Internet of Things - We Are at the Tip of an Iceberg

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Internet of Things (IoT) -We Are at The Tip of

An IcebergDr. Mazlan Abbas

Chief Executive Officerfavoriot

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Understanding IOTWhat is Exactly Internet of Things?

favoriotComponents of Internet Of Things (IoT)

Things(Sensors & Actuators)

Connectivity Data Analytics

favoriotHow Should I Think About IoT?

Device connectivity & management

Connecting insights back to business

Analytics & operational

insights

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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

favoriotIOT Statistics

[Source: http://www.informationisbeautiful.net/visualizations/the-internet-of-things-a-primer/ ]

favoriotForecast IoT Connections in UK © Cambridge Consultants 2017

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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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http://visual.ly/future-internet-things

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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

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.


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.



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.


DefenseWe estimate spending on drones will reach $8.7B in 2020. In addition, 126K military robots will be shipped in 2020, according to Frost & Sullivan.


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


Food ServicesWith the world population on the rise, IoT will help to keep food production levels at good pace. BI Intelligence estimates 75 million IoT device installations for agricultural uses by 2020, at a 20% CAGR.


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.


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.


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.



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.



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.


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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 Value ChainWhere is the Money?

favoriotIoT Value Chain – Where Is The Money?

Smart Objects

NetworkProvider

PlatformProvider

ApplicationProvider

• No. of devices

• Edge devices/sensors

• Gateways• System

Integration• ….

• SIM-Cards• Fixed Line• Data

Bundled packages

• Data Speed• SMS/MMS• Dedicated

APN• Fixed IP• Voice/Data• …

• No. of connected devices

• Data streams

• Storage• API Keys• Email/SMS

APIs• Support Type• ….

• No. of dashboards

• No. of users• No. of data

sources• Consulting• Types of

Analytics (Basic/Advanced)

• ….

HardwareVendor

• Chipsets• Sensors• Actuators• ….

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Importance of IOT Middleware

Building Your IoT Solutions

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

favoriotBenefits of Using IOT Middleware

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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http://iotworld.co

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www.favoriot.com

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Internet of Things - We Are at the Tip of an Iceberg

Presentations & Public Speaking