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![favoriot
IOT Statistics
[Source: http://www.informationisbeautiful.net/visualizations/the-internet-of-things-a-primer/ ]](https://image.slidesharecdn.com/iotforfintechistanbul-june182019-220801030044-be6aa8bb/75/Internet-of-Things-for-Fintech-12-2048.jpg)
![favoriot
[Source: http://postscapes.com/what-exactly-is-the-internet-of-things-infographic ]](https://image.slidesharecdn.com/iotforfintechistanbul-june182019-220801030044-be6aa8bb/75/Internet-of-Things-for-Fintech-25-2048.jpg)
![favoriot
[Source: http://postscapes.com/what-exactly-is-the-internet-of-things-infographic ]](https://image.slidesharecdn.com/iotforfintechistanbul-june182019-220801030044-be6aa8bb/75/Internet-of-Things-for-Fintech-27-2048.jpg)
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[Source: http://postscapes.com/what-exactly-is-the-internet-of-things-infographic ]](https://image.slidesharecdn.com/iotforfintechistanbul-june182019-220801030044-be6aa8bb/75/Internet-of-Things-for-Fintech-28-2048.jpg)
![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/ ]](https://image.slidesharecdn.com/iotforfintechistanbul-june182019-220801030044-be6aa8bb/75/Internet-of-Things-for-Fintech-95-2048.jpg)
Uploaded byDr. Mazlan Abbas
Internet of Things for Fintech
The document discusses Favoriot, an IoT company that offers three core products: Favoriot IoT Middleware for IoT developers, Favorsense for building better communities and cities, and Raqib for monitoring health and safety. Favoriot aims to help with problems like difficult start for IoT learning, getting customer feedback, and health monitoring through simple and effective solutions. The document also discusses trends in IoT and industrial revolutions, and how IoT can be applied in areas like transportation, insurance, connected homes, agriculture, and more.
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Internet of Things for Fintech
- 1. favoriot INTERNET OF THINGS Dr. MazlanAbbas Fintech for Banks and Development Finance Institutions
- 2. favoriot Favoriot Offer 3Core products Raqib Favoriot IoT Middleware for IoT Developers Favorsense for Building Better Communities/Cities Problem: Health and safety. Solution: We offer a simple and effective solution to monitor the most important assets of an individual i.e. health and safety. Problem: Difficult to start learning and building IoT solutions Solution: We help IoT developers rapidly develop new and innovative IoT solutions using our IoT platform. Problem: Difficult to get feedback from customer complaints Solution: We offer an effective engagement crowdsensing platform for various stakeholders to build smarter operations.
- 3. favoriot IoT and IR4.0 Trends in Malaysia
- 4. favoriot IoT and IR4.0 Trends in Turkey
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- 6. favoriot Smart Modules Smart Objects Connectivity Platform S/W Customization/ SystemIntegrator Application s /Analytics Resellers / Channels Malaysia IoT Ecosystem As of March 28, 2018 @ 9.00 am R&D/ Universities © IoT Discussion Group
- 7. favoriot Smart Modules Smart Objects Connectivity Platform S/WCustomization/ System Integrator Applications /Analytics Resellers / Channels Country IoT Ecosystem R&D/ Universities
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- 9. favoriot BUSINESS SURVIVAL IN 21stCENTURY •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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- 11. favoriot The 3 Tsunamisof Internet Fixed Internet Mobile Internet Internet of Things (IOT)
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- 13. favoriot Where Are WeIn The Industrial Revolution IR 1.0 (Manual) IR 2.0 (Electrical) IR 3.0 (Automation/ Internet) IR 4.0 (Intelligence)
- 14. favoriot The Survival Test WhichIndustrial Revolution Are We in Now?
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- 18. favoriot Why the IR4.0 Journeyis so Difficult?
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- 24. favoriot Understanding IOT What isExactly Internet of Things?
