How Internet of Things Shape Better Outlook for Your Business in the 21st Century

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How Internet of Things Shape Better Outlook for Your Business in the 21st CenturyDr. Mazlan AbbasChief Executive Officer

TECH TALK, VOLUME IIOct. 24, 2017

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Business Survival in 21st Century

• Every 3 to 7 years, organizations need to reinvent themselves

• According to The Boston Consulting Group -S&P 500 Companies from 50 years ago – only 19% are still in existence

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favoriotThe 3 Tsunamis of Internet

Fixed Internet Mobile Internet Internet of Things (IOT)

favoriotDiffusion of Innovation

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How Do I Start My IoT Journey?

Supply “Street” vs Demand “Road”

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”I Want Happiness”

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IoT is Not All About Technology

What the Industry Wants from the Graduates?

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Identify Business Case –Asking the Right Questions

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Connecting the Dots – A Problem Solver

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Understanding IOTWhat is Exactly Internet of Things?

favoriotComponents of Internet Of Things (IoT)

Things(Sensors & Actuators)

Connectivity Data Analytics

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

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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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DRIVERLESS TAXI

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FLYING TAXIAAV – Autonomous Aerial Vehicle

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Market PotentialExamples

favoriotConstruction Business

Reduce rental costs – send under-used equipment where it is needed

Track all assets –never lose expensive equipment again

Show alerts and order replacements before equipment breaks down

Extend the lifetime of your assets with informed decisions

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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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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IoT in MalaysiaWhere Are We?

favoriotDiffusion of Innovation

favoriotNational IoT Strategic Roadmap

[Source: National Internet of Things (IoT) Strategic Roadmap, 2014 ]

favoriotIot market

[Source: National Internet of Things (IoT) Strategic Roadmap, 2014 ]

favoriotGlobal IoT Implementations

[Source: National Internet of Things (IoT) Strategic Roadmap, 2014 ]

favoriotIoT Spending

[Source: National Internet of Things (IoT) Strategic Roadmap, 2014 ]

favoriotIOT Market

[Source: National Internet of Things (IoT) Strategic Roadmap, 2014 ]

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Building IOT SolutionsPARTNERING WITH FAVORIOT

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As an Application Enablement Platform player (IoT Middleware)

favoriotDelivering The Whole IOT Puzzle

Internet

BiometricUltrasonicTempHumidityPressureMotionPositionLight Image

MotorSwitchLightingValve

Sens

ors

Act

uato

rs IOT

Plat

form

Analytics

Applications

An IoT platform is able to connect to devices and sensors in real time, process data and drive big-data analytics in the cloud.

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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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• Wearable device to monitor the elderly people vital signs such as heart rate, steps, Blood Pressure*, ECG, location*, fall cases and others

• Offered with Favorwatch mobile application to monitor the elderly

• Based on annual subscription

• Optional features* will include but not limited to:

• Health professionals*• Pharmacy*• Care givers*• Elderly care centers*• Hospitals*

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*Coming Soon

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Building the New Generation-IoT

favoriotDemand for IoT Talent

[Source: http://www.financialexpress.com/industry/technology/master-of-internet-of-things-demand-for-iot-talent-surges-300-in-last-3-years/729007/ ]

[Source: https://www.indianweb2.com/2017/08/02/salaries-iot-professionals-india-76-higher-professionals/ ]

favoriotThe Need for 100K IoT Professionals

Choose Your Value-Chain:

1. End-device components2. End devices and sensors3. Embedded operating systems4. IT, network and OSS

infrastructure5. Security6. IoT Middleware7. Cloud infrastructure8. Analytics applications9. Visualization applications10.Management and applications

enablement software11.Service providers12.Vertical products and solutions13.System integrators

[Source: http://favoriot.com/blog/malaysia-needs-100k-iot-professionals-to-complement-the-big-data-workforce ]

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They are pioneers in IoT

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They are willing to learn and take risks and are good at building virtual teams internally and partnering externally.

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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.

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A new generation of leaders, makers, thinkers, and doers is

meeting that change with flexibility and optimism and

transforming it into opportunity.

favoriotThese are the people who see the transformational power of IoT-driven processes, business models,

and new revenue streams.

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They are eager to champion and drive these opportunities in their organizations.

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These people know that IoT is not just one project, one training session, one change.

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They know that in order to succeed they and their organizations need to adjust and re-learn, over and

over again.

favoriotBuilding the Next Generation-IoT Talents

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http://iotworld.co

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www.favoriot.com

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