Recommended
Recommended
More Related Content
What's hot
What's hot (19)
Viewers also liked
Viewers also liked (10)
Similar to Internet of Things: The Elephants of IoT
Similar to Internet of Things: The Elephants of IoT (20)
Recently uploaded
Recently uploaded (20)
Internet of Things: The Elephants of IoT
- 1. The IoT Elephant How Huge is Huge! CARL FORD, CEO CROSSFIRE MEDIA PRODUCER DEVCON5 & IOT EVOLUTION
- 2. Simple Agenda • A Guided Tour of IoT • Why Companies Use IoT • A Survey Of IoT Users • How to Get Involved
- 3. IoT Over Hyped or Under ‘Huged’ ?
- 4. The Blind are Leading
- 5. IoT One With Everything $19 T by 2020! 50 B by 2020! This is the largest growth in the history of humans,” says Bryzek known as “the father of sensors”.
- 7. IoT Works For Me!
- 9. Shared As A Service
- 14. 2% Solution Reality Check This represents 90% of the $17 T Forecast Includes; Manufacturing, 3D Printing,
- 15. $266 B
- 16. BIG DATA IS HUGE 0 5 10 15 20 25 30 35 2003 2005 2015 2020 Population (Billion) Connected Devices (Billion) 4 ZB 44 ZB Source: IDC 2015 We Are Out Numbered
- 17. Perspective on Big Data 1 Trillion Drops of Water
- 18. Enterprises use IoT for: – Compliance – Healthcare HIPPA – Trucking elogs – Cold Chain / Food Safety – Efficiency – Industrial – Field Reporting – Surveillance – Profit – Jet Engines sold by thrust. – Point of Use Distribution – Shared Assets
- 19. Survey Results James Brehm surveyed our audiences to learn where they are in IoT deployment. • Over 100 different companies participated • 61% had already deployed an IoT Solution only 10% had nothing planned • Two to One B2B vs. B2C
- 20. 65% 32% Survey Respondent Profile 14 31% 22% How many employees are in the company you work for? <10 10 - 49 14% 50 - 499 18% 500 - 999 6% 1K - 5K 9% 5K+ Research 12% Product Management 10% Marketing 9% Sales / Business Development 18% Executive 21% Student 2% System Integrator 4% Other 8% Architect 8% Business Operations 3% Business Data Analyst Stakeholder 2% 2% What is your PRIMARY role in your company’s IoT projects? 22% Many Years Of 1 - 2 Years Of IoT Experience IoT Experience <1 Year Of IoT Experience 8% Limited IoT Experience 4% No IoT Experience How long have you been working on IoT projects? 34% Employee- Executive 39% 25% Employee - Individual Contributor 17% Consulta nt 13% Other 6% What is your job function? Employee – Manager 17% 12% 5% EMEA AP Latin America Geographic Location North America n=130
- 21. Improve A Business Process Why Are Companies Working on IoT? 3 20% 60% 11% 12% Reduce Costs Grow The Business Keep Up With Competitors Regulation & Compliance What is the purpose of your company’s IoT projects? 24% 2 60%of Companies working on IoT to Grow Revenue & Profits n=122
- 22. 45% Home Security 5 39% 38% 36% 36% 35% 34% 29% 29% 28% Energy Management Asset Tracking Building Automation Fleet Management Connected Car Home Automation Agriculture Smart Meters Business Security & Surveillance 27% 27% 24% 22% 21% 20% 19% 17% 15% 12% 11% Retail Security / Defense Digital Signage Natural Resource Monitoring Vending Fitness / Wellness Drones Usage Based Insurance Other What IoT Applications Are Being Developed & Deployed? What use case / industry does your company’s IoT solution address? Industrial Monitoring Healthcare 45% Wearables Nearly½working on Healthcare & Industrial Monitoring Applications 4 More than 1/3 working on Telematics n=113
- 23. Perceived Challenges 7 64% 51% 27% 22% 31% 44% 14% 16% 14% Interoperability Hardware Integration Network Connectivity Cost Can’t Prove the ROI Data Storage & Analysis Maintenance Other What are the barriers to growth of IoT? Security Security: Proliferation of connected devices creates new challenges for physical & cyber security Interoperability & Hardware Integration:No truly intelligent systems if things can’t communicate with each other. Need focus on Ease of Use Barriers address the need for industry standards Can’t ProveThe ROI: Need strong business case development to forecast incremental revenues & cost savings Cost: Up-front & recurring costs can scare off potential buyers Need to get past the hype and focus on how IoT benefits the bottom line Network Connectivity,Maintenance,& Data Analysis rank lower on the list of barriers to growth but call contribute to the complexity that is IoT n=108
