1 Copyright © 2014 Tata Consultancy Services Limited The Information Driven Enterprise in a Connected World - Hype/ Real Opportunity? Regu Ayyaswamy Vice President/ Global Head – Engineering and Industrial Services TATA Consultancy Services
Apr 15, 2017
1 Copyright © 2014 Tata Consultancy Services Limited
The Information Driven Enterprise in a Connected World - Hype/ Real Opportunity?
Regu AyyaswamyVice President/ Global Head – Engineering and Industrial
ServicesTATA Consultancy Services
2
Google Glass RFIDDot Com Bubble Segway
As per Gartner, Out of the 192 emerging technologies flagged between 2003 and 2014, just 11 (5.7%) had
reached the Plateau of Productivity.Source: Gartner Hype cycle for emerging technologies 2015
IOT – Is it a Hype?
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IoT- Market views
Mckinsey estimates a potential economic impact —including consumer surplus—of as much as $11.1 trillion in 2025 for IoT applications
Value of improved health of chronic disease patients through remote monitoring could be as much as $1.1 trillion per year in 2025
The digital economy from G20 is expected to contribute more than $4 trillion to their GDP in 2016
As Internet penetration expands, connection speeds improve, and device prices fall, it is expected that there will be more than 1 billion new users by 2020
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Real Value Creation to End Customer
Benefits to End User Benefits to Supplier / OEM
Faster, focused service repair and optimization
Enhanced customer satisfaction - solving customer business problem
Supplier collaboration on business problems Reduced service and warranty costs
Pay for product value not just the produce Product as a service
Incremental functionality and process insight New revenue streams
Lower lifecycle costs and ROA Ability to solve customer issues remotely
Reduced downtime and better asset utilization
Improved productivity of service organization
Smarter Services
Innovative Products/ Solutions
Productivity Improvement
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End-to-End view
DEVICES, SENSORS
COMMUNICATION NETWORK
IOT PLATFORMS
CLOUD
ANALYTICS
IoT APPLICATIONS
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Enablers / Barriers ?
Technology Interoperability
Privacy & Confidentiality Security
Intellectual Property Public Policy Optimization
& PredictivityBusiness models
7 Copyright © 2014 Tata Consultancy Services Limited
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