IoT Transformation and $19 Trillion Opportunity
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Internet became mainstream around 20 years ago and the rapid pace of technology development we have seen over these years is fascinating. We are now looking at the biggest revolution ever, in the world of connectivity - Internet of Things (IoT). Everything we can think of around us - at home, work, in the car, or at a retail store -- will be interconnected, exchanging data and information, thus leading to an extremely intelligent network of things. It will lead to richer user experience, improved efficiencies and higher collaboration across the ecosystem. Exciting times await us...
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IoT Transformation and $19 Trillion Opportunity
- 1. The Internet of Things Sandeep Kishore Corporate Vice President Engineering and R&D Services HCL Technologies March 19th, 2014 @ Wharton
- 2. IoT Video
- 3. Internet of People Internet of People, 2010 People connected to internet People connected to internet + Things connected to internet + Things connected to things World population – 6.8B Connected Devices – 12.5B (1.83x) World population – 7.6B Connected Things – 212B (27.89x) Reference: IDC, Analysys Mason Internet of Things Internet of Things, 2020
- 4. Measure Communicate What’s driving the IoT … What are the elements AnalyzeCollaborate Identity, Provisioning, Security, Trust Moore’s Law Koomey’s Law Metcalfe’s Law Internet of Things
- 5. IoT opportunities – The scale 2010 2020 60% 40% Consumer Industrial 25B 100B 200B Wired, wireless, satellite, M2M GPS, RFID, sensors, actuators, embedded / compute devices Middleware, applications, analytical engine Implementation, custom solution, ecosystem Number of connected things HardwareNetworkSoftwareServices $19TOpportunities* *over next ten years Reference: Cisco, HCL analysis
- 6. How does $ 19 Trillion add up 45% $8.6T Things connected to things 32% $6.1T People connected to internet 23% $4.3T People connected to things Reference: Cisco Manufacturing, Retail Finance, Information Services Consumer, Healthcare, Infrastructure
- 7. IoT Categorization Experiential Hyper Personalization, Augmented Reality etc. Basic Needs Heating / Cooling, Safety etc. Rule Based Industrial IoT : Assembly line, Smart cities etc. Incident Based Consumer IoT: White goods, Cars etc.
- 8. Enhanced Situational Awareness Example : Hyper Personalized Retail Today Tomorrow Recommendations Deals Navigation Predictive Shipping Augmented Reality Dark Stores Customization Omni Channel
- 9. Sensor Driven Decision Analytics Today Tomorrow Example : Connected Cars Engine diagnostics Infotainment Traffic forecast Identification Vehicle to vehicle Remote updates Driverless cars Vehicle to infrastructure Driver safety Pedestrian safety
- 10. Process & resource optimization Today Tomorrow Example : Automated Plant Floor Enhanced Visibility Proactive Maintenance Robots Artificial Intelligence Crowdsourced Troubleshoot 3D printed parts Upgrade through bridge smart Self assembly machines
- 11. Complex autonomous systems Tele Health Wearables Robot Assisted Surgeries Intelligent Assisted Living Today Tomorrow Automatic Surgeries Always On Healthcare Edible Sensors in Pills 3D Printed Organs Example : Healthcare Services
- 12. To Summarize Connected things will grow faster, will become 2/3rd of the total IoT market by 2020 IoT , $ 19 Trillion dollar opportunity in the next 10 years Across industries, IoT will improve human life and significantly improve productivity
- 13. $6.3 31 90000 TRUST TRANSPARENCY & FLEXIBILITY VALUE CENTRICITY EMPLOYEES FIRST IDEAPRENEURSHIP Engineering Services 16.9% Enterprise Application Services 17.3% IT Application Services 28.4% Infrastructure Services 33.1% Business Services 4.3% HCL Overview BILLION COUNTRIES PEOPLE
- 14. Engineering partner for Global Brands 125+ engagements with world’s leading software company 35+ products engineered till date, $10+B revenue impacted Software platform designed for 8 product series for with world’s leading consumer electronics brand, 95% of SQA on 110 products impacting $4+B in revenue 10+ products developed end to end for global leader in medical devices $1B business enabled through next generation products engineered by HCL Software developed that certifies products worth more than $30B annually for a leading aerospace company . 38% of onboard software on 787 has HCL’s involvement End to End Product Engg. with a global telecom leader for 12 Product Lines on revenue sharing mode, 75 patents filed by HCL Engineers Complete product development across 8 Printer product families Emerging Market Design, Supplier Sourced Innovation 14
