Brian Dalgetty discusses the impact of the Internet of Things (IoT) and how IBM Watson IoT is addressing challenges in capturing and responding to data from IoT devices in real time. The IoT connects physical devices to collect and share data through sensors and connectivity. By 2020, there will be 25 billion IoT devices installed, creating $3.6 trillion in economic impact annually. IBM Watson IoT uses cognitive technologies like machine learning and natural language processing to help organizations improve operations, customer experiences, and create new business models from IoT data.
1. Brian Dalgetty,
IoT Industry Offerings Leader
IBM Watson IoT Business Unit
The Impact of the
“Internet of Things”
on our World
2. 1
…Mind Controlled IoT
Connected Products?
- Not as crazy as you
might “think”
http://www.businessinsider.com/ibm-engineer-builds-a-mind-controlled-bb-8-2016-1
3. IoT = Digitalization of the Physical World
Embedded
sensors
Pervasive
Connectivity
Analytics
Cloud
Computing
Product Lifecycle
Management
Improving operations and
lowering costs
Driving engagement
and customer experience
Creating new products and
business models
Creating Opportunity to TransformWhy Now?
4. 3
25 Billion
Installed IoT Devices2 by 2020
$3.6 Trillion
Potential economic impact1
per year by 2020
90% of data
IoT Data Not Captured
IoT Brings Enormous
Scale and Impact…
…But Also Brings
Significant Challenges
- “Tidal Wave of Data”
- Need Real Time Response 60% of value lost
Value of IoT Data lost in ms
5. Addressing the “Data Tidal Wave” and “Real Time Response”
challenge with Cognitive IoT
...”IBM Watson IoT”
Natural
Language
Processing
Video/Image
/Audio
Analytics
Machine
Learning
Text
Analytics
13. 12
IBM Watson IoT Transforming many industries
Automotive
Retail
Electronics
Industrial
Products
Insurance
Aviation
Energy &
Utilities
Chemical
&
Petroleum
Transport
Healthcare
Transform traditional business
with the capabilities of Watson IoT
• Invent new business models
• Develop differentiated
solutions
• Improve operational efficiency
• Drive better customer
engagement
• Utilize IBM innovation
Available
now or
1H ‘16
Future
14. 13
Watson IoT
Platform
Project data – both
historical & on-going
projects from project
controls systems is
captured, organized
and stored in Watson
IoT Platform
1
Predictive
Project Health
Predictive Project Health analyzes
on-going projects to predict potential
problems and recommends mitigation
actions to project managers
How IBM IoT for Cognitive Engineering, Construction and Operations works
13
Prescriptive
Analytics
Prescriptive Analytics
models receive real-time
(even driven data) from
suppliers, fabrication yards,
logistics providers,
compares planned versus
actual to determine
deviations & re-optimize
plan to minimize disruption
on the activities at the
construction site
3
example
Circular
Economy
Analytics
Circular Economy Analytics
enables the tracking of material
value of the asset and repurposing
of the assets and define the
optimal reuse of materials
4
2
Continuous
Engineering
CE engineering iteration
and feedback for
continuous improvement
5
16. 15
Less talking, More doing
Get started today
Learn more about IBM’s point of view on
the Internet of Things
ibm.com/IoT
Explore Watson IoT Platform with easy
demo and free trial
ibm.biz/try_iot
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http://www.ibm.com/internet-of-
things/iot-news.html
Join us in our IoT conversations
@WatsonIoT
www.ibm.com/iot