Internet of Things: What It Is, Where's Headed and Its Applications

The Internet of ThingsWhat it is, where it’s headed and its applications

Justin Grammens Co-Founder

Recursive Awesome & IoTFuse

What We Will Cover• About Me

• What the Internet of Things?

• Hype Cycle and Current Trends of the IoT Today

• Local Success Stories & Community

• Closing Thoughts

About Me• Entrepreneur and co-founder of Recursive Awesome

• Thought leader in emerging technology

• Teaching Graduate IoT Course at University of St. Thomas

• Mobile Twin Cities and Mobile March Conferences

• Co-founder of IoTFuse : Non-Profit to promote IoT

• IoTHackDay and IoTFuse Conference

• IoTWeeklyNews - Newsletter covering IoT Trends

What is the IoT?• Formal: The Internet of Things (IoT) is the network

of physical objects or "things" embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data.

• Practical: Anything can be connected and communicate in an intelligent fashion. In other words, with the Internet of Things, the physical world is becoming one big information system.

What is the IoT?• Kevin Ashton coined the term in 1999 at MIT

• Originally focused on Radio Frequency Identification (RFID)

• Root concepts similar to Machine to Machine communication (M2)

• Expands M2M to everything to creating automation in every field

• Has now reached “hype” stage today.

Hype Cycle Phases

Source: Gartner

IoT Hype Cycle

Source: Gartner, 2015

Trends

Source: Google

Trends

Source: Google

Trends

Source: Google

Why Care?• Major technology convergence occurring

• Bigger than the explosion of mobile in 2007

• Cheap hardware and low cost of networks

• Explosion of 3D printing for low volume runs

• Low cost cloud infrastructure

• Consumers appetite to track things

• Standards starting to emerge - BLE, NFC, Zigbee

• Ubiquity of mobile devices for data access

Costs

Number of Devices

IoT Sector Growth

Home Device Shipments

Minnesota IoT Successes

$1.2 MM Kickstarter in 2012 Sold to Samsung for $200 MM in 2014

Minnesota IoT Successes

$567,000 Kickstarter in 2013 $4.2 MM Series A in 2014 Rebranded as Particle.io

Minnesota IoT Successes

Raised $627,000 in June, 2015

Minnesota IoT Successes

$75,000 Kickstarter

Minnesota IoT Successes

$700,000 in seed funding Selected into Microsoft Ventures Accelerator

Minnesota IoT Successes

Raised $813,000 on Kickstarter Making musical instruments accessible by everyone

Minnesota IoT Successes

Winner of 2014 Minnesota Cup Competition

Minnesota IoT Successes

$116,00 Raised on Kickstarter

Minnesota IoT Successes

$165,00 Raised on Kickstarter Employees in Minneapolis and San Francisco

IoT Community

Mission: This non-profit 501(c)(3) organization, based in Minneapolis, helps align

the world toward a vision of where the Internet of Things is today, where it is headed in the future, and how technology can improve the physical world

in which we live.

We accomplish this through a yearly conference, hackathons and meetups dedicated to enabling IoT startups and innovation.

Final Thoughts• It might take time before people

are comfortable and embrace the IoT.

• Driverless elevator invented in 1900. The public hated it.

• Added elevator drivers until a strike in NYC in 1945.

• Industry convinced public that driverless was safe, but it took more than 50 years.

• Hopeful that IoT is much faster. But it has been 15 years!

Final Thoughts• Web 1.0 - Connecting People to the Internet

( Browser )

• Web 2.0 - Connecting People to People ( Social and Mobile )

• Web 3.0 - Connecting Objects to People and Objects to each other ( IoT )

Thank YouJustin Grammens

Recursive Awesome, LLC

[email protected]

http://recursiveawesome.com http://iotfuse.com

Checkout our IoT Newsletter at: http://iotweeklynews.com