- 15. • 225+ customers • $40 B+ product revenue enabled • 3 US based Engineering Development Centers with 50% local employees / 20+ Offices North America • 50+ customers / 4 Regions in Europe • 15 of 50 Top Tier R&D companies are HCL’s Customers • 1 Europe Development Center, 80% local employees Europe • 25+ customers / Focus industry verticals: CE, Medical & Office Automation ; Auto and Industrial • Japan dedicated, Multi-lingual engg. / engagement teams / 2 Offices, Tokyo and Osaka Japan • $25+ M investment in engg. labs • ~ 100 development centers, dedicated and shared • 6 locations, 15,500+ engineers, among the largest engg. strength globally India • by 18,500 HCL ERS engineers across 4 continents ; 3000 outside India • for 300+ active engineering customers • at 75 active Offshore Development Centers with dedicated labs, 22 shared labs HCL ERS : Creating Business Impact #1 : Global Engineering Services Provider in terms of size with over 18,500 FTEs
- 16. Thank You
Editor's Notes
- computer network equipment entertainment & media equipment whitegoods HVAC and control sys 2010 75% 5% 10% 10% 25% 20% 20% 35% http://inlatest.com/20101030192/internet The Internet of People refers to the state where the primary connection to the internet are people with their plethora of devices. These are not autonomous devices but are controlled by actions taken by human being. E.g. personal devices, entertainment systems, phones etc “The Internet of Things,” states a recent McKinsey report, “refers to the use of sensors, actuators, and data communications technology built into physical objects—from roadways to pacemakers—that enable those objects to be tracked, coordinated, or controlled across a data network or the Internet.”
- http://www.mondaynote.com/wp-content/uploads/2013/11/echelin-ioT.png?d81f8f
- Self-Directed systems are designed to be operated by as few humans as possible. Rules are changed infrequently, they are only changed after careful consideration, and, increasingly, they are changed on-the-fly while a system is in full operation. Interactive systems are designed for humans to change the rules frequently, and sometimes capriciously, either through downloading new rules (apps) or by devices and systems adapting to human behavior in real-time. Interactive systems are often inoperable while new rules are loaded onto a device, and we humans tolerate that behavior. Process optimization: Repetition, precision, assurance. We depend on Operations devices to do a job, and we notice when they fail to do their intended job. Factory automation and robotics fall into this category, as do the jet engines GE builds. These devices send a rich stream of sensor data to back-end analytics systems, which then preemptively alert maintenance techs that they require servicing. Autonomous systems: Monitoring embeds sensors into our infrastructure, so that we can figure out what’s happening. The sensor data is analyzed to figure out how to better maintain a system or to improve its efficiency. But these improvements are externally imposed on the local environment and most often are completely decoupled in time and methodology from the sensor systems used to gather system performance data Sensor driven: Major appliances like refrigerators, residential air conditioners, dish washers and laundry washers and dryers, from manufacturers like Whirlpool and Bosch, automate more fundamental human needs. People use them every day as part of the infrastructure of their life. In a mature economy we need to wash and dry our clothes on a regular basis, have clean dishes, heat and/or cool the air, etc. Experience: This is an aspirational segment, and in many respects this is a first-world segment – people spend their hard earned time and money on these products simply to feel good or to feel good about themselves. For example, fitness tracking systems like Fitbit’s Flex, SYNC Burn, and Nike’s Fuel start with a “wearable” HIoT bracelet that contains accelerometers and a simple device-control user experience.
