How IoT is transforming Businesses like Retail and Manufacturing. What is the economic impact of IoT.

1. Presentation at IIM Indore, 15 Sept 2016
Speaker : Amitabha Saha Roy
Business Transformation
driven by IoT

2. 1 Origins of IoT
2 How IoT is Transforming Businesses
3 Economic Impact of IoT
4 Resources
AGENDA

3. Origins of IoT
“If we had computers that knew everything there was to
know about things – using data they gathered without
any help from us – we would be able to track and count
everything, and greatly reduce waste, loss, and cost. We
would know when things needed replacing, repairing, or
recalling, and whether they were fresh or past their best.
The Internet of Things has the potential to change the
world, just as the Internet did. Maybe even more so”
- Kevin Ashton in a presentation to Procter & Gamble in 1999

4. IoT – Why we are not there yet
~40% of all data is never stored;
remainder is stored locally offshore
Only ~1% of data can be streamed
onshore for daily use
Data cannot be accessed in real time,
enabling only “ad hoc” analysis
Reporting is limited to a few metrics,
which are monitored in retrospect
No interface is to enable real time
analytics to capture offshore data
Maintenance is still conducted at
manufacturer-recommended
intervals
Oil Rig example

5. IoT – Confluence of Technologies

6. IoT Stack

7. What is the
promise of
IoT ?

8. $11Trillion
Total potential economic impact per year by 2025
That is massive ! Over 4X the GDP of India

9. 1 Origins of IoT
2 How IoT is Transforming Businesses
3 Economic Impact of IoT
4 Resources

10. Transforming Retail

11. Transforming Homes
SECURITY AND
SAFETY
Data from cameras
and other sensors
are analyzed and
alerts users if danger
(e.g risk of Childers
drowning) is
identified
USAGE-BASED DESIGN
Usage patters are collected
and analyzed to design the
next generation of products
PRE-SALES ANALYTICS
Better understand of user
enables cross-selling
opportunities
ENERGY
MANAGEMENT
Thermostat and
multiple sensors
learn about users
behavior and
allow remote
control CHORE
AUTOMATION
Autonomous
home
appliances and
devices
learn about
users’ behavior
and identify best
time to
perform tasks
autonomously

12. Transforming Cities
1
Electrical distribution
and substation automation
2 Water leak identification
3 Traffic control
4 Autonomous vehicles
5 Bus and train schedule
Management
RESOURCE MANAGEMENT
TRANSPORTATION
6 Air and water quality
monitoring
7 Crime monitoring and
prevention
PUBLIC SAFETY AND HEALTH

13. Transforming Mines
OPERATIONS MANAGEMENT :
Use IoT to centrally or remotely
optimize operations
HEALTH AND SAFETY : Real-time
tracking of workers and equipment
to issue alerts
CONDITION-BASED MAINTENANCE :
Through continuous monitoring, determine
when maintenance will be needed
proactively
IOT-ENABLED R&D : With actual usage
data generated by IoT-enabled equipment,
suppliers can develop new components and
eliminate unused features
PRE-SALES ENABLEMENT : Based on
usage data, equipment suppliers can
suggest more appropriate models or cross-
sell additional equipment

14. Transforming Cars
DYNAMIC PRICING MODEL
Usage-based insurance rates
based on driver behavior
INCREASE EFFICIENCY AND
REDUCE COST
Remote optimization of
commercial fleets

15. 1 Origins of IoT
2 How IoT is Transforming Businesses
3 Economic Impact of IoT
4 Resources

16. $11Trillion

17. Economic impact of IoT
Monitoring and
managing illness
Energy Management,
safety, chore automation
Automated checkout,
layout optimization,
realtime promotions,
inventory management
Security, Energy
monitoring, worker
monitoring
Applications

18. Economic impact of IoT
Operations Optimization,
Predictive maintenance, Safety
Equipment maintenance,
safety, IoT enabled R&D
Condition based maintenance,
Personalized Insurance
Public Safety and health, Traffic
control, Resource management
Logistics Routing, Autonomous
cars, navigation
Applications

19. 1 Origins of IoT
2 How IoT is Transforming Businesses
3 Economic Impact of IoT
4 Resources

20. Origins of IoT
1. Morgan Stanley Blue paper - The ‘Internet of Things’ Is Now
2. The Internet of Things : Mapping the value beyond the Hype, McKinsey Global Institute
3. Software is eating the world by Marc Andreesen, WSJ
4. Using IoT Data to Understand How Your Products Perform by Satya Ramaswamy in HBR

21. Origins of IoT
Amitabha Saha Roy is the Global Practice Lead,
Sales & Marketing area, CPG Practice at TCS.
Amitabha has worked leading IT companies like
TCS,HP and has rich international experience of
working in US, India, Japan and Europe.
Outside of work, Amitabha is an avid Photographer
and Public speaker.