The document discusses key trends and challenges related to scaling the Internet of Things (IoT). Some of the main points covered include:
- By 2020, there will be over 30 billion connected devices globally, creating both opportunities and disruptions across industries.
- Value will take time to realize as adoption varies by industry and use case. Infrastructure, platforms, applications and solutions will need to evolve to address issues like interoperability, data volumes, and integrated solutions.
- Technologies like sensors, connectivity and cloud platforms will continue advancing but fragmentation remains, creating opportunities for new solutions. Costs will fall but functionality will shift more to mobile and wearables.
- Both ecosystem-level and company-specific actions
IoT is one of the transformational trends that will shape the future of businesses in 2017 and beyond. Many firms see big opportunity in IoT uses and enterprises start to believe that IoT holds the promise to enhance customer relationships and drive business growth by improving quality, productivity, and reliability on one side, and on the other side reducing costs, risk, and theft.
Look at the present and future of IoT from the perspective of technology, the channel and end-users with CompTIA’s Internet of Things Insights and Opportunities study.
Welcome to the future of the Internet of Things. IoT Viewpoints 2018 is a collection of Ovum’s newest thought leadership on emerging IoT trends, technologies and opportunities.
Key challenges facing the future of IoTAhmed Banafa
The Internet of Things (#IoT) phenomenon—ubiquitous connected things providing key physical data and further processing of that data in the cloud to deliver business insights— presents a huge opportunity for many players in all businesses and industries. Many companies are organizing themselves to focus on IoT and the connectivity of their future products and services. For the IoT industry to thrive there are three categories of challenges to overcome and this is true for any new trend in technology not only IoT:
IoT Challenges
Technology
Business
Society
IoT is one of the transformational trends that will shape the future of businesses in 2017 and beyond. Many firms see big opportunity in IoT uses and enterprises start to believe that IoT holds the promise to enhance customer relationships and drive business growth by improving quality, productivity, and reliability on one side, and on the other side reducing costs, risk, and theft.
Look at the present and future of IoT from the perspective of technology, the channel and end-users with CompTIA’s Internet of Things Insights and Opportunities study.
Welcome to the future of the Internet of Things. IoT Viewpoints 2018 is a collection of Ovum’s newest thought leadership on emerging IoT trends, technologies and opportunities.
Key challenges facing the future of IoTAhmed Banafa
The Internet of Things (#IoT) phenomenon—ubiquitous connected things providing key physical data and further processing of that data in the cloud to deliver business insights— presents a huge opportunity for many players in all businesses and industries. Many companies are organizing themselves to focus on IoT and the connectivity of their future products and services. For the IoT industry to thrive there are three categories of challenges to overcome and this is true for any new trend in technology not only IoT:
IoT Challenges
Technology
Business
Society
INTRODUCTION
IoT history
IoT world
IoT in Gartner Hype cycle
IoT economic impact and trends
ABOUT IoT
What is IoT ?
IoT market environment
Technologies behind IoT
IoT global roadmap
What is IoT ?
IoT market environment
Technologies behind IoT
IoT global roadmap
APPLICATIONS OF IoT
Selection of impacting examples
IS IoT FOR YOU?
List of questions to help you moving forward!
Why should you start exploring IoT opportunities?
Preliminary questions before jumping in (Skills, assets…)
Internet of Things Corporate PresentationMomentumPR
Internet of Things Inc. (TSX-V: ITT) is an IoT software and solutions provider acquiring and implementing strategic disruptive solutions targeting the Industrial IoT markets including: manufacturing, agriculture, energy management, transportation.
The Internet of Things (IoT) is actively shaping both the industrial and consumer worlds. Smart tech finds its way to every business and consumer domain there is — from retail to healthcare, from finances to logistics — and a missed opportunity strategically employed by a competitor can easily qualify as a long-term failure for companies who don’t innovate.
