Upload
amy-goggins
View
434
Download
0
Embed Size (px)
Citation preview
Where is the Real Action in IoT?
Analyst Panel
Analysts Panel• Michael Chui, Partner, McKinsey Global Institute
• Vernon Turner, Senior Vice President of Enterprise Systems & Fellow (The Internet of Things), IDC
• Bill McBeath, Chief Research Officer, ChainLink Research
• Doug Banks (Moderator), Executive Editor, Boston Business Journal
Technology Phenomenon
Technology Phenomenon
Application Phenomenon
• 1926 – First Oil Well Telemetry
• 1920s – Tachograph
• WWII – RFID
• 1975 – X10 / Smart Home
• 1970s – Remote x-ray & electrocardiograph
• 1990s – GPS / telematics
Technology Phenomenon
Marketing/ Market
Phenomenon
Application Phenomenon
Source: Google Trends Chart for “Internet‐of‐Things” as of 3/8/15
1970
Marketing/Market Phenomenon
1980 1990 2000 2010 2015
IoT Solutions and ServicesIoT Solutions and Services Market Size IoT Solutions and Service Providers
Who Realizes Value
Source: ChainLink Research
What’s Counted
Products and Services Using IoTIncremental Revenue from Adding IoT to Products and Services
Manufacturers, Building Owners, Fleet Owners, and Others Integrating IoT Into Their Products and Offerings
Value Realized by End CustomerTotal Value Realized by Using IoT End Customer
IoT Solutions and ServicesIoT Solutions and Services Market Size IoT Solutions and Service Providers
Who Realizes Value
Source: ChainLink Research
What’s Counted
Products and Services Using IoTIncremental Revenue from Adding IoT to Products and Services
Manufacturers, Building Owners, Fleet Owners, and Others Integrating IoT Into Their Products and Offerings
Value Realized by End CustomerTotal Value Realized by Using IoT End Customer
IDC• $1.46T in 2020
IoT Solutions and ServicesIoT Solutions and Services Market Size IoT Solutions and Service Providers
Who Realizes Value
Source: ChainLink Research
What’s Counted
Products and Services Using IoTIncremental Revenue from Adding IoT to Products and Services
Manufacturers, Building Owners, Fleet Owners, and Others Integrating IoT Into Their Products and Offerings
Value Realized by End CustomerTotal Value Realized by Using IoT End Customer
Cisco• $19T 2013‐2022 (Avg. $1.9T/Year)– $14.4T Private Sector– $4.6T Public Sector‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• $2.5T: ‘Asset Utilization’—efficiencies, reduced SGA, COGS
• $2.5T: ‘Employee Productivity’• $2.7T: ‘Supply Chain & Logistics’• $3.7T: ‘Customer Experience’—i.e. lifetime value, market share
• $3.0T: ‘Innovation/time‐to‐market’ —return on R&D, new business models/revenue streams
McKinsey• $0.3T – $0.9T in 2015• $1.3T – $3.6T in 2020 (avg. $2.4T)• $3.9T – $11.1T in 2025‐‐‐‐‐‐‐‐‐‐‐2025 numbers‐‐‐‐‐‐‐‐‐‐‐‐
• $1.2T – $3.7T—Factories• $930B – $1.7T—Cities• $170B – $1.6T—Human Health• $410B – $1.2T—Retail• $560B – $850B—Logistics• 160B – $930B—Worksites • $210B – $740B—Vehicles• $200B – $350B—Home• $70B – $150B—Offices
GE• $15.3T in 2030 GDP• YoY productivity growth–1.5%/yr. increase in US–0.75%/yr. increase in ROW
Analysts Panel• Michael Chui, Partner, McKinsey Global Institute
• Vernon Turner, Senior Vice President of Enterprise Systems & Fellow (The Internet of Things), IDC
• Bill McBeath, Chief Research Officer, ChainLink Research
• Doug Banks (Moderator), Executive Editor, Boston Business Journal
Devices: Platforms (e.g. Raspberry Pi, Arduino, BeagleBone), Phones, ReadersComponents: Sensors, Controllers, Processors, Comms, GPS/Location, RFID, I2C
Local Communications: Ethernet, WiFi, Bluetooth, RFID, Gateways, Routers
Device Management / Abstraction: Device Independence, Device Clouds, Connectors, Configuration, Mgmt.
Security: Encryption, Authe
ntication, Access, Iden
tity, Trust
System
s Integration:
Desig
n, Im
plem
entatio
n, Rollout, Sup
port
IoT Development Platforms: rapid dev IDE, Device/Middleware connect, security
Storage Platforms: High scalability, NoSQL, security
IoT Analytics: Complex Event Processing, Geospatial Systems, Predictive Analytics, Holistic Analytics (IoT data, Enterprise data, social data, etc.)
IoT Applications: Logistics, Remote Monitoring, Alerting, Remote Control, Maintenance, Safety, Security, Optimization, Autonomous Intelligence
Middleware Platforms:Workflow, business rules, cloud‐enabled, open standards
Local Intelligence/Gateway:‘Thing‐level’ sensor‐data filtering,
summarizing, pattern detection, inter‐preting, processing, analytics, algorithms.
Devices‐to‐WAN gateway
Wide Area IoT Communication Platforms: Cellular, Satellite, Cable, μwave, Private Networks. Device, rate/cost, SIM management. Diagnostics.
Source: C
hainLink
Research
Smart BuildingsHVAC, Security, People Moving, Energy, Lighting
AgriculturePrecision Planting, Smart Irrigation, Animal Health, Harvesting
Smart CityTransit Systems, Traffic, Waste Management, Parking, Utilities, Security, Safety
Smart GridMeters/AMI, Crew
Safety, Communications, Phasor Measurement Units, Automation
FactoriesInstrumentation, Connected Robots, Worker Safety,
Predictive Maintenance, Smart Racks and Conveyances,
Monitoring, Process Control
HealthcareMobile Health, Smart Prosthetics, Personal Monitoring, Teleheath, Surgical Equipment, Asset tracking, Drug
Dispensing, ER
Oil & GasWellhead Telemetry,
Safety & Environment, Smart
Pipes, Rig Instrumentation
Smart HomeSmart Appliances,
Entertainment System, Security and Access,
Lighting, Pets, Utilities
RetailSignage, Kiosks, Smart
Dressing Room, Item‐level RFID, Video System, POS, Smart Mirror, Personal Shopping Assistant,
Security, Shrink Prevention
Source: ChainLink Research
VehiclesAutonomous Driving,
Predictive Maintenance, Entertainment System, Safety, Self‐Fueling, Fleet Efficiency and
Optimization