The Internet of Things is transforming the way we work and live. IoT technologies are enabling enterprises to create new business models, transform customer engagements and catapult entire industries forward. Technologies like cognitive computing, IoT Platforms, blockchain and Digital Twin are rapidly reinventing how businesses are driving industry transformation. This session explores how businesses across the world are taking advantage of the ever-more-connected world to drive smarter and more profitable business. Watch the replay on IoT Practitioner. https://iotpractitioner.com/iot-slam-live-2017-headline-keynote-chris-oconnor/
2. The Rise of the IoT Application1
The Internet of Things has taken hold
$11.1 trillion
IoT economic
benefit by 2025
McKinsey
22 billion
IoT devices
installed by
2018
IDC
7 million
Twitter mentions
YTD
Twitter
IoT is making a
big impact…
130+
VC financings in
2015 (up 100% YTY)
CB Insights
$3 bn
Invested by IBM
…and garnering
major investment.
60% increase
in M&A activity in
2016 with $40
million in total value
TechTarget IoT Agenda
3. The Rise of the IoT Application2
Improve operations and lower cost
Enhance customer experience
Organizations are looking to the IoT for three primary outcomes
Transform and generate new revenue streams
4. The Rise of the IoT Application3
IoT transformation is being driven across industries
InsuranceAutomotive BuildingsIndustrial
products
Travel &
Transport
Electronics Retail Energy and
Utilities
Aerospace &
Defense
Manufacturing
5. The Rise of the IoT Application4
But it’s no longer a big deal to just hook something up
We’re entering the era of the IoT application
InsuranceAutomotive BuildingsIndustrial
products
Travel &
Transport
Electronics Retail Energy and
Utilities
Aerospace &
Defense
Manufacturing
Connected
Car
Predictive
Maintenance
Connected
Fleet
Connected
Elevators
Wearables
for Worker
Safety
Digital Twin
for
Maintenance
Intelligent
Equipment for
Manufacturing
Quality
Connected
Appliances
Store
Wellness
Smart Grid
Asset Health
6. Connected appliances reduce Whirlpool’s IT costs
with cloud-based hosting and solution as a service
delivery. Additional value is being driven through a
new link from customers to warrantee services,
product design and automated retail replenishment.
Connected Appliances
Whirlpool is seeing a 70% decrease
in customer service calls, and a 50%
reduction projected in service and
parts provision costs
7. Wearables are enabling identification of
potentially problematic conditions by data from
wearables to alert workers of hazardous
conditions in real time.
Wearables for Worker Safety
North Star BlueScope Steel
is using wearables to protect workers
in extreme environments
8. Store wellness
A large international retailer drove
18-38% lower store operational costs
90% reduction in alarm volume
100% automated work order generation
2-3 weeks advance notice of failures
10-12% energy consumption reduction
Additionally, shopper insights drove a
7-14% Increase in sales
9. 8
AssetHealth
DTE Energy is leveraging an IoT for
Energy solution to implement an
analytics roadmap in support of asset
health and reliability
DTE is responsible for delivering electricity
reliably to over 2 million customers in SE
Michigan. They ensure the power is always
on with predictive analytics and maintenance
from Watson IoT for Energy.
10. With over 24,000 buildings to manage, it became a
cumbersome task for Sodexho, a French food
services and facilities management company, to
manage over 1.2 million assets, 7,000 technical
users, and 100,000 self-service portals for clients
to request services.
FacilitiesManagement
Sodexo shifted to a facilities
management solution and saw a 20%
reduction in total cost
of ownership
12
11. Predictive Maintenance
GKN Driveline has moved to 100%
of production assets handled by
preventative maintenance
GKN is using this asset management solution
to analyze years of maintenance, usage and
failure data to spot points of potential
vulnerability within production lines.
12. SmartGrid
Fingrid Oyj has seen 99% faster
fault analysis using real-time data
from grid management systems
12
Spatial analytics enable instant issue location
across a 14,000 km network, leading to
Smarter investments with a modern, future-
proof grid management solution
13. Digital Twin
DAQRI is gaining predictive
insights with AR Digital Twin
This augmented reality helmet allows workers
to ask questions and control the digital twin
with voice. Digital twin provides current status
and predicted failure date.
14. Transforming into a Services
Company
KONE is using the IoT to intelligently
service over 1 Million elevators and
escalators that move 1 Billion people a
day.
KONE is leveraging its position as a single
point of control of people flow to transform
into a services company by capitalizing on IoT
data.
15. Thank you
Find out how we’re innovating with
clients and partners at:
IBM.com/IoT
IBM.co/digitaltwin