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Emerging Technology: Internet of Things
The document outlines the Internet of Things (IoT), describing its definition, components, and potential applications across various sectors such as retail, agriculture, and government. It discusses the advantages and challenges of IoT, including data security and interoperability, while emphasizing its transformative impact on efficiency and decision-making processes. The document also highlights future developments and projections for IoT growth and integration into everyday life.
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Emerging Technology: Internet of Things
- 1. Internet of Things EmergingTechnology MBA 615 - John Molson School of Business Aali Malik, Bartosz Petrynski and Nitin Shetty
- 2. -2- 01 02 03 04 Application examples Pros andCons of the IoT Future Developments Introduction and History
- 3. -3- 01 02 03 04 Application examples Pros andCons of the IoT Future Developments Introduction and History
- 4. -4- History of IoT Phasesof Evolution
- 5. -5- Sensors & Devices TheInternet of Things connects billions of sensors and devices such as consumer objects and industrial equipment onto networks. Connectivity / Networks Increasing amounts of Data produced by those Sensors and connected Devices are hence Acquired, logged and Stored onto networks. People & Processes Networked inputs are then Combined into bi-directional Systems for better decision making, Increased efficiency, new services or Environmental benefits. IoT Definition IoT Connects the physical world to the internet
- 6. -6- 1. Sensors &Actuators We are giving our world a digital nervous system
- 7. -7- 2. Connectivity These inputsare digitized and placed onto networks
- 8. -8- 3. People &processes These inputs are combined into bi-directional systems
- 9. -9- Potential of IoT AnyPlace AnywhereAnyone Anybody Anytime Any Context Any Service Any Business Any Path Any NetworkAnything Any Device IoT will soon be everywhere … Home Consumer Fashion Lifestyle Transport & Traffic Retail Inventory Logistics Real-Time Manufacturing M2M Cities Industry Health Body Agriculture Control Security Detection
- 10. -10- Milk “The Internet ofThings (IoT) is when a milk carton tells you it’s running low and it’s time to buy milk” Examples of IoT
- 11. Guess the numberof connected devices by 2020?
- 12. -12- More connected devicesthan people Source: Cisco, April 2011
- 13. -13- A Driver ofNew Product Cycles (Incremental Revenue Streams) Another Leg of Cost Efficiencies (Better Productivity & Cost Savings) IoT Value Proposition
- 14. -14- IoT is notonly data collection, it’s also… …processing it and converting into wisdom
- 15. -15- 01 02 03 04 Application examples Pros andCons of the IoT Future Developments Introduction and History
- 16. -16- • Connected Retail •Real time Logistics • Smart Manufacturing • Smart Agriculture Enterprise applications • Smart City • Environment Protection • Intelligent buildings • Smart Utilities Government applications • Connected Home • Connected Car • Wearables • Healthcare Customer applications IoT landscape IoT will soon be everywhere
- 17. -17- B2C B2B Government - 5 10 15 20 25 2014 2015 20162017 2018 2019 Billions IoT landscape Estimated number of installed IoT devices by sector Source: BI Intelligence
- 18. -18- • Connected Retail •Real time Logistics • Smart Manufacturing • Smart Agriculture Enterprise • Smart City • Environment Protection • Intelligent buildings • Smart Utilities Government • Connected Home • Connected Car • Wearables • Healthcare Customer IoT landscape IoT will soon be everywhere
- 19. -19- Key areas Security Energy saving Convenience Howit works? • Central hub in home connected to internet • Number of sensors and controllers connected to central hub • Radio connection using mesh network • Central hub is accessible by web / mobile app B2C: Connected Home What’s in the ecosystem Lights & curtain Smart Appliances Smart Media Air Control Background music Central heating Safeguard Video Intercom Central AC
- 20. -20- D Learning thermostatsC Intelligent speaker B Connected locksA Bulbsconnected to WiFi B2C: Connected Home Examples of applications
- 21. -21- Key areas Predictive maintenance Insurance Emergency •Dongle or smartphone used for telematics • OEMs mount own systems • SIM card pre-installed and mobile network operators • EU require blackbox in car How it works? Autonomous driving Sharing B2C: Connected Car What’s in the ecosystem Telematics hub Door locks Navigation system Battery SRS Brake system CAN BUS Horn eCall Blackbox Electronic Control Unit
- 22. -22- D Car sharing and parkingC UsageBased Insurance B Autonomus drivingA Entertainment system B2C: Connected Car Examples of applications
- 23. -23- • Connected Retail •Real time Logistics • Smart Manufacturing • Smart Agriculture Enterprise applications • Smart City • Environment Protection • Intelligent buildings • Smart Utilities Government applications • Connected Home • Connected Car • Wearables • Healthcare Customer applications IoT landscape IoT will soon be everywhere
- 24. -24- Key areas B2B: ConnectedRetail What’s in the ecosystem Improving the customer experience Optimizing supply chain operations Creating new channels and revenue streams
- 25. -25- D JIT promotions and marketingCShopping Analytics B Contactless checkoutA Smart-Vending Machines B2B: Connected Retail Examples of applications
- 26. -26- D Smart logisticsand warehousing C Remote crop monitoring B Predictive analytics crops and livestock A Field and resource mapping B2B: Smart Farming Examples of applications
- 27. -27- • Connected Retail •Real time Logistics • Smart Manufacturing • Smart Agriculture Enterprise applications • Smart City • Environment Protection • Intelligent buildings • Smart Utilities Government applications • Connected Home • Connected Car • Wearables • Healthcare Customer applications IoT landscape IoT will soon be everywhere
- 28. -28- Government: use cases Examplesof applications Source: Amazon Web Services City of London Transit hub efficiency and Route Navigation for Commuters Mobility Efficiency Franchise & Opinions Singapore Govt. experiments and also uses for delivering location based service and info. Voting Jerusalem – Garbage collection and waste management Sanitation Singapore Govt. has mapped all govt. agencies and are efficiently delivering target based services and infor Co-operate Public safety & Disaster management anticipate crime patterns and deploy resources effectively Safety Smart Grids and water management cloud based water management in Houston Utilities
- 29. -29- Government: use cases Impacton government Process re-engineer Fine tune practices and innovate novel services based on data Cost Reduction Reduced cost with optimal utilization of resources Decision Enable real time decision making to prioritize govt efforts in right direction Productive Society These efforts lead to satisfied and productive citizen
- 30. -30- 01 02 03 04 Application examples Pros andCons of the IoT Future Developments Introduction and History
- 31. -31- Challenges for IOT DataSecurity Interoperability Standardization Revenue Stream and Value Chain
- 32. -32- Advantages from IOT ACustomer Satisfaction B Real Time Collaboration E Price Discovery C New Revenue Streams D No downtime
- 33. -33- Risks with IOT A Technologyover dependence C Data Security B Digital Divide D Amplification of surface of Attack
- 34. -34- 01 02 03 04 Sector Applications Pros andCons of the IoT Future Developments Introduction and History
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