- 24. Connectivity for IoT 8 44% 41% 25% 19% 19% 11% Wi-Fi Cellular Bluetooth Ethernet Zigbee Satellite LPWA Other What types of connectivity for your company's IoT Solutions? 74% 69% 70%+Using Wi-Fi or Cellular for IoT ~40%Using Bluetooth or Ethernet <25%Zigbee, Satellite, LPWA, Other n=108
- 25. 10% Measuring IoT Success 9 37% Goals but no quantifiable metrics or KPIs 23% Goal is to learn & improve IoT expertise 23% How does your company measure the success of IoT projects? Other 6% We do not measure success of IoT projects Quantifiable Metrics & KPIs <40%of Companies have quantifiable metrics & KPIs to measure success n=107
- 26. 12 41% 22% 23% 15% Capture, analyze, store, & make informed & timely decisions on data Capture & store some data but don't do any analysis Analyze data in real-time to make decisions Don’t captureor store any data Maximizing The Value From Data What does your company do with data from IoT? 22% Not DoingAny DataAnalysis Only 41% Making Informed &Timely Decisions on Data n=102
- 27. 13 Significantly improve 52% No Impact 13% Nice to have but not critical 35% Maximizing The Value From Data Would better analytics improve the ROI of your IOT project? 87% Link Improved DataAnalytics to Increased ROI n=102
- 28. Summary Results 15 Top IoT Applications Industrial Monitoring Healthcare Energy Management AssetTracking BuildingAutomation Fleet Management Connected Car 45% 45% 39% 38% 36% 36% 35% 73% Of respondents at companies currently active in IoT 60% Of companies working on IoT to Grow Revenue & Profits 68%Of companies working on B2B IoT Solutions <40% of Companies have quantifiable metrics & KPIs to measure IoT success 70%+ UsingWi-Fi or Cellular For Connectivity Companies PerceivedAs IoT Leaders Challenges to Growth in IoT Security Interoperability Can’t Prove the ROI Cost Hardware Integration Connectivity 64% 51% 44% 31% 27% 22%
- 29. Parting Thoughts • Pareto Paradox – 80% of the Huge Noise about IOT will be Consumer driven – 80% of the Huge Value will be in the Enterprise • Download my Whitepaper: Connected Home & Building Market Forecast: http://www.connectedhomecon.com/west/ • Download the survey http://www.iotevolutionexpo.com/west/iot-industry-report.aspx • Reach out to me Carl@crossfiremedia.com
Editor's Notes
- Let’s try to make this more practical and ask some friends. Now I will warn you they are zealous “evangelical” and myopic “nearsighted” to the point where they have been called “the seven blind monks”. I must warn you that their myopia and evangelical nature makes they adamant that their IoT is the only IoT.
- Cisco forecasts $19 trillion of economic value created by the “Internet of Everything” in the year 2020. “This is the largest growth in the history of humans,” says Bryzek known as “the father of sensors”. Reality Check in 2013 US GDP is $16 trillion. GWP is $ 75 trillion. It’s everything we touch and wearables. Fit Bits, Smart Phone, Tablets, etc.
- This includes home security systems, thermostats, lighting, proximity, appliances, and entertainment. Reality Check? This forecast needs a bundle! The sum of the parts is much greater than the whole. And Yet Everyone sounds like they are in the Highlander!
- This includes home security systems, thermostats, lighting, proximity, appliances, and entertainment. Reality Check? This forecast needs a bundle! The sum of the parts is much greater than the whole. And Yet Everyone sounds like they are in the Highlander!
- St. John Bury Trucking right size. $4B Annually every hour
- Our Sensors are ahead of us Suboptizimed 266B looks huge but it has to grow
- Zeta is 1B times the Storage on your Desktop 1000 Gigabytes = 1 Terabyte. · 1000 Terabytes = 1 Petabyte. 1000 Petabytes = 1 Exabyte. · 1000 Exabytes = 1 Zettabyte.
- Multiple answers allowed
- This detail is available. Here are the deployments This is Brown Field not Greenfield Key consideration much of this building on top of existing systems
- No Real Reason Full Deployment of the Standard Challenges. Keep this slide for when you want to object to anything Traditional objections
- Cellular Data Rules But its too expensive for the long haul. Alternatives look good, but carriers have new alternatives coming as well.
- We Don’t Know what We Don’t know We don’t even understand what we know. In a world of nails we discovered a saw