IoT Business Perspectives
Transcript of IoT Business Perspectives
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IoT Business Perspectives
Real-World Paths to Financial Success
Larry J Wall, CEO of Eurotech Inc.
IoT Evolution, Fort Lauderdale, FL January 27, 2016
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Pilot to Production Strategies
Paths to Financial Success
Industrial
M2M/IoT
Gateways
Open
Hardware
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Impact of Industrial IOT
1. Operational
Efficiency
2. New Products &
Services Near-term
3. Outcome Economy
4. Autonomous,
Pull Economy Long-term
World Economic Forum:
Industrial Internet of Things:
Unleashing the Potential of
Connected Products and
Services Jan.2015
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IoT Business Case Components
O B V I O U S
Sensors
Edge gateways
Edge applications
Data transmission
Data storage
Process changes
Staff impact
Back-office applications
System administration
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IoT Business Case Components
H I D D E N
Hardware lifecycle
Software evolution
Integration
Deployment logistics
Reverse logistics
Partnerships & Outsourcing
Cultural Disruption
Funding sources
Lasting Impacts
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Exponential Growth of Computing
Source: Kurzweil, Ray
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Processor Technology Evolution
• https://intelligence.org/2014/05/12/exponential-and-non-exponential/
The EDGE is Powerful
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Impact of the Business Case & Decisions
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Smart Vending - Paths
Connect and manage distributed equipment to reduce maintenance costs and provide new POS capabilities
• Met first goals…then met hardware customization challenges
Along the way
• Assumed edge device was a constant
• Struggled with software maintenance
• Created a new experience but at increased (unplanned) costs
Looking forward
• Partial re-architecture for better abstraction & portability
• Strategy includes Edge equipment evolution
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FreeWire Technologies, Inc. –
Focus on Strenghts Charging as a Service
• Great idea meets market window and funding
Along the way
• Recognized value of “connected” early
• Moved fast with standard products for fast time-to-market
Looking forward
• Will benefit from innovation & portability
• Data is enabling new peripheral opportunities
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Investment & Return Perspectives Focus on:
• Value of the Data
– Use case(s)
• Protecting software development
– Secret Sauce, Algorithms
• Speed – TTM with balance
• Managing end-points (Dev Mgmt)
Expect to pull these Levers:
•Edge hardware form factor
– Embrace benefits
•Sensor expansion
– Incremental benefits
•More software and applications at the
edge – use the compute power
IOT
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THE Internet of Things
is Everywhere …
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Thank You