What does IoT mean for Enterprise?
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Today we have an amazing opportunity, an opportunity to take a look into the future The Internet of Things is here and it’s going to be important. It’s going to have serious impact on every aspect of our lives as an individual or as an enterprise or even nationally Dive into this presentation to find out what is IoT? Why is it so big , important and impactful? Hope you will like it and share with your connections. You can get in touch with me at kho_ss@yahoo.com for any comments.
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What does IoT mean for Enterprise?
- 1. What does THE IOT mean for ENTERPRISES ?
- 2. REVOLUTION
- 6. things = stuff, objects
- 7. The Internet of Things (IoT) is a computing concept that describes a future where everyday physical objects will be connected to the Internet and be able to identify themselves to other devices. “ ”
- 8. It describes a world where just about anything can be connected and communicate in an intelligent fashion. “ ”
- 9. The Internet of Things is when your milk carton will tell you it’s running low and it’s time to buy a new pack.
- 12. It is a combination of sensors, connectivity and people/processes. Sensors Connectivity People / Processes
- 13. IoT connects billions of sensors and devices all over the world Geo localization Visual inputs Audio inputs Temperature changes Pressure changes
- 14. Networks acquire, log and transmit data
- 15. People & processes benefit from the data
- 16. The value of the Internet of Things Big data and insights Automated processes & increased efficiency Compound applications
- 17. IoT Applications
- 18. IoT presence accross industries Business / Manufacturing Health care Retail Security Transportation 40,2% 30,3% 8,3% 7,7% 4,1%
- 19. For the body The Proteus ingestible pill sensor Activated by stomach fluid and used to log information about your medication, heart rate, body position and activity.
- 20. For the body The Mimo baby monitor Provides real time information to parents on baby’s condition.
- 21. For the house The Nest smart thermostat Uses sensors, real-time weather forecasts and the home activity to reduce monthly energy usage by up to 30%.
- 22. For the house Ninja Block Using sensors to monitor house activity and avoid disasters like leaking gas or water pipe bursts.
- 23. For the city Streetline ParkSight Optimizes parking space availability and reduces environmental impact.
- 24. For the city Big Belly smart trash cans Uses real-time data collection and alerts when a bin needs to be emptied. This will lead to fuel and financial savings.
- 25. For industries Sensors monitor equipment condition and send constant updates to prevent malfunction.
- 26. Shopperception system Retailers can detect how customers are engaging with specific products and the store's layout. For industries
- 27. For the environment The Air Quality Egg Collects high resolution CO2 readings that can be shared to a network of readings used by the community.
- 28. For the environment ALARMS System Detects high-frequency stress waves produced by soil movementin real time and send out alerts to communities before an event occurs.
- 29. Just the tip of the IoT iceberg
- 31. Road is built with smart cement Communicates with car computer
- 32. The sky is the limit for IoT applications HOME Consumer HEALTH Body CITIES Industries TRANSPORT Mobility BUILDINGS Infrastructure
- 33. The scale of IoT The scale of IoT
- 34. Since 2008, the number of “things” connected to the Internet has exceeded the number of people on Earth. 2003 2008 2015 2020 50 billion devices expected
- 35. IDC predicts that IoT will generate nearly $9 trillion in anual sales by 2020.
- 36. In a report by on industrial applications, just 1% in efficiency gain can lead in 15 years to savings of: $30 bn in the airline industry $63 bn in global health care $66 bn in global gas fired power plant fleet
- 38. What you’re about to lose is your privacy. Actually, it’s worse than that. You aren’t just going to lose your privacy, you’re going to have to watch the very concept of privacy be rewritten under your nose. WIRED magazine “ ”
- 39. 39%of people said that security is the biggest concern in adopting IoT technology
- 40. Privacy and security must be the #1 priority for any application, product or service developed.
- 42. Form groups of 5 to 7 people. Make sure you are with different backgrounds. Make sure you have a pen and paper.
- 43. What IoT applications can make your personal life easier? What IoT applications can make your work easier? What are some IoT applications that can make the world a better place?
- 44. Let’s share some ideas
- 45. IoT for Telco
- 46. Challenges high churn rates declining ARPU intense competition from OTT players stagnating revenues difficulty in Implementing new services limited product environment
- 47. But there’s a light at the end of the tunnel
- 51. Telecom companies have begun to pursue growth through innovative digital ecosystems.
- 52. invented “Thinking Things” that lets individuals develop programs to adjust climate and lighting in rooms working with IBM on a smart cities program launched a machine-to-machine (M2M) communications system with Coca Cola and Nespresso in a joint venture with the State Bank of India, it develops mobile banking apps for people unable to access a local branch
- 53. has set aside US$620 million to fund German startups and is supporting the digitizing of manufacturing with its Industrie 4.0 initiative has taken a stake in Zound Industries, a provider of fashionable accessories for electronics has invested in digital signatures and in video platforms will open up a BioInformatics Center together with Seoul National University
Editor's Notes
- Hello. Today you have an amazing opportunity, an opportunity to take a look into the future The Internet of Things is coming and it is going to be big and it’s going to be important. It’s going to serious impact your life. But what is IoT? Why is it so big , important and impactful?
