Your Next IoT Journey
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Transcript of Your Next IoT Journey
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Your Next IOT JourneyDr. Mazlan AbbasChief Executive Officerfavoriot
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favoriotThe 3 Tsunamis of Internet
Fixed Internet Mobile Internet Internet of Things (IOT)
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Understanding IOTWhat is Exactly Internet of Things?
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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 ]
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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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favoriotHow Should I Think About IoT?
Device connectivity & management
Connecting insights back to business
Analytics & operational
insights
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favoriotIOT Statistics
[Source: http://www.informationisbeautiful.net/visualizations/the-internet-of-things-a-primer/ ]
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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
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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 Threat Of IoTBenefits of IoT
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Re-inventThe Customer Experience
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ImprovedOperational Efficiency
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Develop NewBusiness Models
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Market PotentialExamples
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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.
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favoriotMarket Potential
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
Oil, gas, and miningIn five years, it is predicted that 5.4 million IoT devices will be used on oil extraction sites. BI Intelligence said that these devices will primarily be internet-connected sensors used to provide environmental metrics about extraction sites.
[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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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.
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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]
UtilitiesEnergy companies throughout the world are trying to meet the rising demand in energy. To do this, they will be installing nearly 1 B smart meters by 2020.
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favoriotMarket Potential
UtilitiesEnergy companies throughout the world are trying to meet the rising demand in energy. To do this, they will be installing nearly 1 B smart meters 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]
Hospitality31% of hotels use next-generation door locks, 33% have room control devices, 16% have connected TVs, and 15% use beacons throughout the hotel, according to Hospitality Technology’s 2015 Lodging Technology survey.
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InfrastructureWe estimate municipalities worldwide will increase their spending on IoT systems at a 30% CAGR, from $36B in 2014 to $133B in 2019. This investment will generate $421B in economic value for cities worldwide in 2019.
RetailBeacons, paired with mobile apps, are being used in stores to monitor customer behavior and push advertisements to customers. In the US, we estimate $44.4B will be generated from beacon triggered messages.
[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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favoriotMarket Potential
LogisticsTracking sensors placed on parcels and shipping containers will help reduce costs associated to lost or damaged goods. In addition, robots such as Amazon Kiva robot, help reduce labor costs in warehouses.
BanksThere are nearly 3M ATMs installed globally in 2015, according the World Bank. Some teller-assist ATMs provide live-stream video of a teller for added customer support.
[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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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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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?
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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)
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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
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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
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favoriotIOT Solution Brief Worksheet
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favoriotIOT Solution Brief Worksheet - Example
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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
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favoriotExamples of IoT Solutions
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http://iotworld.co