Internet of Things (IoT) - Trends, Challenges and Opportunities

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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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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.


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


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.


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.



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


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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

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www.favoriot.com

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Internet of Things (IoT) - Trends, Challenges and Opportunities

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