- But before I can talk to you about the future, I want to talk to you about the past. About revolutions. Now, I don’t mean the kind of revolutions that involves politics and military, but more about the kind of actions or breakthroughs that made us who we are today. In our history on this planet, we, as a human race, have advanced because of these breakthroughs. Starting from the agricultural revolution to the industrial revolution to the computer revolution, all these movements helped humanity leap to a new level of development.
- And today we are on the brink of the next leap and I am really excited to talk to you more about it.
- You are familiar with Internet – It’s that global network that connects millions of computers ( and smartphones and tablests), enabling Electronic communication between those computers. Network of machines and network of people. But IoT is different , instead of creating network that connects people, it’s a network that connect things, LOTS OF THINGS!!
- For those of you that hear this term for the first time, it might seem strange for you. “Wait .. What!?” “The internet of what? what is this guy talking about? what does he mean by things?
- I mean exactly that: things, stuff, objects from every day life (click)like your laptop is a thing (click) a plane is a thing (click) the traffic light you almost missed is a thing (click) your fridge back at home is a thing (click) or the train you use to travel (click) and all these things are connected to one huge network, communicating intelligently between them and with us, all for an easier life. That is the Internet of Things Things do not need to be inanimate. Animals such as dogs, cats and cows can be embedded and connected as humans can.
- In a more scientific definition, The Internet of Things (IoT) is a computing concept that describes a future where everyday physical objects will be connected to the Internet and be able to identify themselves to other devices.
- It describes a world where just about anything can be connected and communicate in an intelligent fashion.
- Or more simply explained
- Now imagine where it can go, you might end up with a nagging refrigerator instead of a nagging wife
- Now, how does this “air quote” magic “un quoute” works?
- It is a combination of sensors, networks and people or processes.
- The Internet of Things connects billions of sensors and devices such as every day consumer objects and industrial equipment onto networks. Everything can be tracked and measured, from geographical localization via GPS, to visual and audio inputs via cameras and microphones, and everything imaginable from pressure to temperature changes.
- Increasing amounts of data produced by those sensors and connected devices are hence acquired, logged, and stored onto networks, usually through cloud technology
- And then ultimately, these networked inputs are then combined into bi-directional systems for better decision making by both people and machines, increased efficiency, new services, or environmental benefits.
- And what does this lead to? What is the advantage of this huge, huge network you may ask? (click) Well, first of all, with more and more sensors, we will have tremendous amount of data at our disposal. The real value that the Internet of Things creates is at the intersection of gathering this data and leveraging it. There is no point in having a huge amount of data if you don’t know what to do with it or if you don’t have the capability to process it. Technology has evolved to that point where this is now possible. Insights will be available at a whole new level. (click) Secondly, based on this data, we can take better decisions which leads to optimized processes, more automated operations across a wide range of domains and a general increased efficiency in any sector that will use IoT. This has already started with some connected devices that are already on the market, which I will tell about a bit shortly. (click) But finally, Internet of Things has unlimited possibilities and the most interesting things come once these connected devices and services start creating compound, more complex applications within their own industry and even across industries. These will be truly disrupting and revolutionary
- Ok, I bet you are really interested to know more concrete applications of IoT, what it can actually be used in practice (besides the nagging refrigerator). Let’s see what’s already on the market.
- first, it is important to note that most IoT devices are not present in consumers houses, but in major industries like business/manufacturing, health care, retail, security and transportation; and not in your home. That is because these smart objects give these industries vital data they need to track inventory, manage machines, increase efficiency, save costs and even save lives.
- An application for your body is the proteus ingestible pill sensor It is powered by contact with your stomach fluid and is used to log information about your medication, heart rate, body position and activity. For example: it communicates a signal that determines the timing of when you took your meds and the identity of the pill. This information is transferred to a patch worn on the skin to be logged for you and your doctor's reference.
- Also from the same category is the mimo baby monitor. Aimed at helping to prevent Sudden Infant Death Syndrome, the Mimo monitor is a new kind of infant monitor that provides parents with real-time information about their baby's breathing, skin temperature, body position, and activity level on their smartphones for fast and easy check up
- When it comes to your house, Smart thermostats like the Nest use sensors, real-time weather forecasts, and the actual activity in your home during the day to reduce your monthly energy usage by up to 30%, keeping you more comfortable, and offering to save you money on your utility bills.