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- 26. favoriot Sensors: • Camera –“Eyes” • Audio – “Ears” • Accelerometer – “Speed” • GPS – “Location” • Gyroscope – “Movement” • Compass – “Direction” • Proximity – “Closeness” • Ambient light – “Eyes” • Others… Context 1. Spatial – Location / Speed Orientation 2. Temporal – Time / Duration 3. Environmental – Temperature / Light / Noise Level 4. User Characterization – Activity (Mobility Pattern) / Social (Friends, Interactions) 5. Resource Availability – Storage / Memory / Computational / Battery Your Smartphone is an IoT Device
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- 29. favoriot Why IoT IsAt An Inflection Point? Hardware is cheap Connectivity is pervasive Moore’s Law continues Metcalfe’s Law ”Network Effects” Development is easy
- 30. favoriot How Do IStart My IoT Journey? Supply “Street” vs Demand “Road”
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- 41. favoriot FLYINGTAXI AAV – AutonomousAerial Vehicle
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- 44. favoriot Benefits of IoT Reduced Labor Increased Productivity Betterand Faster Decision Making Lower Costs Improved Quality
- 45. favoriot If You Can’tMeasure It, You Can’t Improve It
- 46. favoriot Understand Your Customer’sBusiness How the customer uses your product? Which features the customer uses your product for? How frequently your customer used the product? Where and for how long your customer used your product? Why your customer uses your product?
- 47. favoriot Product Manager’s Dream Utility Models Usability Models Performance Models Whatthe product is being used for and when? How the product is being used? How efficient the product is? Moretimeisspentanalyzingthedatainsteadofgatheringthedata.
- 48. favoriot Example - IsIt Worth to Track a Person? USD 20 Per Month Payfor Fun? PaytoSaveUSD 30permonth PaytogetnewRevenue USD25permonth PayforLoyalty Program
- 49. favoriot CONNECTED OPERATIONS Join/link devices, sensors, metersto network. R E M O T E O P E R A T I O N S . Monitor, control, asset management. P R E D I C T I V E A N A L Y S I S . Identify, understand, and immediately take best actions P R E D I C T I V E M A I N T E N A N C E . Increase uptime and productive hours.
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- 51. favoriot The Various IoTMarket Segments CONSUMER IOT • Wearables • Consumer goods • Smart Homes COMMERCIAL IOT • Transportation • Healthcare • Smart buildings • Defense and government • Insurance • Finance INDUSTRIAL IOT • Manufacturing • Mining • Oil and Gas • Agriculture INFRASTRUCTURE IOT • Smart Grid • Utilities • Smart Cities BUSINESS
- 52. favoriot TRANSPORTATION Connected cars area top IoT device. We estimate there will be over 220M connected cars on the road by 2020.
- 53. favoriot INSURANCE A survey hasfound 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.
- 54. favoriot Are You ASafe Driver?
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- 56. favoriot CONNECTED HOME Smart metersare 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
- 57. favoriot AGRICULTURE We estimate 75MIoT 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
- 58. favoriot SMART BUILDINGS 43% ofbuilding 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.
- 59. favoriot IOT IN BANKINGAND FINANCIAL During the next few years, wearable technologies in banking and financial services market are expected to increase three-folds due to rapid technological advancements in this field.
- 60. favoriot MANUFACTURING 35% of manufacturersalready use smart sensors. 10% plan to implement them within a year, and 8% plan to implement them within 3 years, according to PwC.
- 61. favoriot HEALTHCARE We estimate 646MIoT devices will be used for healthcare by 2020. Connected healthcare devices can collect data, automate processes, and more.