Check out more articles at- https://insideaiml.com/articles
Internet of Things (IoT): More than Smart “Things”Ahmed Banafa
By 2020, experts forecast that up to 28 billion devices will be connected to the Internet with only one third of them being computers, smartphones and tablets. The remaining two thirds will be other “devices” – sensors, terminals, household appliances, thermostats, televisions, automobiles, production machinery, urban infrastructure and many other “things”, which traditionally have not been Internet enabled.
This “Internet of Things” (IoT) represents a remarkable transformation of the way in which our world will soon interact. Much like the World Wide Web connected computers to networks, and the next evolution connected people to the Internet and other people, IoT looks poised to interconnect devices, people, environments, virtual objects and machines in ways that only science fiction writers could have imagined.
In a nutshell the Internet of Things (IoT) is the convergence of connecting people, things, data and processes is transforming our life, business and everything in between.
From the conference Future Tech in Insurance at Forsikringsakademiet, nov 15 2016. Defining cognitive and how that is relevant for insurance companies.
Wikibon's annual Predictions webinar discussed 13 predictions across digital business, IoT, AI, big data, AppDev, cloud, and future systems architecture.
This presentation provides an overview of the IIoT (Industrial Internet of Things) market in (Fall 2017) with respect to a large enterprise project.
I hope you find this information useful in starting or expanding your own IIoT Project!
Er vi alle vindere når ny teknologi, -arbejdsformer og innovation udfordrer d...Kim Escherich
From the Børsen IT-Value conference in the PPP-track. Covers the difficult task of making successfull projects in the greyzone between public and private
The Connected world evolves and more elements of our analogue world and being connected to our digital world. WE all need to understand this mega-trend and the drivers for IoT in 2017 and beyond
Smart Industry 4.0: IBM Watson IoT in de praktijkIoT Academy
Tijdens de tweede IoT meetup van 2017 gaf Ronald Teijken inzicht hoe bedrijven slimmer complexe beslissingen kan nemen dankzij het Watson IoT Platform van IBM. Sensoren, Data, Analytics, Cognitive zijn enkele onderwerpen die hierbij aan bod kwamen.
The Internet of Things - beyond the hype and towards ROIPerry Lea
How do you move beyond the hype of IoT and towards profitability? This short lecture examines the hype and origin of IoT and the reality of the industry. It then talks about my experiences with the industry, customers, and technologists. Some have outright failed in IoT projects, others are succeeding.
Get beyond the prototype and lab experiment.
INTRODUCTION
IoT history
IoT world
IoT in Gartner Hype cycle
IoT economic impact and trends
ABOUT IoT
What is IoT ?
IoT market environment
Technologies behind IoT
IoT global roadmap
What is IoT ?
IoT market environment
Technologies behind IoT
IoT global roadmap
APPLICATIONS OF IoT
Selection of impacting examples
IS IoT FOR YOU?
List of questions to help you moving forward!
Why should you start exploring IoT opportunities?
Preliminary questions before jumping in (Skills, assets…)
Internet of Things Corporate PresentationMomentumPR
Internet of Things Inc. (TSX-V: ITT) is an IoT software and solutions provider acquiring and implementing strategic disruptive solutions targeting the Industrial IoT markets including: manufacturing, agriculture, energy management, transportation.
The Internet of Things (IoT) is actively shaping both the industrial and consumer worlds. Smart tech finds its way to every business and consumer domain there is — from retail to healthcare, from finances to logistics — and a missed opportunity strategically employed by a competitor can easily qualify as a long-term failure for companies who don’t innovate.
Check out more articles at- https://insideaiml.com/articles
Internet of Things (IoT): More than Smart “Things”Ahmed Banafa
By 2020, experts forecast that up to 28 billion devices will be connected to the Internet with only one third of them being computers, smartphones and tablets. The remaining two thirds will be other “devices” – sensors, terminals, household appliances, thermostats, televisions, automobiles, production machinery, urban infrastructure and many other “things”, which traditionally have not been Internet enabled.