- You can avoid disasters in your home by Using a device like the Ninja Block and its range of add-on sensors This way you can track if a water pipe has burst in your basement, if there is motion inside your home while you are away, or if there is a gas leakage and have it automatically send you a notification by email or text message when it happens.
- You can stop driving in circles whenever you are looking for a parking spot. With the use of installed sensors, mobile apps, and real-time web applications like those provided in Streetline’s ParkSight service, cities can optimize revenue, parking space availability and enable citizens to reduce their environmental impact by helping them quickly find an open spot for their cars. Not only that, but it will also help reduce congestion in big cities, where usually 30% of traffic is due to people looking for a parking spot.
- IoT can help keep streets clean Products like the cellular communication enabled Smart Belly trash use real-time data collection and alerts to let municipal services know when a bin needs to be emptied. This information can drastically reduce the number of pick-ups required, and translates into fuel and financial savings for communities service departments.
- Sensors installed inside equipment will monitor if any parts have exceeded their designed thresholds, and will automatically send reports to owners and manufacturers if they have. Early predictions on equipment malfunctions can be made with parts and service maintenance can be automatically scheduled ahead of an actual part failure.
- Retailers can run real-world A/B tests like on the internet, by using networked cameras and sensors like those in the Shopperception system to detect how customers are engaging with specific products and the store's layout. Finally they can stop guessing which products to put where and how much of it
- IoT can help monitor pollution levels. The Air Quality Egg is a community-led air quality sensing system designed to allow anyone to collect high resolution readings of NO2 and CO concentrations outside of their home using an RF transmitter and ethernet driven base station. The data can then be shared to create a network of readings to be used by the community and general public.
- The University of Loughborough’s Acoustic Landslide Detector system called ALARMS (Assessment of Landslides using Acoustic Real-time Monitoring Systems), detects high-frequency stress waves produced by soil movement. They can be used to calculate soil movement in real time and send out alerts to communities before an event occurs. With this technology landslides like the one in the picture will be easily managed and contained, minimizing damages and having 0 casualties.
- But this is just the tip of the IoT iceberg We are in the early stages in the creation of an Internet of Things and the above examples provide just a glimpse into what is possible when you combine sensors, actuators, and networked intelligence.
- And, as I mentioned before, the most interesting things come once these connected devices and services start creating compound, more complex applications within their own industry and even across industries. For example
- Imagine you are driving in the period right before winter. The road you are driving on is built with smart cement (click) that means that it has sensors inside the concrete that constantly communicate data about the integrity and condition of the concrete. Now let’s say that overnight ice patches start forming on the road. Once a car approaches the portion with these ice patches, the sensor from the cement will communicate with the car’s computer (click) and tell it that there’s an ice patch. The computer then notifies the driver of this and advises to slow down. If the driver is distracted and doesn’t see the notification, once reached a certain safety distance, the car automatically slows down to a safe speed. That is the kind of potential life saving app that
- The IoT will disrupt a lot of industries and it will cause a huge paradigm shift, changing how we will interact with objects. Basically the sky is the limit when it comes to IoT and possibilities are endless for everything, for home, health, cities, transport, buildings, infrastructure and so on
- But IoT is not considered the next big thing just because of the technology used or possible applications but also because of it’s huge scalability potential
- Since 2008, the number of “things” connected to the Internet has exceeded the number of people on Earth. And by 2020, around 50 billion devices will be connected. That’s almost 7 times more than people, in the next five years.
- The International Data Corporation predicts that IoT will generate nearly $9 trillion in anual sales by 2020.
- In a report by General Electric on industrial applications, just 1% efficiency gain can lead in 15 years to massive savings. $30 billion worth of jet fuel for the airline industry $63 billion in global health care savings with more optimized treatments, patient flows, and equipment use in hospitals. $66 billion savings in fuel consumption for the global gas-fired power plant fleet.
- Unfortunately, with any kind of breakthrough of this caliber, it does has its risks and concerns. Let’s look a bit at the dark side of the Internet of Things. There are mainly two huge concerns regarding IoT
- The first concern is about privacy. 'What you’re about to lose is your privacy. Actually, it’s worse than that. You aren’t just going to lose your privacy, you’re going to have to watch the very concept of privacy be rewritten under your nose.' Researchers have identified privacy challenges faced by all stakeholders in IoT domain, from the manufacturers and app developers to the consumers themselves: User consent – somehow, the report says, users need to be able to give informed consent to data collection. Users, however, have limited time and technical knowledge. Freedom of choice – both privacy protections and underlying standards should promote freedom of choice. Anonymity – IoT platforms pay scant attention to user anonymity when transmitting data, the researchers note. Future platforms could, for example, use TOR or similar technologies so that users can't be too deeply profiled based on the behaviors of their "things".
