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Business Disruptions in the Era of Fourth Industrial Revolution

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Invited Talk - UniKL Business - Dec. 8, 2018

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Business Disruptions in the Era of Fourth Industrial Revolution

  1. 1. favoriot How IoT Disrupts Business in the Era of Fourth Industrial Revolution Dr. Mazlan Abbas CEO – FAVORIOT Email: mazlan@favoriot.com
  2. 2. favoriot I’ve Lived in the Era of 4th Industrial Revolution 50 Years Ago!
  3. 3. favoriot The Jetsons (1962) Flying Vehicles Video-conference Smartwatch Robotics Telehealth 3D Printed Food
  4. 4. favoriot Inspired Getting
  5. 5. favoriot Ripples of Technologies
  6. 6. favoriot
  7. 7. favoriot Trends in Malaysia IoT Trends IR 4.0 Trends 2014 q 2017
  8. 8. favoriot Where Are We In The Industrial Revolution IR 1.0 (Manual) IR 2.0 (Electrical) IR 3.0 (Automation/ Internet) IR 4.0 (Intelligence)
  9. 9. favoriot The Survival Test Which Industrial Revolution Are We in Now?
  10. 10. favoriot Which Industrial Revolution Is This?
  11. 11. favoriot Which Industrial Revolution Is This?
  12. 12. favoriot 2.7 Where are we now?
  13. 13. favoriot Why the IR4.0 Journey is so Difficult?
  14. 14. favoriot Comfortable Need a little Push
  15. 15. favoriot Education 4.0
  16. 16. favoriot Conference 4.0
  17. 17. favoriot Healthcare 4.0
  18. 18. favoriot Will Robots Replace Our Jobs
  19. 19. favoriot Understanding IOT IoT Maturity Phases
  20. 20. favoriot IOT Maturity Autonomous OptimizationControl Monitoring
  21. 21. favoriot Phases of IoT Maturity (Example - Automobile Industry) MONITORING Vehicle Monitoring CONTROL Car Security OPTIMISE Preventive Maintenance AUTONOMOUS Self-Driving car
  22. 22. favoriot What’s after Autonomous Taxi? How Disruptive is IoT in Automobile Industry?
  23. 23. favoriot FLYING TAXI AAV – Autonomous Aerial Vehicle
  24. 24. favoriot Technology-Based Product-Based Service-Based Outcome-Based Transformation Journey
  25. 25. favoriot Combined Industries 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.
  26. 26. favoriot Are You A Safe Driver?
  27. 27. favoriot IMAGINETHIS…
  28. 28. favoriot Build My Dream “Build your own dreams, or someone else will hire you to build theirs.”
  29. 29. favoriot Building IR 4.0 Applications Leveraging the IOT Ecosystem
  30. 30. favoriot Data Ownerships Personal/Household Private Public CommercialSensorDataProvider
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  33. 33. favoriot Wisdom Knowledge Information Data More Important Less Important Benefitto Hum anity Evaluated understanding Appreciation of Answers to questions. Symbols Understanding Answers to questions WHO WHY HOW WHAT WHERE WHEN Value is Created by Making Sense of Data
  34. 34. favoriot “Live Alone But Not Left Alone” Raqib For Elderly Care
  35. 35. favoriot Issues of Aging Population Aging in Place Living Longer Loneliness Emergency Busy Family
  36. 36. favoriot Aging Population Issues E.g. China - 64 elderly for every 100 workers by 2025 4 : 2 : 1 Problem 4 grandparents and two parents cared by a single person
  37. 37. favoriot WHAT-IF we have a SERVICE that monitors the MOST important ASSETS of a person HealthSafety Peace of Mind
  38. 38. favoriot
  39. 39. favoriot Send SOS during emergency cases Monitor their vital signs Notify their whereabouts Connect with their loved ones
  40. 40. favoriot Safety Health Peace of Mind Blood Pressure ECG Cellular Coverage Emergency SOS Fitness
  41. 41. favoriot Name of RAQIB wearer Latest Location Wearer’s Health Wearer’s Steps
  42. 42. favoriot Blood Pressure ECG Blood Pressure Trends
  43. 43. favoriot Peace of Mind During Hajj/Umrah Raqib For Pilgrims (Hajj/Umrah)
  44. 44. favoriot Complexity of Managing Pilgrims 100 Ambulances 16,280 Officers 45,000 Tents 6,000 Security Cameras Dozens of Countries
  45. 45. favoriot
  46. 46. favoriot The Dream 89%
  47. 47. favoriot www.favoriot.com favoriot favoriotfavoriot favoriot info@favoriot.com favoriot

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