emerging technology: internet of things
TRANSCRIPT
Internet of ThingsEmerging Technology
MBA 615 - John Molson School of Business
Aali Malik, Bartosz Petrynski and Nitin Shetty
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01
02
03
04
Application examples
Pros and Cons of the IoT
Future Developments
Introduction and History
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01
02
03
04
Application examples
Pros and Cons of the IoT
Future Developments
Introduction and History
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History of IoTPhases of Evolution
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Sensors & Devices
The Internet of Thingsconnects billions ofsensors and devices
such as consumer objects andindustrial equipment
onto networks.
Connectivity / Networks
Increasing amounts ofData produced by thoseSensors and connected
Devices are henceAcquired, logged andStored onto networks.
People & Processes
Networked inputs are thenCombined into bi-directionalSystems for better decision
making,Increased efficiency, new
services orEnvironmental benefits.
IoT DefinitionIoT Connects the physical world to the internet
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1. Sensors & ActuatorsWe are giving our world a digital nervous system
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2. ConnectivityThese inputs are digitized and placed onto networks
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3. People & processesThese inputs are combined into bi-directional systems
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Potential of IoT
Any Place AnywhereAnyone Anybody
Anytime Any ContextAny Service Any Business
Any Path Any Network Anything Any Device
IoT will soon be everywhere …
Home
Consumer
Fashion
Lifestyle
Transport
& Traffic
Retail
Inventory
Logistics
Real-Time
Manufacturing
M2M
Cities
Industry
Health
Body
Agriculture
Control
Security
Detection
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Milk
“The Internet of Things (IoT) is when a milk carton
tells you it’s running low and it’s time to buy milk”
Examples of IoT
Guess the number of connected devices by 2020?
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More connected devices than people
Source: Cisco, April 2011
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A Driver of New Product Cycles
(Incremental Revenue Streams)
Another Leg of Cost Efficiencies
(Better Productivity & Cost Savings)
IoT Value Proposition
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IoT is not only data collection, it’s also……processing it and converting into wisdom
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01
02
03
04
Application examples
Pros and Cons of the IoT
Future Developments
Introduction and History
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• Connected Retail
• Real time Logistics
• Smart Manufacturing
• Smart Agriculture
Enterprise
applications
• Smart City
• Environment Protection
• Intelligent buildings
• Smart Utilities
Government
applications
• Connected Home
• Connected Car
• Wearables
• Healthcare
Customer
applications
IoT landscapeIoT will soon be everywhere
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B2C
B2B
Government
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5
10
15
20
25
2014 2015 2016 2017 2018 2019
Bill
ion
sIoT landscapeEstimated number of installed IoT devices by sector
Source: BI Intelligence
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• Connected Retail
• Real time Logistics
• Smart Manufacturing
• Smart Agriculture
Enterprise
• Smart City
• Environment Protection
• Intelligent buildings
• Smart Utilities
Government
• Connected Home
• Connected Car
• Wearables
• Healthcare
Customer
IoT landscapeIoT will soon be everywhere
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Key areas
Security
Energy saving
Convenience
How it works?
• Central hub in home
connected to internet
• Number of sensors and
controllers connected to
central hub
• Radio connection using
mesh network
• Central hub is accessible
by web / mobile app
B2C: Connected HomeWhat’s in the ecosystem
Lights & curtain Smart Appliances
Smart Media
Air Control
Background music
Central heating
Safeguard
Video
Intercom
Central AC
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DLearning
thermostatsC
Intelligent
speaker
B Connected locksABulbs connected
to WiFi
B2C: Connected HomeExamples of applications
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Key areas
Predictive maintenance
Insurance
Emergency
• Dongle or smartphone
used for telematics
• OEMs mount own systems
• SIM card pre-installed and
mobile network operators
• EU require blackbox in car
How it works?
Autonomous driving
Sharing
B2C: Connected CarWhat’s in the ecosystem
Telematics hub
Door locks
Navigation system
Battery
SRS
Brake system
CAN BUS
Horn
eCall
Blackbox
Electronic Control Unit
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DCar sharing
and parking CUsage Based
Insurance
BAutonomus
drivingAEntertainment
system
B2C: Connected CarExamples of applications
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• Connected Retail
• Real time Logistics
• Smart Manufacturing
• Smart Agriculture
Enterprise applications
• Smart City
• Environment Protection
• Intelligent buildings
• Smart Utilities
Government applications
• Connected Home
• Connected Car
• Wearables
• Healthcare
Customer applications
IoT landscapeIoT will soon be everywhere
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Key areas
B2B: Connected RetailWhat’s in the ecosystem
Improving the
customer experience
Optimizing supply
chain operations
Creating new channels and
revenue streams
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DJIT promotions and
marketingC Shopping Analytics
BContactless
checkoutASmart-Vending
Machines
B2B: Connected RetailExamples of applications
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DSmart logistics and
warehousingC
Remote crop
monitoring
B Predictive analytics
crops and livestockA
Field and resource
mapping
B2B: Smart FarmingExamples of applications
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• Connected Retail
• Real time Logistics
• Smart Manufacturing
• Smart Agriculture
Enterprise applications
• Smart City
• Environment Protection
• Intelligent buildings
• Smart Utilities
Government applications
• Connected Home
• Connected Car
• Wearables
• Healthcare
Customer applications
IoT landscapeIoT will soon be everywhere
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Government: use cases Examples of applications
Source: Amazon Web Services
City of London Transit hub
efficiency and Route
Navigation for Commuters
Mobility Efficiency
Franchise & Opinions
Singapore Govt. experiments
and also uses for delivering
location based service and
info.
Voting
Jerusalem – Garbage collection
and waste management
Sanitation
Singapore Govt. has mapped
all govt. agencies and are
efficiently delivering target
based services and infor
Co-operate
Public safety & Disaster
management anticipate crime
patterns and deploy resources
effectively
Safety
Smart Grids and water
management cloud based
water management in
Houston
Utilities
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Government: use cases Impact on government
Process re-engineer
Fine tune practices and
innovate novel services
based on data
Cost Reduction
Reduced cost with
optimal utilization of
resources
Decision
Enable real time decision
making to prioritize govt
efforts in right direction
Productive Society
These efforts lead to
satisfied and productive
citizen
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01
02
03
04
Application examples
Pros and Cons of the IoT
Future Developments
Introduction and History
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Challenges for IOT
Data Security
InteroperabilityStandardization
Revenue Stream
and Value Chain
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Advantages from IOT
ACustomer
Satisfaction
BReal Time
Collaboration E Price Discovery
CNew Revenue
Streams
D No downtime
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Risks with IOT
ATechnology over
dependence
C Data Security
B Digital Divide
DAmplification of
surface of Attack
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01
02
03
04
Sector Applications
Pros and Cons of the IoT
Future Developments
Introduction and History
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Future of IoT
Projection
Automate
Optimization
Control
MonitorMckensy Report 2015
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Q&A