internet of things
DESCRIPTION
Application of IOT to various business domains, challenges, strategies to overcome themTRANSCRIPT
Internet of Things
Delphi Case Study Competition
Presented byTeam – The Usual Suspects
R.S.S.Dwarakamayee - 241120 Saket Agrawal – 241124Sheetal Jaimalani – 241134
IMPACT OF IOT ON FINANCE
• Seamless transactions
• Connect health planner/devices to investment accounts
• Integrated sensing and payment capability in household appliances
• Insurance could be personalized and made more flexible
IMPACT OF IOT ON MARKETING
• Smarter CRM: Instantaneous Customer Analysis
• Better insight into the buying journey and in which stage of it the customer is
• Real-time interactions, POS notifications and of course targeted ads
• Display advertising will rely on sophisticated automation tools
IMPACT OF IOT ON OPERATIONS
• Use of smart assembly to reduce disconnects between the manufacturing and enterprise networks
• Manage the supply chain through location tracking and monitoring devices
• Cheaper and sustainable manufacturing
• Plant alarm and real-time event resolution
IMPACT OF IOT ON HR
• Monitor worker safety and productivity via smart devices
• New forms of human-machine collaboration
• Enable managers to gauge social sentiment among their workers through smart monitoring
• Increase in transparency and predicting functionality of the employees
CHALLENGES FACED BY THE IOT
• Sensing a complex environment• Innovate ways to sense and deliver information from
the physical world to the cloud
• Connectivity• Variety of connectivity standards to be met
• Power• Many IOT applications need to run for years
• Security• Protecting user’s identity and preventing malicious
activity
• Managing very large data volume
OVERCOMING CHALLENGES: SUGGESTIONS
• Data ownership in distributed network • Adaptation to IPv6
• New approach for personal data management
• User centric context-aware privacy and privacy policies
• Grow a strong developer ecosystem and let partners, customers, developers unlock the power of that data through APIs
THANK YOU!