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CHina 2016
The document discusses the growth of big data and the Internet of Things (IoT). It notes that IoT involves sensors, MAC addresses to identify data sources and locations, and data storage. The medical sensor market is growing over 50% and expected to reach $13.1 billion by 2018. The global IoT healthcare market is projected to grow from $32.47 billion in 2015 to $163.24 billion in 2020. However, the document also cautions that inaccurate or false data can have costly consequences, and regulations restrict how consumer data can be used and shared between regions.
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CHina 2016
- 1. Big Data Everywhereand IoT – Unlimited Potential and Limitations Juan Ramon Zarco, J.D., M.B.A. Silicon Valley Venture Growth Partners LLP / Hygieia Health Tech Company Email: jrzarco@svvgp.com China 2016 Presentation
- 2. What is IoT? •IoT = Sensors + MAC addresses • Sensors or Devices originate the data • MAC addresses identify the source and location of the data • Data is Generated, Accumulated and Stored 2 China 2016
- 3. Multiple Data Sourceswith MAC addresses Sensor Electronics 3 China 2016
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- 5. Medical Sensor andIoT Markets Current medical sensor market size ~$8 billion Greater than 50% growth in 2 years. 2018 medical sensors market expected to reach $13.11B Projected Global IoT Healthcare Market 2015: $32.47 Billion 2020: $163.24 Billion 5 Compound Annual Growth Rate (CAGR) of 38.1% China 2016
- 6. And Data StorageCosts Dropping6 China 2016
- 7. Growing Value ofBig Data Data is moving from something you use outside the workstream to becoming a part of the business app itself. It’s how the new knowledge worker is actually performing their job, Frank Bien of Looker, 2016 7 China 2016
- 8. Data Analysis andPerformance Data Exploitation drives economic growth The “new oil” The rise of Big Data and data analytics The New Data Economy Personal Information Economy Personal Information Management Systems But all Dependent on access to good, reliable data 8 China 2016
- 9. Industrial Big Dataand the Dangers of False-Positives (inaccurate data), G.E. Big data: “The data could someday be as valuable as the machinery itself, if not more so.” Can Result in Savings: Gas Turbine 950,000 ton engine built in half the typical 5 years. Sensors: “But a false positive that prompts an airline to take a jet off the wing …is a $100,000 mistake.” 9 China 2016
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- 12. But Data Accumulationhas Strings Attached 12 China 2016
- 13. Consumer Data hasPortability Restrictions13 China 2016
- 14. Europe has SpecificGuidelines14 China 2016
- 15. U.S.A. has additionalrestrictions15 China 2016
- 16. Conclusions • Big Dataand its Applications will grow exponentially • Data will be a critical part of Consumer and Industrial Markets • However, Quality of Data can be costly in Industrial and Healthcare Markets • Regulations will restrict on how Big Data is used and shared for Consumer Markets 16 China 2016
- 17. Thank You! Juan RamonZarco, SVVGP Mobile- 703-376-4893 jrzarco@svvgp.com, jrzarco@hygieia.tech 17 China 2016