Generation-IoT - The Key to Business Survival in 21st Century
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This document discusses the importance of IoT (Internet of Things) for business survival in the 21st century. It notes that organizations need to reinvent themselves every 3-7 years to survive, and only 19% of S&P 500 companies from 50 years ago remain. The document outlines the three waves of internet (fixed, mobile, IoT) and explains IoT components and maturity phases from monitoring to autonomous. It argues that connecting assets benefits makers, users, and the operating environment. The large market potential of IoT in sectors like transportation, healthcare, manufacturing is also highlighted. The document emphasizes the growing demand for IoT professionals and calls the audience the "Generation IoT" that can help organizations succeed through IoT.
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Generation-IoT - The Key to Business Survival in 21st Century
- 1. favoriot Generation-IoT: The Key to Business Survival in 21st Century Dr. Mazlan Abbas Chief Executive Officer favoriot Academia-Industry Dialogue (AID) 1.0: Managing Technology and Reinventing Education
- 2. favoriot Business Survival in 21st Century • Every 3 to 7 years, organizations need to reinvent themselves • According to The Boston Consulting Group - S&P 500 Companies from 50 years ago – only 19% are still in existence
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- 6. favoriot The 3 Tsunamis of Internet Fixed Internet Mobile Internet Internet of Things (IOT)
- 8. favoriot How Do I Start My IoT Journey? Supply “Street” vs Demand “Road”
- 10. favoriot IoT is Not All About Technology What the Industry Wants from the Graduates?
- 11. favoriot Identify Business Case – Asking the Right Questions
- 12. favoriot Connecting the Dots – A Problem Solver
- 13. favoriot Understanding IOT What is Exactly Internet of Things?
- 14. favoriot Components of Internet Of Things (IoT) Things (Sensors & Actuators) Connectivity Data Analytics
- 15. favoriot Why IoT Is At An Inflection Point? Hardware is cheap Connectivity is pervasive Moore’s Law continues Metcalfe’s Law ”Network Effects” Development is easy
- 16. favoriot The Importance Of Getting Things Connected The need to connect assets
- 17. favoriot I need to maintain the quality of my goods. Who is the intruder? Can I reduce my electricity bill? Am I healthy? When is my next bus? Where can I park? Monitoring of Assets – Typical Everyday Questions What IF we can connect ALL these assets and get the answers to ALL these questions? The Need To Connect Assets
- 18. favoriot Who Benefits From Connected Assets? Operating environment Other products “things” Maker Users Connected Assets
- 25. favoriot Who Benefits From Connected Assets? Operating environment Other products “things” Maker Users Connected Assets
- 27. favoriot Construction Business Reduce rental costs – send under-used equipment where it is needed Track all assets – never lose expensive equipment again Show alerts and order replacements before equipment breaks down Extend the lifetime of your assets with informed decisions
- 28. favoriot 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.
- 29. favoriot 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.
- 30. favoriot 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]
- 31. favoriot 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]
- 32. favoriot Define Your Data… But What Data? How to Start Building Your First IoT Solution
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- 36. favoriot Wisdom Knowledge Information Data More Important Less Important 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
- 37. favoriot Wisdom Knowledge Information Data More Important Less Important Understanding Example: Smart Parking N/A Empty (0), Full (1) Who park at this lot? What kind of vehicle? Where is the empty parking lot? When is the peak period? How to implement a tiered charging? How to find “overstayed” vehicles? Why my parking utilization is low?
- 38. favoriot Smart Parking Smart Parking With Sensors Location of Parking Availability Parking Utilization Tiered Pricing Parking
- 39. favoriot Wisdom Knowledge Information Data More Important Less Important Understanding Example: Smart Waste Management N/A Who is collecting the garbage? What is the status of the garbage bin? When was the garbage collected? Where is the location of the full bin? How to plan the route of the trucks? How many days till the next collection? Why the garbage truck not picking the garbage? Why a particular area is full of garbage? Empty (0), Full (1)
- 40. favoriot Smart Waste Management TIMELY SCHEDULE ALERT “I’M FULL” UNATTENDED GARBAGE RIGHT ROUTES
- 41. favoriot Home Health Transport Office Waste IOT Platforms - From Vertical To Horizontal Blending Data - Creating New Compound Applications
- 42. favoriot Who are the IOT players? IOT ECOSYSTEM
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- 44. favoriot Building IOT Solutions PARTNERING WITH FAVORIOT
- 45. favoriot Delivering The Whole IOT Puzzle Internet Biometric Ultrasonic Temp Humidity Pressure Motion Position Light Image Motor Switch Lighting Valve Sensors Actuators IOT Platform Analytics Applications WiFi 2G/3G/4G LoRa SigFox An IoT platform is able to connect to devices and sensors in real time, process data and drive big-data analytics in the cloud. NB-IOT
- 46. favoriot Gateway 3G/Ethernet/Wi-Fi IOT Devices IOT Devices 3G/Ethernet/Wi-Fi HTTPS Push/Pull Service Social Media Integration DEVICE CONNECTIVITY (REST, MQTT, CoAP) APPLICATION INTEGRATION DATA MANAGEMENT DATA STORE BUSINESS LOGIC NOTIFICATION ENGINE REST API Custom Reporting SECURITY BIG DATA TOOLS Application Development AUTHENTICATIO N Data Analytics
- 47. favoriot Examples of IoT Solutions
- 50. favoriot Demand for IoT Talent [Source: http://www.financialexpress.com/industry/technology/master-of- internet-of-things-demand-for-iot-talent-surges-300-in-last-3- years/729007/ ] [Source: https://www.indianweb2.com/2017/08/02/salaries-iot-professionals-india-76-higher- professionals/ ]
- 51. favoriot The Need for 100K IoT Professionals Choose Your Value-Chain: 1. End-device components 2. End devices and sensors 3. Embedded operating systems 4. IT, network and OSS infrastructure 5. Security 6. IoT Middleware 7. Cloud infrastructure 8. Analytics applications 9. Visualization applications 10.Management and applications enablement software 11.Service providers 12.Vertical products and solutions 13.System integrators [Source: http://favoriot.com/blog/malaysia-needs-100k-iot-professionals-to-complement-the-big-data-workforce ]
- 52. favoriot Building the Next Generation-IoT
- 53. favoriot They are pioneers in IoT
- 54. favoriot They are willing to learn and take risks and are good at building virtual teams internally and partnering externally.
- 55. favoriot You can recognize these new winners not by their age or their titles—but by their ability to build and deploy agile, flexible business solutions.
- 56. favoriot A new generation of leaders, makers, thinkers, and doers is meeting that change with flexibility and optimism and transforming it into opportunity.
- 57. favoriot These are the people who see the transformational power of IoT-driven processes, business models, and new revenue streams.
- 58. favoriot They are eager to champion and drive these opportunities in their organizations.
- 59. favoriot These people know that IoT is not just one project, one training session, one change.
- 60. favoriot They know that in order to succeed they and their organizations need to adjust and re-learn, over and over again.