4. favoriot
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
BUSINESS SURVIVAL IN 21stCENTURY
13. favoriot
Where Are We In The Industrial Revolution
IR 1.0
(Manual
With Physical Tools)
IR 2.0
(Electrical)
IR 3.0
(Automation/
Internet)
IR 4.0
(Intelligence)
1.0 3.0
2.0 4.0
22. favoriot
Key to Digital Transformation
Door to
Success
01
02
03
04
Clear Vision and Mission
Good multi-talent
Champion that breaks down
all barriers
Mindset Transformation
27. favoriot
Why IoT is Now at an Inflection Point?
Cheaper and smaller.
Hardware
Key
Growth
Factors
Ripples of
technologies.
Simple and faster.
Software
Development
Becoming pervasive.
Connectivity
“Network Effects”
Metcalfe’s Law
Number of transistors double
every 2 years.
Moore’s Law
28. 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
29. favoriot
Understand Your Customer’s Business
Which?
Where?
How Frequently?
Why?
How?
Which features the customer uses
your product for?
Where and for how long your
customer used your product?
How frequently your
customer used the product?
Why your customer uses your
product?
How the customer uses your
product?
01
05
04
03
02
43. favoriot
National Technology and
Innovation Sandbox
RM100mil to explore new technologies
and innovations
National Technology and Innovation Sandbox
“Futurise Centre will be the test bed and
living lab for the development of national
regulatory sandbox. This will allow for policy
experimentation, the testing of innovative
ideas and new business models”.
Former Prime Minister,
Announcement of NRS,
GEC Summit 2017
52. 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)
APPLICATION
INTEGRATION
DATA MANAGEMENT
DATA STORE BUSINESS LOGIC
NOTIFICATION
ENGINE
REST API
Custom
Reporting
SECURITY
BIG DATA TOOLS
Application
Development
AUTHENTICATION
Data Analytics
REST CoAP
MQTT
REST
53. favoriot
Key Features of FAVORIOT IoT Platform
• Rapid Development
• User-friendly APIs
• Ease of onboarding IoT Devices
• Scalable platform
• Notification Engine – Email and
SMS
• IoT Support Forum Discussion
Board – Building Community
• Examples – Videos and Sample
Source Codes
• Many new and enhanced
features in Version 2.0 including
ability to make Dashboard Public
56. favoriot
Develop a small and focused solution that
can have immediate impact
Application
Start to integrate the back-end with the
existing system.
Integrate
New workflow, new business model and better
analytics.
Innovate
01
02
03
How Do We Start?