Wearable as part of internet of things, and how company can exploit business opportunities from those stuffs

1. Sigit Prihatmoko

2.  Wearable device is part of “internet of things - IoT”
 As Glenn Lurie, President of AT&T Emerging Device
Organization says “Any device that is connected is smart,
and in the future everything going to be smart”
 Many terms to describe internet of things
• Machine to machine communication (M2M)
• Ubiquitous computing
• Embedded computing
• Pervasive computing
• Smart services

3. o Wearable device “killer app”
is to monitor health and
fitness
o IHS estimates that there are
just under 130 million
connected sports and fitness
trackers in 2015, and
expected to exceed
1.3 billion units in 2025.
Source: McKinsey Global Institute, The Internet of Things: Mapping The Value Beyond Hype, June 2015

4. Business can choose
opportunities from “internet of
things” booming:
1. Transform Business Process,
• predictive maintenance,
• better asset utilization,
• higher productivity
2. Enable New Business Model,
• remote monitoring as a
services
Source: McKinsey Global Institute, The Internet of Things: Mapping The Value Beyond Hype, June 2015

5. Economic
Output
Business Imperative Consumer
Sensibility
Experiences Render Authenticity
Services Improve Quality
Goods Control Costs
Commodities Supply Availability
1. Business started with provide commodities that limited by their supply,
2. On industrial ages, commodities become goods where costs control as
business objectives.
3. Now is in the era of services where all competitions is come from service
quality
4. In the future, where customers needs personal experience, their need is
authenticity, and business must capable to render or personalizes
appropriate service to their customers' needs

6. Field Application Objectives
Bank Mobile money Attached RFID enable wearable to inject by
mobile money application
Self-health
monitor
Self health and
fitness
Measure a broad range of indicators
(for example, blood oxygen, perspiration,
blood glucose, and calories consumed
Insurance Health and
fitness
Insurance make a proper premium offering
not just from demographic, but also client
behavior.
Doctor Health
monitoring
Help acute patient forms of chronic
heart failure, diabetes, and COPD (chronic
obstructive pulmonary disease) for doctor
monitoring
Business opportunity that came from wearable devices in the future