This “Internet of Things” (IoT) represents a remarkable transformation of the way in which our world will soon interact. Much like the World Wide Web connected computers to networks, and the next evolution connected people to the Internet and other people, IoT looks poised to interconnect devices, people, environments, virtual objects and machines in ways that only science fiction writers could have imagined.
In a nutshell the Internet of Things (IoT) is the convergence of connecting people, things, data and processes is transforming our life, business and everything in between.
From the conference Future Tech in Insurance at Forsikringsakademiet, nov 15 2016. Defining cognitive and how that is relevant for insurance companies.
Wikibon's annual Predictions webinar discussed 13 predictions across digital business, IoT, AI, big data, AppDev, cloud, and future systems architecture.
This presentation provides an overview of the IIoT (Industrial Internet of Things) market in (Fall 2017) with respect to a large enterprise project.
I hope you find this information useful in starting or expanding your own IIoT Project!
Er vi alle vindere når ny teknologi, -arbejdsformer og innovation udfordrer d...Kim Escherich
From the Børsen IT-Value conference in the PPP-track. Covers the difficult task of making successfull projects in the greyzone between public and private
The Connected world evolves and more elements of our analogue world and being connected to our digital world. WE all need to understand this mega-trend and the drivers for IoT in 2017 and beyond
Smart Industry 4.0: IBM Watson IoT in de praktijkIoT Academy
Tijdens de tweede IoT meetup van 2017 gaf Ronald Teijken inzicht hoe bedrijven slimmer complexe beslissingen kan nemen dankzij het Watson IoT Platform van IBM. Sensoren, Data, Analytics, Cognitive zijn enkele onderwerpen die hierbij aan bod kwamen.
The Internet of Things - beyond the hype and towards ROIPerry Lea
How do you move beyond the hype of IoT and towards profitability? This short lecture examines the hype and origin of IoT and the reality of the industry. It then talks about my experiences with the industry, customers, and technologists. Some have outright failed in IoT projects, others are succeeding.
Get beyond the prototype and lab experiment.
IoT is predicted to be the huge industry with billions connected devices and enormous volume of data generated. Even Big Data will not be big enough if it is not for IoT. Telecommunication industry is destined to play some role here and this role will certainly be opening the gates to the Internet for a massive number of sensors, objects and devices. However, it is expected that connection part of the IoT value chain would vary from 0 to mere 10 percent leaving the largest portion of created value to other industry players. CSPs are definitely in the show but are the last and the least in the guest list.
Not all opportunities gone, though, and some telecommunication majors transform the business and sophisticate the product lineups to capture more value going forward. There is still time for many CSPs to figure out how to take themselves from M2M mindset into the IoT paradigm through reimagining the business and building the ecosystem before the boat is missed altogether. Where trends are heading to, what products are first to be delivered and where in the value split CSPs can have more impact? I have shared my vision on this matter and would be grateful for receiving any of your thoughts too.
Thank you!
Internet of Things is predicted to become a huge industry with billions connected devices and enormous volume of data generated. Even Big Data will not be big enough if it is not for IoT. Telecommunication industry is destined to play some role here and this role will certainly be opening the gates to the Internet for a massive number of sensors, objects and devices. However, it is expected that connection part of the IoT value chain would vary from 0 to mere 10 percent leaving the largest portion of created value to other industry players. CSPs are definitely in the show but are the last and the least in the guest list.
Not all opportunities gone, of course, and some telecommunication majors transform the business and sophisticate the product lineups to capture more value going forward. There is still time for many CSPs to figure out how to take themselves from M2M mindset into the IoT paradigm through reimagining the business and building the ecosystem before the boat is missed altogether. Where trends are heading to, what products are first to be delivered and where in the value split CSPs can have more impact? I have shared my vision on this matter and would be grateful for receiving any of your thoughts too.
Thank you!
