1. favoriot
IOT Innovation
Ecosystem
Dr. Mazlan Abbas
Chief Executive Officer
Email: mazlan@favoriot.com
Smart Cities Global Technologies and Investment Summit, Algiers (27-28 June, 2018)
2. favoriot
About FAVORIOT
favorwatch
for Senior Care
Raqib
for Hajj/Umrah Pilgrims
favoriot IoT Middleware
for IoT Developers
favorsense
for Building Better Communities/Cities
Problem: Missing Pilgrims
and family anxiety
Solution: Smart solution
for Pilgrims that can be
monitored by Travel
Agencies and Family
members
Problem: Difficult to start
learning and building IoT
solutions
Solution: IoT middleware
that helps to rapidly
develop IoT solutions
with easy to use device
management and other
tools
Problem: Living alone
and no caregiver
Solution: Smart
healthcare for elderly
people and monitored
from remote by family
members
Problem: Difficult to get
feedback from
customer complaints
Solution: Crowdsourcing
using smartphone to
capture issues and
create trouble tickets for
ease of tracking and
solving issues
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Understand Your Customer’s Business
How the customer uses
your product?
What the customer
uses your product
for?
How frequently your
customer used the
product?
Where and for how
long your customer
used your product?
Why your customer
uses your product?
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Example - Is It Worth to Track a Person?
USD 20
Per
Month
Payfor
Fun?
PaytoSaveUSD
30permonth
PaytogetnewRevenue
USD25permonth
PayforLoyalty
Program
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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.
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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]
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.
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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]
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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
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
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Home Health Transport OfficeWaste
IOT Platforms - From Vertical To Horizontal
Blending Data - Creating New Compound Applications
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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
An IoT platform is able to connect to devices and sensors in real time,
process data and drive big-data analytics in the cloud.
33. favoriot
3 Business Models for Operators
Connectivity
• Vertical industry customer only
purchase connections from
operators
• Revenue: Charge Per SIM / Per
Message / Traffic Volume
Platform
• Besides connectivity, industry-
oriented E2E solution (CMP, DMP
and basic AEP) is provided to win
more revenue
• Revenue: Charge on Service
annual fee / APIs / Service Volume
Service
• Provide add-on services on top of
industry suites
• Introduce Operator’s cloud to
vertical industry customer tight
relationship
• Revenue: Rev Share / Value
Sharing / Service Operation / Data
Operations
Module Connection
Device
Management
Application
Management Application
Cloud
Service+ + + + +
Connectivity Provider
Platform Provider
Service Provider
Network (+module)
Network (+module)
Platform + Integration
Network (+module)
Platform + Integration
Cloud + Service
IoT Business
Model
Value
Model #2 Model #3Model #1
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3 Business Models for Operators
Module Connection
Device
Management
Application
Management Application
Cloud
Service+ + + + +
Connectivity Provider
Platform Provider
Service Provider
Network (+module)
Network (+module)
Platform + Integration
Network (+module)
Platform + Integration
Cloud + Service
IoT Business
Model
Value
Model #2 Model #3Model #1
10% 20% 10% 20% 20% 20%