This document discusses new talents needed for Malaysia's growing Internet of Things (IoT) ecosystem. It covers several key topics:
1. The four industrial revolutions and barriers to adopting IR 4.0 like lack of necessary talent.
2. The phases of IoT maturity from monitoring to autonomous optimization.
3. The importance of pilot trials to test IoT technology, adoption, business models, and policies.
4. How IoT is transforming business models and creating new opportunities in areas like transportation and insurance.
This presentation by Morris Kleiner (University of Minnesota), was made during the discussion “Competition and Regulation in Professions and Occupations” held at the Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found out at oe.cd/crps.
This presentation was uploaded with the author’s consent.
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1. favoriot
New Talents for New IoT
Ecosystem in Malaysia
Dr. Mazlan Abbas
8 July, 2019 @ TVET Conference
Subject Matter Expert
Malaysian Technical Standards Forum Bhd (MTSFB)
Designated By Malaysian Communications & Multimedia
Commission (MCMC)
2. favoriot
All the 4THINGS You Need
to Know
• 4 Era of Industrial Revolution
• 4 Barriers of IR 4.0
• 4 Phases of IoT Maturity
• 4 Reasons for a Pilot Trial
• 4 Business Models Transformation
• 4 Levels of Value Pyramid
• 4 Important Areas in IoT Value Chain
• 4 Reasons Why Telcos Have Difficulty to
Embrace IoT
• 4 Traits of the New Generation-IoT
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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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Where Are We In The Industrial Revolution
IR 1.0
(Manual)
IR 2.0
(Electrical)
IR 3.0
(Automation/
Internet)
IR 4.0
(Intelligence)
1.0 3.0
2.0 4.0
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Difficulty in coordinating actions
across different organization units
Lack of courage to push radical
transformation
Lack of necessary talent
Lack of business case that justifies
investment in the underlying IR 4.0
architecture
Top Barriers
to IR 4.0
29. favoriot
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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TRANSPORTATION
Connected cars are a top IoT device. We
estimate there will be over 220M connected cars
on the road by 2020.
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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(4) Stable Business Vs. Risky Ventures
Telco business
culture
Different
stakeholders
expectation
IOT business is fluid
Need to work like
startup
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s m a r t c i t y
smart transport
s m a r t
a u t o m o t i v e
End-to-End IoT Service Provider
Device
Provider
Network
Provider
Platform
Provider
Application
Provider
Customer
Network Platform
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s m a r t c i t y
smart logistics
s m a r t
a u t o m o t i v e
Business Model
Device
Provider
Network
Provider
Platform
Provider
Application
Provider
Customer
Network
Platform
Platform
1
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s m a r t c i t y
smart logistics
s m a r t
a u t o m o t i v e
Business Model
Device
Provider
Network
Provider
Platform
Provider
Application
Provider
Customer
Network Platform
2
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s m a r t c i t y
smart logistics
s m a r t
a u t o m o t i v e
Business Model
Device
Provider
Network
Provider
Platform
Provider
Application
Provider
Customer
Network Platform
IOT
Subsidiary
3
68. favoriot
s m a r t c i t y
smart logistics
s m a r t
a u t o m o t i v e
Business Model
Device
Provider
Network
Provider
Platform
Provider
Application
Provider
Customer
Network Platform
4
70. favoriot
s m a r t c i t y
smart logistics
s m a r t
a u t o m o t i v e
Business Model
Device
Provider
Network
Provider
Platform
Provider
Application
Provider
Customer
Network Platform
5
71. favoriot
s m a r t c i t y
smart logistics t
s m a r t
a u t o m o t i v e
Business Model - Hybrid
Device
Provider
Network
Provider
Platform
Provider
Application
Provider
Customer
Network Platform
6
74. favoriot
A new generation of leaders,
makers, thinkers, and doers is
meeting that change with
flexibility and optimism and
transforming it into opportunity.