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Internet Of Things - Trends, Challenges And
Opportunities
Dr. Mazlan AbbasCEO – FAVORIOT Sdn Bhd
Email: [email protected]
21 Jun, 2017 - Dewan Kuliah C, Tingkat 6, Fakulti Kejuruteraan Elektrik, UiTM Shah Alam
favoriotWhat Do You See in Common?
favoriotThe 3 Tsunamis of Internet
Fixed Internet Mobile Internet Internet of Things (IOT)
favoriotGeneration-IoT: The Key to Business Survival in 21st Century
A new generation of leaders, makers, thinkers, and doers is meeting that change with flexibility and optimism and transforming it into opportunity.
You can recognize these new winners not by their age or their titles—but by their ability to build and deploy agile, flexible business solutions.
All are willing to learn and take risks and are good at building virtual teams internally and partnering externally.
They are pioneers in IoT
favoriotGeneration-IoT: The Key to Business Survival in 21st Century
They are eager to champion and drive these opportunities in their organizations.
They know that in order to succeed they and their organizations need to adjust and re-learn, over and over again.
These people know that IoT is not just one project, one training session, one change.
These are the people who see the transformational power of IoT-driven processes, business models, and new revenue streams.
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Understanding IOTWhat is Exactly Internet of Things?
favoriotComponents of Internet Of Things (IoT)
Things(Sensors & Actuators)
Connectivity Data Analytics
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[Source: http://postscapes.com/what-exactly-is-the-internet-of-things-infographic ]
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[Source: http://postscapes.com/what-exactly-is-the-internet-of-things-infographic ]
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[Source: http://postscapes.com/what-exactly-is-the-internet-of-things-infographic ]
favoriotWhy 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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The Importance Of Getting Things Connected
The need to connect assets
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I need to maintain the quality of my
goods.
Who is the intruder?
Can I reduce my electricity
bill?
Am I healthy?
When is my next bus?
Where can I park?
Monitoring of Assets – Typical Everyday Questions
What IF we can connect ALL these assets and get the answers to ALL these questions?
The Need To Connect Assets
favoriotWho Benefits From Connected Assets?
Operatingenvironment
Other products“things”
Maker
Users
Connected Assets
favoriotHow Should I Think About IoT?
Device connectivity & management
Connecting insights back to business
Analytics & operational
insights
favoriotIOT Statistics
[Source: http://www.informationisbeautiful.net/visualizations/the-internet-of-things-a-primer/ ]
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Understanding IoT Maturity Phases
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Monitoring
Autonomous
OptimizationControl
IOT Maturity
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MONITORINGVehicle Tracking
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CONTROLSecurity LockImmobilizer
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OPTIMISEBest RouteSafe FuelOptimize Engine
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AUTONOMOUSSelf-CruisingSafe-Sailing
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The Triple Benefits Of IoTTransforming Your Businesses
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Re-inventThe Customer Experience
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ImprovedOperational EfficiencyCosts Reduction
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Develop NewBusiness Models
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Market PotentialExamples
favoriotTransportation and Logistics
IoT SolutionSensors in vehicles report the state of each vehicle
PAYBACK
COSTSReduce truck operation and delivery system costs
EFFICIENCYReduced delivery disruptionsIncreased on-time deliveryOptimized logistics systems
favoriotOil & Gas IoT Solution
Sensors placed throughout an oil rig enable operators to identify problems before they occur
PAYBACK
SAFETYIncreased safety with earlier and more reliable warnings
EFFICIENCYReal-time alertsReduced time to oil extraction (faster to revenue)4x asset utilizationFull data use with near real-time analysis
favoriotSmart CityIoT Solution
Connected devices improve a multitude of city services
PAYBACK
REVENUEIncreased 20%+
COSTSReduced operational expenses by 30%+
EFFICIENCYIncreased planning efficiencyOptimized personnel with more data
QUALITY-OF-LIFEImproving citizen experienceImproving safety and security
favoriotMarket Potential
TransportationConnected cars are a top IoT device. We estimate there will be over 220M connected cars on the road by 2020.
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
InsuranceA 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.
favoriotMarket Potential
Connected HomeSmart meters are already a reality, and from the 313 million installed in homes worldwide in 2013, Navigate Research predicts that number to jump to 1.1 billion by 2022
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
AgricultureWe estimate 75M IoT devices will be shipped for agricultural uses in 2020, at a 20% CAGR. These devices are primary sensors placed in soil to track acidity levels, temperature, and variables that help farmers increase crop yields.
favoriotMarket Potential
HealthcareWe estimate 646M IoT devices will be used for healthcare by 2020. Connected healthcare devices can collect data, automate processes, and more.