The Internet of things (IoT) is growing rapidly and 2018 will be a fascinating year for the IoT industry. IoT technology continues to evolve at an incredibly rapid pace,
Consumers and businesses alike are anticipating the next big innovation. They are all set to embrace the ground-breaking impact of the Internet of Things on our lives like ATMs that report crimes around them, forks that tell you if you are eating fast, or IP address for each organ of your body for doctors to connect and check,.
In 2018, IoT will see tremendous growth in all directions; the following 8 trends are the main developments we predict for next year:
New trends of IoT in 2018 and beyond (SJSU Conference ) Ahmed Banafa
The Internet of things (IoT) is growing rapidly and 2018 will be a fascinating year for the IoT industry. IoT technology continues to evolve at an incredibly rapid pace. Consumers and businesses alike are anticipating the next big innovation. They are all set to embrace the ground-breaking impact of the Internet of Things on our lives like ATMs that report crimes around them, forks that tell you if you are eating fast, or IP address for each organ of your body for doctors to connect and check
In this seminar you will listen to in depth explanation of the hottest technologies in 2019 and beyond. Prof. Banafa will discuss each technology its applications and challenges with real life cases. The interaction among all the four technology will be explored with focus on future trends in each of technology. As all technologies can be summarized in one word IBAC (IoT, Blockchain, AI, Cybersecurity) they can be explained with the following words: IoT: senses, Blockchain: remembers, AI: thinks, and Cybersecurity: protects.
The following list of predictions (Figure 1) explores the state of IoT in 2019 and covering IoT impact on many aspects business and technology including Digital Transformation, Blockchain, AI, and 5G.
Presentation on iot market report, internet industry report, growth, overview, size, share, opportunities, company profiling, trends & forecast 2015-2021
Attaining IoT Value: How To Move from Connecting Things to Capturing InsightsSustainable Brands
Cisco estimates that the Internet of Everything (IoE) — the networked connection of people, process, data, and things — will generate $19 trillion in Value at Stake for the private and public sectors combined between 2013 and 2022. More than 42 percent of this value — $8 trillion — will come from one of IoE’s chief enablers, the Internet of Things (IoT). Defined by Cisco as “the intelligent connectivity of physical devices, driving massive gains in efficiency, business growth, and quality of life,” IoT often represents the quickest path to IoE value for private and public sector organizations.
This paper combines original and secondary research, as well as economic analysis, to provide a roadmap for maximizing value from IoT investments. It also explains why, in the worlds of IoT and IoE, the combination of edge computing/analytics and data center/cloud is essential to driving actionable insights that produce improved business outcomes.
Can blockchain technology be the answer to IoT and AI security for Industry 4.0? Industrial Security Forum - The Secure Path of the Digital Future - Presentation at the Hannover Messe Industrie (HMI), Germany in April 2018
11 things IT leaders need to know about the internet of things WGroup
The Internet of Things (IoT) is the next phase in the evolution of the Internet. More than 100 devices connect to the Internet every second. By 2020, Cisco estimates that number to be more than 250 per second. Morgan Stanley projects the Internet will be loaded with 75 billion devices by the end of the decade. This document discusses WGroup's perspective on what 11 things IT leaders need to know about IoT.