- 62. favoriot Complexity of ManagingPilgrims 100 Ambulances 16,280 Officers 45,000 Tents 6,000 Security Cameras Dozens of Countries
- 63. favoriot Raqib Health Safety Peace of Mind SERVICE that monitorsthe MOST important ASSETS of an Individual The Solution Hajj/Umrah
- 64. favoriot The Solution Core IoTMiddleware/Platform RAQIB CRM & DASHBOARD • Customer Relationship Management (CRM) System • Customer monitoring dashboard RAQIB MOBILE APP • iOS and Android Mobile App for remote Customer monitoring especially for Family members RAQIB WEARABLE • Monitor customer location, health and provide constant communication SOS/EMERGENCY RESPONSE SYSTEM • SOS Alerts • Trouble Ticketing • Field Force – Assign Jobs
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- 66. favoriot Raqib Mobile App LocationECG Heartrate Blood Pressure
- 67. favoriot Countries on Trial SaudiArabia India Bangladesh Maldives Egypt Thailand
- 68. favoriot RAQIB Market andIts Potential Hajj/Umrah Senior Citizens Current Targeted Market Potential Market *The platform is flexible and open to integrate with different smart wearables or IoT devices using Open APIs Employee Travelers Patients Outdoor Sports
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- 70. favoriot Building IR 4.0Applications Leveraging the IOT Ecosystem
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- 72. favoriot One scenario couldbe as such: • The city would pay for access to the light sensors in order to decide when to turn on and off the street lights • A university may want access to the pollution information for research purposes for a limited period • The weather department would want the temperature and pressure data • The street town council center would want the temperature and humidity data for planning during rough weather Sensors that gather temperature, light, pressure, humidity and pollution. Commercial IoT Sensors Biz Model
- 73. favoriot Benefits of sensing-as-a-service Harnessing theCreativity Rapid Deployment Sustainable Business Model Assisting Scientific Community
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- 76. 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 Answersto questions. Symbols Understanding Answers to questions WHO WHY HOW WHAT WHERE WHEN Value is Created by Making Sense of Data
- 77. favoriot Categorizing Analytics Past • Descriptive •Diagnostic Present • Rules Engine • RT Analysis Future • Predictive • Prescriptive • What happened? • Why did it happen? • What is happening? • What could happen? • What should happen? Time
- 78. 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 Answersto questions. Symbols Understanding Answers to questions WHO WHY HOW WHAT WHERE WHEN Value is Created by Making Sense of Data
- 79. 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 Understanding Example: SmartParking 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?
- 80. favoriot Smart Parking Smart Parking WithSensors Location of Parking Availability Parking Utilization Tiered Pricing Parking
- 81. 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 Understanding Example: SmartWaste 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)
- 82. favoriot Smart Waste Management TIMELYSCHEDULE ALERT “I’M FULL” UNATTENDED GARBAGE RIGHT ROUTES
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- 84. 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 Answersto questions. Symbols Understanding Answers to questions WHO WHY HOW WHAT WHERE WHEN Design Your Value Pyramid
- 85. favoriot Home Health TransportOffice Waste IOT Platforms - From Vertical To Horizontal Blending Data - Creating New Compound Applications
- 86. favoriot Delivering The WholeIOT 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 An IoT platform is able to connect to devices and sensors in real time, process data and drive big-data analytics in the cloud.
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- 88. favoriot The Growing ofIoT Ecosystems favoriot favoriot Malaysia IoT Ecosystem IoT Middleware - Platform that connect devices IoT Ecosystem - Platform that connect businesses
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- 90. favoriot favoriot IoT Middleware “Creating anIoT Innovation Ecosystem”
- 91. favoriot Gateway 3G/Ethernet/Wi-Fi IOT Devices IOT Devices 3G/Ethernet/Wi-Fi HTTPS Push/PullService 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
- 92. favoriot Examples of IoTSolutions
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- 95. favoriot Demand for IoTTalent [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/ ]
- 96. favoriot Difficulty in coordinatingactions across different organization units Lack of courage to push radical transformation Lack of necessary talent Concern about cybersecurity when working with third party providers Lack of business case that justifies investment in the underlying IT architecture Top Barriers to Industry 4.0
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- 99. favoriot IoT eBooks 1) IoTNotes – Great to use for your IoT lectures! 2) Your IoT Journey – Compilation of best Blog articles on IoT
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