Smart Buildings43% of building managers in the US believe the IoT will affect how they run their building within the next 2 to 3 years, according to a survey from Daintree Networks.
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
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Manufacturing35% of manufacturers already use smart sensors. 10% plan to implement them within a year, and 8% plan to implement them within 3 years, according to PwC
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
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QUANTIFIED SELF
And
LIFE LOGGING
favoriotWhat If You Can Measure Your Activity?
favoriotWhat If You Can Have A Digital Diary?
favoriotUnderstanding Oneself
favoriotAm I Having Enough Exercise?
favoriotAm I Productive?
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Define Your Data… But What Data?
How to Start Building Your First IoT Solution
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favoriotData Ownerships
Personal / Household
Private
Public
Commercial Sensor Data Provider
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Wisdom
Knowledge
Information
Data
More Important
Less Important
Evaluated understanding
Appreciation of
Answers to questions.
Symbols
Understanding
Answers to
questions
WHO
WHY
HOW
WHAT
WHERE WHEN
Value is Created by Making Sense of Data
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Wisdom
Knowledge
Information
Data
More Important
Less Important
Understanding
Example: Smart Parking
N/A
Empty (0), Full (1)
Who park at this lot? What kind of vehicle?
Where is the empty parking lot?
When is the peak period?
How to implement a tiered charging?
How to find “overstayed” vehicles?
Why my parking utilization is low?
favoriotSmart Parking
Smart ParkingWith Sensors
Location ofParking
Availability
Parking Utilization
Tiered PricingParking
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Wisdom
Knowledge
Information
Data
More Important
Less Important
Understanding
Example: Smart Waste Management
N/A
Who is collecting the garbage?What is the status of the garbage bin?
When was the garbage collected?Where is the location of the full bin?
How to plan the route of the trucks?How many days till the next
collection?
Why the garbage truck not picking the garbage?
Why a particular area is full of garbage?
Empty (0), Full (1)
favoriotSmart Waste Management
TIMELY SCHEDULE
ALERT
“I’M FULL”
UNATTENDED GARBAGE
RIGHT ROUTES
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Home Health Transport OfficeWaste
IOT Platforms - From Vertical To Horizontal
Blending Data - Creating New Compound Applications
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Who are the IOT players?IOT ECOSYSTEM
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Building IOT SolutionsPARTNERING WITH FAVORIOT
favoriotDelivering The Whole IOT Puzzle
Internet
BiometricUltrasonicTempHumidityPressureMotionPositionLight Image
MotorSwitchLightingValve
Sens
ors
Act
uato
rs IOT
Plat
form
Analytics
Applications
WiFi
2G/3G/4G
LoRa
SigFox
An IoT platform is able to connect to devices and sensors in real time, process data and drive big-data analytics in the cloud.
NB-IOT
favoriotIOT Solution Brief Worksheet
favoriotIOT Solution Brief Worksheet - Example
favoriotBenefits of Using favoriot
1. Cloud-based platform (PaaS and SaaS)2. Reduces time to market from months to weeks3. Reduces the cost and risk of application
development4. Can be easily tailored for multiple business
applications and different market segments5. Capable of handling millions of devices, data
streams and scale elastically6. Simple business rule creation process7. Easily handling data ownership for sharing and
monetizing8. As the platform evolves, you get new features
easily
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Gateway
3G/Ethernet/Wi-Fi
IOT Devices IOT Devices
3G/Ethernet/Wi-Fi
HTTPSPush/Pull Service
Social Media Integration
DEVICE CONNECTIVITY (REST, MQTT, CoAP)
APPLICATION INTEGRATION
DATA MANAGEMENT
DATA STORE BUSINESS LOGIC
NOTIFICATION ENGINE
REST API
Custom Reporting
SECURITY
BIG DATA TOOLS
Application Development
AUTHENTICATION
Data Analytics
favoriotExamples of IoT Solutions
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IoT Key Success FactorsEmbrace the Recipe for IoT Success
favoriotOperational Elements of IoT Success
Start with strategy, planning, and preparation
Build a diverse team
Secure C-suite sponsorship
Communicate and drive convergence
favoriotOperational Elements of IoT Success
Rethink operations from the ground up
Educate and train
Design for flexibility
Revisit repeatedly.IoT isn’t a once-and-done effort or project. It’s dynamic and always changing
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http://iotworld.co