1. Internet of Things –
From Idea to Scale
PRG Symposium
alex.blanter@atkearney.com
@AlexBlanter
September 12, 2014
2. You are here today because you are interested in the
Internet of Things – and so is everybody else
iot
internet of things
security2020
cloud trends
cisco
2013
mean
blog
ioe
check
companies
great
theiot
ibm
need m2m
data mobile
people
time
web
2014
tech
google
smart
big
join
app
world
ITblogs
technology
connected
business
bluetooth
digital
today
launches
devices
big data start
gigaom
post
potential
On track for nearly
26,000 publications
2X rate increase in
less than 6 months
5. IoT will be pervasive… are you ready?
2013 to 2020: From half as
many to twice as many –
growth of IoT devices relative
to traditional connected
devices
Over 7.7 billion people
20X+ as many connected
devices per person
Over 3.2M peopleNearly 30 billion devices
By 2020 in the World…
Over 3.5
per every human on the planet
By 2020 in Silicon Valley…
For a family of four: 250+
For us in this room: 15,000+
For all in Silicon Valley: 200M+
Internet of
Things
Traditional
connected
devices
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
0
5
10
15
20
25
30
Connected
devices
6. IoT will be materially disruptive – there will be
winners and losers
By 2020 IoT will impact close to 6% of the global
economy
$3.5T
Revenue
Redistributed
$1.9T
Productivity
Improvement
$177B
Value to End
Customer
$344B
Additional IoT
Revenues
Revenues directly
attributable to sale of
IoT hardware, software,
and services
Direct reduction in
costs driven by IoT and
realized by end
customers
Direct increase in output per
unit of cost, enabled by IoT
and reinvested in productive
assets and activities
Revenues realized within the world
economy that will potentially move
from one player to another with no
net increase in total economy
Global
Economy in
2020
$100T
7. Additional IoT revenues will be split in
a multitude of ways
Enterprise
Consumer
Public Sector
$217B
$97B
$30B
63%
28%
9%
$344B
Additional IoT
Revenues
Survey Results:
Time to Value Rank
1
2
3
$196B57%
$41B12% 18%$62B
13%$45B
8. 2010 2015 2020 2025 2030
It will take years for IoT potential to be realized
Value
buzz
1
• $1.1B of . VC investment in
IoT – growing at 46% vs. 7%
growth for all VC investment
• US government is investing
$100M per year and UK just
announced a £45m
investment
• Cisco is investing $1B over 5
years; Intel has created IoT
BU
• AT&T, Cisco, Intel, GE, IBM
forming Consortium
Survey Results
13% 22%59% 2% 4%
Do you have the right timeframe in mind?
9. Not all industries will adopt IoT at the same time
2.1
2.3
3.5
4.3
4.4
5.7
5.9
Manufacturing
Retail / Consumer Products
Transportation / Logistics
Healthcare
Financial Services
Natural Resources
Education
Focusing your bets will be essential
Rank ordered responses, with 1 – fastest time to value
10. zz
Some value propositions are really compelling –
Smart Clothing example
Mobile apps that
provide the user
interface and
tethered cloud
connectivity
User
Cloud platform &
software stack
for new use cases
to be developed by
multiple providers
Data storage and
analytics platform
Otherusers
Smart Clothing &
Braces
with embedded
sensors, medical
monitors, and
actuators
Wearables
with Bluetooth
connectivity that
transmit the sensed
information to a
Smartphone… or
two other
Wearables
Service
providers
• Healthcare
• Wellness
• Fitness
• Athletics
• Insurance
• Remote care
• Health & wellness
mgmt.
