemsto store, sort, validate and manage the data, people and businesses become paralyzed with confusion.
    Welcome to the “Systems Age”!
  • The New World Order: Global Business Networks
    “The need of a constantly expanding market for products chases the (businessman) over the whole surface of the globe. He must nestle everywhere, settle everywhere, establish connections everywhere. ….(until) All old established national industries have been destroyed or are daily being destroyed. They are being dislodged by new industries, whose introduction becomes a life and death question for all civilized nations, by industries that no longer work up indigenous raw material, but raw material from the remotest zones; industries whose products are consumed, not only at home, but in every quarter of the globe.”
    - Karl Marx, 1848
    “The world is flat” - Thomas Friedman
  • In the “Industrial Age”
    Thomas Edison provided private 2-dimensional electrical distribution grids
    Manhattan late 1800’s
    In the Hyper-Networked
    “Systems Age”
    Smart-Grid provides
    real-time decisioning and
    customer collaboration
    Digital objects will coordinate decisions
  • Metcalfe’s Law: ethernet, cell phones, telematics
    The value of a network of N devices scales to roughly N2.
    Source: Metcalfe’s Law Recurses Down the Long Tail of Social Networking, By Bob Metcalfe http://vcmike.wordpress.com/2006/08/18/metcalfe-social-networks/
    The value of a network exceeds its cost at the critical point.
  • People create extensive networks
    People centric Internet and cellphone networks connect billions of people and information
  • Next up:Machine to machine networks will become collaborative
    Big Dog
    Boston Dynamics
    PackBot iRobot
    Do you really know who your computer’s “friends” are?
  • Why is GE interested in Networks?
    GE maintains enormous transportation, financial, healthcare and information networks
    • Millions of fleet vehicles, cargo containers, trailers
    • Thousands of power plants, aircraft and locomotives
    GE needs to manage billions in assets while moving more than $1 trillion in goods.
  • Caution: A networked world
    built on brittle assumptions
    leads to global resets.
    Forecasts and predictions
    Don’t always anticipate
    Black Swan events
    Rare events may disrupt
    the “equations”
    Build systems that predict, observe and adjust in near real-time.The world is only deterministic in part.
  • Practical examples:Do you know where your trailer, railcar or container is…and what’s inside…?
  • Strategic Collaborations in Network Transparency
    ORLANDO, FLA. - MARCH 13, 2006 - Wal-Mart Stores, Inc. (NYSE: WMT) and the Trailer Fleet Services division of GE Equipment Services have announced an agreement whereby GE will supply Wal-Mart with trailer tracking technology for its fleet of 46,000 over-the-road trailers.
    The satellite based tracking system helps to manage billions of dollars of deliveries every week
  • Network Geo-Analytics create value
    • Security
    • Fuel conservation
    • RFID Inventories
    • Load balancing
    Apply Geo-Analytics to Ever Expanding Asset Pools Network to Create Unprecedented Service Offerings
  • Portfolio of Service Products
    Cars and trucks
    Infrastructure Services
    Portfolio Optimization
    Recovery Planning
    Real-Time Routing
    Locomotives
    Local Decisioning
    Planning Optimization
    Create value through modeling, simulation and optimization
  • Accurate, timely shipment - Not a NEW problem
    Letter of complaint regarding improper grade of copper shipped via Gulf Logistics Company: 1750 B.C.
    Letter is certified with personal seal of witness (Shamash-Ilwir, son of Lalum)
    Source: British Museum, London
  • GE Wind
    Clean sustainable electrical networks being built
  • Real-time Location
    Timely Alerts
    Know where the assets are
    Know how they are used
  • The World Needs Transparent Logistics Networks
    Current Demands- Mobile asset tracking plus RFID Systems
    Big Box Retail Sector - Wal-Mart, Target 100,000+ SKU’sU.S. DOD - Military FDA - Pharma
    Food Scares- Salad, Spinach, Ground Meat, Tomatoes, EggsHealth Risks- Bird Flu, Mad Cow, Heparin, Milk, Pet Food
    “Who steals my purse, steals trash, but he that filches from me my good name robs me of that which not enriches him and makes me poor indeed.”
    William Shakespeare
    Need Farm-to-Fork transparency!
    Must Soon Label and Track Trillions of Objects
  • Data creation will accelerate with the proliferation of RFID, M2M interactions, and low cost video capture
    • As intelligent machines begin to converse directly with each other the traditional methods of data storage and management will be overwhelmed.
    • Near real time decisions will be made at the edge and machine consciousness will be used to help decide what should be remembered and what is best to forget.
    • The low cost and volume of data outstrips the value of transporting, sorting and storing it.
    Time-to-value-capture is the new data metric
  • The Singularity
    When machine capability exceeds
    human cognitive capacity
  • Computing power and cost will enable human level cognition by 2020(Given the correct architecture)
    Ray Kurzweil
    The Singularity
    is near
    The $1000 brain by 2020
  • Better to forget than remember
    • The commoditization of most physical asset classes characterized the late 20th century.
    • The explosion of digital content in the 21st century will likewise change the perceived value of pure data in all its discrete forms.
    • Due to speed and cost considerations, fuzzy memories will evolve and prove to be more valuable than exhaustive searches through mountains of details for perfect recall.
    • A consciousness that blends today's experiences with memories in “brain-space” will be recruited to due likewise “in silico”.
    Evolution doesn’t select for memory but survival
    of the fittest. In an unpredictable networked world
    conscious decisioning will shine.
  • Cyberphysical systems and GEInterface Asset ID, tracking technology and Big Data analysis with Business Process Management SystemsTake advantage of the Metcalfe effectCreate a variety of cognitive architectures and tools to create distributed decisioning systems
    Helping to create an intelligent “Internet of Things”
  • Networking can make a big difference.
    A world without networks can be very dark
  • Learn more!
    GE Global Research website
    www.ge.com/research
    Edison’s Desk – GE’s longest running blog
    www.edisonsdesk.com
    Edison’s Desk on Twitter
    twitter.com/edisonsdesk
    Youtube account
    www.youtube.com/grcblog
    GE’s Genius of the Day
    www.ge.com/genius
    We’re on Facebook too!
    Engage with GE scientists and engineers
    about innovation and science
  • Many ways to apply!
    www.ge.com/research
    www.gecareers.com
    @GEresearchJobs
    www.facebook.com/GEGlobalResearchCareers
  • Please join us for the rest of the Software Webinar Series
    Supercomputing for Engineering & Scientific Discovery July 12th at 3:00 p.m. ET
    Social Media and CollaborationAugust 10th at 3:00 p.m. ET
    Enabling Distributed Action in Energy and Other Networks August 24th at 3:00 p.m. ET