- Predictive Shipping: the set of customers buying from a local store stay largely same across time, advanced analytics will be used to understand and track their choices better and have the products they might buy ready. Combined with tracking their online buying behavior will increase sales/ store significantly Dark Stores: Underperforming stores will be converted to digital stores that will just showcase products and ships same day to your home on purchase (http://chainstoreage.com/article/retail-2020-seven-trends-impacting-brick-mortar-retailers) Augmented reality: stores will be able to showcase much more than their inventory through occulus rift kind of augmented reality. Will reduce store space required/ warehouse size and yet increase sales/ store. Benefits will be passed on to the customer but not as generic discounts but individualized offers 2010 – 2020 growth CAGR http://www.pwc.com/en_US/us/retail-consumer/publications/assets/pwc-retailing-2020.pdf http://uk.kantar.com/business/retail/online-retail-in-2050/
- http://www.positivefuturist.com/archive/345.html Nanomedicine – Smaller than blood cells, these tiny intelligent machines cruise through veins, destroy pathogens, locate damaged cells and make instant repairs. In a recent blog, Institute for Molecular Manufacturing's Senior Research Fellow, Robert Freitas describes how this science works and predicts when treatments might become available. In a typical nanomedicine therapy to stop infection, patients swallow a pill with 100 billion nanobots inside that search the body for unwanted bacteria, viruses, or fungi and immediately render them harmless. When finished, an ultrasound instructs the 'bots to exit the body through urine. The entire procedure takes about 30 minutes and leaves the patient healthy and infection-free. In addition, these clever machines can replace faulty chromosomes in diseased cells with new ones. Armed with knowledge of the patient's genome, nanobots find cells with DNA mistakes and create perfect error-free cells to replace them. This keeps patients in perfect health 24/7. Possibly one of the more important applications for nanobots includes removing accumulated cellular damage and mutations that cause aging. This procedure will enable many of todays 'boomers and seniors to recapture their youthful health, strength, and beauty. The young will remain young; the old will become young. Nanomedicine promises to change forever how we treat sickness and disease. When might this futuristic science become available? Freitas believes that nanobots could appear in clinical trials by mid-2020s and will be saving lives everywhere by 2030.
- http://www.positivefuturist.com/archive/345.html Nanomedicine – Smaller than blood cells, these tiny intelligent machines cruise through veins, destroy pathogens, locate damaged cells and make instant repairs. In a recent blog, Institute for Molecular Manufacturing's Senior Research Fellow, Robert Freitas describes how this science works and predicts when treatments might become available. In a typical nanomedicine therapy to stop infection, patients swallow a pill with 100 billion nanobots inside that search the body for unwanted bacteria, viruses, or fungi and immediately render them harmless. When finished, an ultrasound instructs the 'bots to exit the body through urine. The entire procedure takes about 30 minutes and leaves the patient healthy and infection-free. In addition, these clever machines can replace faulty chromosomes in diseased cells with new ones. Armed with knowledge of the patient's genome, nanobots find cells with DNA mistakes and create perfect error-free cells to replace them. This keeps patients in perfect health 24/7. Possibly one of the more important applications for nanobots includes removing accumulated cellular damage and mutations that cause aging. This procedure will enable many of todays 'boomers and seniors to recapture their youthful health, strength, and beauty. The young will remain young; the old will become young. Nanomedicine promises to change forever how we treat sickness and disease. When might this futuristic science become available? Freitas believes that nanobots could appear in clinical trials by mid-2020s and will be saving lives everywhere by 2030.
- http://www.positivefuturist.com/archive/345.html Nanomedicine – Smaller than blood cells, these tiny intelligent machines cruise through veins, destroy pathogens, locate damaged cells and make instant repairs. In a recent blog, Institute for Molecular Manufacturing's Senior Research Fellow, Robert Freitas describes how this science works and predicts when treatments might become available. In a typical nanomedicine therapy to stop infection, patients swallow a pill with 100 billion nanobots inside that search the body for unwanted bacteria, viruses, or fungi and immediately render them harmless. When finished, an ultrasound instructs the 'bots to exit the body through urine. The entire procedure takes about 30 minutes and leaves the patient healthy and infection-free. In addition, these clever machines can replace faulty chromosomes in diseased cells with new ones. Armed with knowledge of the patient's genome, nanobots find cells with DNA mistakes and create perfect error-free cells to replace them. This keeps patients in perfect health 24/7. Possibly one of the more important applications for nanobots includes removing accumulated cellular damage and mutations that cause aging. This procedure will enable many of todays 'boomers and seniors to recapture their youthful health, strength, and beauty. The young will remain young; the old will become young. Nanomedicine promises to change forever how we treat sickness and disease. When might this futuristic science become available? Freitas believes that nanobots could appear in clinical trials by mid-2020s and will be saving lives everywhere by 2030.