The document discusses Internet of Things (IoT) trends, challenges and opportunities. It defines IoT as connecting physical assets through sensors and data analytics. The key benefits of IoT include transforming businesses by re-inventing customer experience, improving operational efficiency, and developing new business models. Various industry examples are provided to illustrate potential IoT solutions and markets. Operational elements for IoT success include strategic planning, building diverse teams, securing leadership support, and designing flexible solutions.

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Internet Of Things
- Trends, Challenges And
Opportunities
Dr. Mazlan Abbas
CEO – FAVORIOT Sdn Bhd
Email: mazlan@favoriot.com
21 Jun, 2017 - Dewan Kuliah C, Tingkat 6, Fakulti Kejuruteraan Elektrik, UiTM Shah Alam

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What Do You See in Common?

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The 3 Tsunamis of Internet
Fixed Internet Mobile Internet Internet of Things (IOT)

4. favoriotGeneration-IoT:
The Key to Business Survival in 21st Century
A new generation of
leaders, makers, thinkers,
and doers is meeting that
change with flexibility
and optimism and
transforming it into
opportunity.
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.
All are willing to learn and
take risks and are good
at building virtual teams
internally and partnering
externally.
They are pioneers in IoT

5. favoriotGeneration-IoT:
The Key to Business Survival in 21st Century
They are eager to
champion and drive
these opportunities in
their organizations.
They know that in order
to succeed they and
their organizations need
to adjust and re-learn,
over and over again.
These people know that
IoT is not just one
project, one training
session, one change.
These are the people
who see the
transformational power
of IoT-driven processes,
business models, and
new revenue streams.

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Understanding IOT
What is Exactly Internet of Things?

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Components of Internet Of Things (IoT)
Things
(Sensors & Actuators)
Connectivity Data Analytics

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[Source: http://postscapes.com/what-exactly-is-the-internet-of-things-infographic ]

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[Source: http://postscapes.com/what-exactly-is-the-internet-of-things-infographic ]

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[Source: http://postscapes.com/what-exactly-is-the-internet-of-things-infographic ]

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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

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The Importance Of Getting
Things Connected
The need to connect assets

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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

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Who Benefits From Connected Assets?
Operating
environment
Other products
“things”
Maker
Users
Connected Assets

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How Should I Think About IoT?
Device
connectivity &
management
Connecting insights
back to business
Analytics &
operational
insights

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IOT Statistics
[Source: http://www.informationisbeautiful.net/visualizations/the-internet-of-things-a-primer/ ]

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Understanding IoT Maturity
Phases

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Monitoring
Autonomous
OptimizationControl
IOT Maturity

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MONITORING
Vehicle Tracking

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CONTROL
Security Lock
Immobilizer

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OPTIMISE
Best Route
Safe Fuel
Optimize Engine

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AUTONOMOUS
Self-Cruising
Safe-Sailing

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The Triple Benefits Of IoT
Transforming Your Businesses

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Re-invent
The Customer Experience

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Improved
Operational Efficiency
Costs Reduction

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DevelopNew
Business Models

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Market Potential
Examples

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Transportation and Logistics
IoT Solution
Sensors in vehicles report
the state of each vehicle
PAYBACK
COSTS
Reduce truck operation
and delivery system costs
EFFICIENCY
Reduced delivery
disruptions
Increased on-time delivery
Optimized logistics systems

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Oil & Gas IoT Solution
Sensors placed throughout
an oil rig enable operators
to identify problems before
they occur
PAYBACK
SAFETY
Increased safety with
earlier and more reliable
warnings
EFFICIENCY
Real-time alerts
Reduced time to oil
extraction (faster to
revenue)
4x asset utilization
Full data use with near real-
time analysis

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Smart CityIoT Solution
Connected devices improve a
multitude of city services
PAYBACK
REVENUE
Increased 20%+
COSTS
Reduced operational
expenses by 30%+
EFFICIENCY
Increased planning efficiency
Optimized personnel with more
data
QUALITY-OF-LIFE
Improving citizen experience
Improving safety and security

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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.

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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.

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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]

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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]

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QUANTIFIED SELF
And
LIFE LOGGING

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What If You Can Measure Your Activity?

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What If You Can Have A Digital Diary?

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Understanding Oneself

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Am I Having Enough Exercise?

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Am I Productive?

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Define Your Data… But What
Data?
How to Start Building Your First IoT Solution

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Data Ownerships
Personal/Household
Private
Public
CommercialSensorDataProvider

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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

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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?

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Smart Parking
Smart Parking
With Sensors
Location of
Parking
Availability
Parking
Utilization
Tiered Pricing
Parking

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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)

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Smart Waste Management
TIMELY SCHEDULE
ALERT
“I’M FULL”
UNATTENDED
GARBAGE
RIGHT ROUTES

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Home Health Transport OfficeWaste
IOT Platforms - From Vertical To Horizontal
Blending Data - Creating New Compound Applications

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Who are the IOT players?
IOT ECOSYSTEM

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Building IOT Solutions
PARTNERING WITH FAVORIOT

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Delivering The Whole IOT Puzzle
Internet
Biometric
Ultrasonic
Temp
Humidity
Pressure
Motion
Position
Light
Image
Motor
Switch
Lighting
Valve
SensorsActuators
IOTPlatform
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

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IOT Solution Brief Worksheet

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IOT Solution Brief Worksheet - Example

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Benefits of Using favoriot
1. Cloud-based platform (PaaS and SaaS)
2. Reduces time to market from months to weeks
3. Reduces the cost and risk of application
development
4. Can be easily tailored for multiple business
applications and different market segments
5. Capable of handling millions of devices, data
streams and scale elastically
6. Simple business rule creation process
7. Easily handling data ownership for sharing and
monetizing
8. As the platform evolves, you get new features
easily

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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

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Examples of IoT Solutions

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IoT Key Success Factors
Embrace the Recipe for IoT Success

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Operational Elements of IoT Success
Start with strategy,
planning, and
preparation
Build a diverse
team
Secure C-suite
sponsorship
Communicate
and drive
convergence

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Operational Elements of IoT Success
Rethink operations
from the ground
up
Educate and train
Design for
flexibility
Revisit repeatedly.
IoT isn’t a once-and-
done effort or project.
It’s dynamic and
always changing

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http://iotworld.co

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www.favoriot.com
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