How IoT Disrupts Business in the Era of Fourth Industrial Revolution
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This document discusses the impact of the Fourth Industrial Revolution and the Internet of Things (IoT) on various industries. It begins by providing historical context on previous industrial revolutions and examples of technologies from the 1960s show The Jetsons that have now become a reality. It then examines how IoT is disrupting industries like transportation, insurance, and healthcare. Specific applications are discussed like connected cars, using driving data to assess risk for insurance, and remote patient monitoring tools. The document advocates developing IoT applications that transform business models from product-based to outcome-based models focused on creating value for customers.
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How IoT Disrupts Business in the Era of Fourth Industrial Revolution
- 1. favoriot How IoT Disrupts Business in the Era of Fourth Industrial Revolution Dr. Mazlan Abbas CEO – FAVORIOT Email: mazlan@favoriot.com
- 2. favoriot I’ve Lived in the Era of 4th Industrial Revolution 50 Years Ago!
- 3. favoriot The Jetsons (1962) Flying Vehicles Video-conference Smartwatch Robotics Telehealth 3D Printed Food
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- 7. favoriot Trends in Malaysia IoT Trends IR 4.0 Trends 2014 q 2017
- 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. favoriot The Survival Test Which Industrial Revolution Are We in Now?
- 10. favoriot Which Industrial Revolution Is This?
- 11. favoriot Which Industrial Revolution Is This?
- 12. favoriot 2.7 Where are we now?
- 13. favoriot Why the IR4.0 Journey is so Difficult?
- 14. favoriot Comfortable Need a little Push
- 18. favoriot Will Robots Replace Our Jobs
- 21. favoriot Phases of IoT Maturity (Example - Automobile Industry) MONITORING Vehicle Monitoring CONTROL Car Security OPTIMISE Preventive Maintenance AUTONOMOUS Self-Driving car
- 22. favoriot What’s after Autonomous Taxi? How Disruptive is IoT in Automobile Industry?
- 23. favoriot FLYING TAXI AAV – Autonomous Aerial Vehicle
- 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. favoriot Are You A Safe Driver?
- 28. favoriot Build My Dream “Build your own dreams, or someone else will hire you to build theirs.”
- 29. favoriot Building IR 4.0 Applications Leveraging the IOT Ecosystem
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- 33. favoriot Wisdom Knowledge Information Data More Important Less Important B e n e f i t t o H u m a n i t y 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. favoriot “Live Alone But Not Left Alone” Raqib For Elderly Care
- 35. favoriot Issues of Aging Population Aging in Place Living Longer Loneliness Emergency Busy Family
- 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. favoriot WHAT-IF we have a SERVICE that monitors the MOST important ASSETS of a person Health Safety Peace of Mind
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- 39. favoriot Send SOS during emergency cases Monitor their vital signs Notify their whereabouts Connect with their loved ones
- 40. favoriot Safety Health Peace of Mind Blood Pressure ECG Cellular Coverage Emergency SOS Fitness
- 41. favoriot Name of RAQIB wearer Latest Location Wearer’s Health Wearer’s Steps
- 42. favoriot Blood Pressure ECG Blood Pressure Trends
- 43. favoriot Peace of Mind During Hajj/Umrah Raqib For Pilgrims (Hajj/Umrah)
- 44. favoriot Complexity of Managing Pilgrims 100 Ambulances 16,280 Officers 45,000 Tents 6,000 Security Cameras Dozens of Countries
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- 48. favoriot IoT eBooks 1) IoT Notes – Great to use for your IoT lectures! 2) Your IoT Journey – Compilation of best Blog articles on IoT