• Emergency services
• Visualization
• Services mgmt.• Direct feedback
• Therapeutic
intervention
Source: Pictures from company websites sensoria, djoglobal, fitbit, nod, gowtrainer
Information flow Services
11. Some value propositions are really compelling –
Smart Parking example
Real-time data is
published via mobile
apps offering data and
analytics
Integration with
mobile parking
payment
vendors
Wireless sensors
in parking spots and
connected cameras
around the
Smart City combined
with driver locations
to sense supply &
demand for parking
spaces
Cloud Platform
Data from
sensors and
users relayed to
the cloud via a
city wide area
network and
mobile
connectivity
Smart
City
• Parking
• Enforcement
• Congestion
incentives
• Payments
processing
Source: Pictures from company websites streetline, parkmobile, parkbyphone
Information flow Services
12. Delivering IoT solutions will require multiple
capabilities
• Communication
• Control & automation
• Storage & retrieval
• Data analysis & decision
• Transactional
• Monitoring & control
• Content
• Optimization
• Mobility
• Sharing
• Interactive
• Marketplace
• Internet access and connectivity
infrastructure
• Data aggregation and storage
• Computing
• App & service development enablers
& APIs
• Deployment & management solutions
• Sensors & actuators
• Radio
• Embedded processors
• Smart modules
• Wearables
13. IoT Tech Key Trends – Sensors & Devices
Source: A.T. Kearney
Costs will continue to fall – but will continue
to matter
• Cost of adding basic IoT functionality is expected to decrease
five-fold from $5 today to $1 in 2020
• Some costs will remain fairly flat – cost of actuators, embedded
computing capability, smart user interfaces
• Additional costs in higher integration complexity as the edge
device or module is made smarter
Functionality will continue to migrate to
mobile and wearable
• Will provide more granular and timely location, motion, impact
and other data that’s good for most relevant applications
• Wearables (growing by >30% per year) are proliferating in a
wide variety of form factors and targeting multiple end uses
Market will continue to be fragmented,
creating opportunities for new entrants
• Market for sensors & devices is fragmented along verticals and
use cases – expected to be the case through 2020
• High levels of startup creation and M&A activity are expected as
evidenced by ~50% growth in venture funding in the IoT spce
14. IoT Tech Key Trends – Infrastructure & Platforms
Source: A.T. Kearney
• Mobile broadband internet penetration expected to grow from
74% in 2013 to 83% by 2018
• Home broadband will reach saturation by 2017 with ~75%
penetration
• Nearly all will have cellular coverage and nearly half of
households will be cellphone only by 2020
Connectivity will become pervasive
• Data aggregation & storage costs have fallen by >50% from
2009 to 2013 while computing power for a given size and cost
has doubled every 18 months for the past 30 years; these trends
are expected to continue
• The market will be fragmented along verticals as vertical-
specific platform players bring application & service enablers to
address specific pain points of the customer
• Investment by infrastructure and platform providers will continue
to outpace enterprise IT investment as well as public sector
IT infrastructure investment
Focus of innovation and investment will shift
to cloud platforms
15. IoT Tech Key Trends – Applications
Source: A.T. Kearney
• Many players are attempting to create a walled garden
ecosystem of sensors &devices and applications – this trend will
continue and players will continue to aggressively compete for
the right to be the channel to the consumer
• More than one ecosystem will exist and each will be open to
outside 3rd parties to deliver value added services
The battle to control the customer interface
will continue
Applications will continue to be targeted –
value will migrate to analytics & decisioning
• The majority of applications are specific to a single use case or
a collection of use cases (vs. an integrated suite)
• Basic communication and storage & retrieval apps are ahead
of control & automation and data analysis – the former will
likely get commoditized while the latter remain proprietary
• Initial focus on data transparency will evolve to a focus on
insights from aggregate information pools
16. Challenges to IoT deployment and value span 6 areas
Industries
Things
Value and Impact
Policies&Standards
Identify
Sense
Connect
Collect
Analyze
Act
Enterprise
Consumer
Public Sector • Lack of standards for critical
layers of IoT solutions
• Multitude of alliances and
partnerships
• Policies not keeping up with
technological advancement
• Lack of scale needed to
achieve acceptable cost
points
• Limited near term business cases
• Concerns about design and
implementation complexity
• Complex
interoperability
• Complex interoperability
• Legacy environments
• Exponentially growing data volumes
• Lack of integrated end-
to-end solutions that
deliver value
17. Succeeding in IoT – going from Idea to Scale – will
require a different way of doing business
1. Standardized platforms and
interfaces
2. Updated policies and regulations
3. Defined cross-industry collaboration
models and alliances
4. Strategically eliminated systemic
bottlenecks
5. Relentlessly lowered costs
Overall Ecosystem Individual Company
1. Clarity of business value
2. Strategic and operational flexibility
3. Focus on superior innovation
4. Collaborative and co-creative culture
5. Teams capable of ecosystem
collaboration