- The second concern is about security and protection of data. Concerns have been raised that the Internet of Things is being developed rapidly without appropriate consideration of the profound security challenges involved and the regulatory changes that might be necessary. According to the BI (Business Insider) Intelligence Survey conducted in the last quarter of 2014, 39% of the respondents said that security is the biggest concern in adopting Internet of Things technology The increased number of access points also poses a security risk.
- Therefore, Privacy and security must be the #1 priority for any application, product or service developed by any company of any size.
- Now we have seen that IoT can be used to simplify our everyday lives but also it has potential to move humanity forward . So let’s use what we know and see what we would use IoT We will be doing a group activity for the next 20 minutes or so
- Form groups of 5 to 7 people. Ideally, you should be with people with different backgrounds (engineers, marketeres, HRs). And make sure you have a pen and paper.
- Discuss within your group and brainstorm some ideas on “What IoT applications can make your personal life easier. Now, the next question “What IoT applications can make your make professional work easier”. And the last question “What are some IoT applications that will make the world a better place”
- Let’s share a few ideas
- Now let’s see exactly how this whole mega trend of IoT applies to the telecommunications sector and what can it mean for this company
- First, we have to be aware of the challenges that our industry is facing. The telecomm industry has been facing declining average revenue per user (click), increased competition from over the table players like Apple, Google, Microsoft or Facebook (click), stagnating revenues (click), high churn rates (click), limited product environment (click) which leads to a difficulty in implementing new services (difficulty)
- However, there is a light at the end of the tunnel. And yes, that light is the Internet of Things. After all we play a huge role in this because we offer the infrastructure that supports the whole IoT.
- And to fully take advantage of the IoT we must understand the strenghts of telco companies and see how to add more value, Our main assets actually lie beyond the typical connectivity services. Few businesses can replicate our expertise in security, identity authentification, sales channels, 24/7 support capabilities and the ability to bill millions of customers Failure to take advantage of these strengths, will lead telco companies to just have a limited role of of managed connectivity providers With these assets clearly understood, we can build on our connectivity services to move up the value chain. Typically there are two main directions
- Become a 'thing' company, at least in certain vertical markets: Operators can opt to provide an end-to-end solution to customers. For example, they could provide a fleet tracking solution that includes the device, application, connectivity and ongoing support for small and medium-sized enterprises (SMEs) that run a small vehicle fleet. The operator would need to have specific knowledge of a vertical – either internally (typically through acquisitions, as Verizon and Vodafone have done) or through a partner (as Telefónica is doing for fleet management with Geotab and Masternaut).
- Provide 'horizontal' solutions for IoT to support a range of vertical markets: Operators can provide the supporting capabilities for IoT, such as offering an application platform that can be applied to multiple industrial sectors. For example, the operator could provide the tools with which a partner or reseller could create a fleet tracking tool, but the operator would not sell or support this tool. Many operators are selling managed connectivity as a horizontal tool, but few are doing more than this (few are providing application support, for example). Again, this route can be taken through partners – PTC is one of several application platform providers2 – or through acquisition (Telenor Connexion bought a small integrator, iOWA, to build its horizontal capabilities)
- Other telecom companies have understood this and have begun to pursue growth through innovative digital ecosystems. These innovative digital ecosystems are designed around joint ventures, acquisitions, or internal R&D Let’s see some examples of telecom firms are taking advantage of this new user base of people and things by developing a variety of new services, sometimes in partnership with other companies
- For example, in the U.S., AT&T is working with IBM on a smart cities program, and Spain’s Telefónica offers an IoT product called Thinking Things that lets individuals develop programs to adjust climate and lighting in rooms, offices, and buildings currently and in the future to control all of the home and office equipment and data they interact with. I n conjunction with companies such as Nespresso and Coca-Cola, the U.K.’s Orange has launched a machine-to-machine (M2M) communications system. And an Indian firm, Bharti Airtel, is in a joint venture with the State Bank of India to develop mobile banking apps for people unable to access a local branch. Providing such farsighted services for all kinds of industries, equipment, and individual needs is essential for every innovative telecom operator
- Regarding investments and aquisitions: Sweden’s TeliaSonera, for example, has taken a stake in Zound Industries, a provider of fashionable accessories for electronics, while Australia’s Telstra has invested in digital signatures through DocuSign and in video platforms through Ooyala. Deutsche Telekom Capital Partners has set aside US$620 million to fund German startups. It is also supporting the digitizing of manufacturing with its Industrie 4.0 initiative. And Korea Telecom has partnered with Seoul National University to open a bioinformatics center that will lead to new breakthroughs Many major global operators have established their own independent incubators or venture funds focused on digital innovation, and created satellite offices in the Silicon Valley region to gain access to ideas for next-generation services.
- Thank you for your time and I hope that these were 2 hours well spent for you.