iot and what it means for presentation title …powerpoint presentation author tyler bishop created...
TRANSCRIPT
![Page 1: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/1.jpg)
© Datix 2015 Confidential
Presentation Title
© Datix 2015 Confidential
IoT and What it Means for Manufacturing
Bryan Sapot, CEO — Datix
![Page 2: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/2.jpg)
© Datix 2015 Confidential
About MeBryan Sapot
© Datix 2015 Confidential
• CEO and Founder of Datix
• 18 years in enterprise software
• Custom Software
• Manufacturing
• Distribution
• Expertise in…
• Business process
• Systems integration
• Software development
![Page 3: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/3.jpg)
© Datix 2015 Confidential
What is the Internet of Things?
Devices with electronics and sensors connected to the public telecom network and
the internet.
![Page 4: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/4.jpg)
© Datix 2015 Confidential
Consumer Examples
![Page 5: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/5.jpg)
© Datix 2015 Confidential
Manufacturing/Industrial Examples
![Page 6: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/6.jpg)
© Datix 2015 Confidential
Big Data
Large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially
relating to human behavior and interactions.
![Page 7: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/7.jpg)
© Datix 2015 Confidential
Big Data Example - Netflix
• Kevin Spacey +
• David Fincher +
• British political dramas =
• Guaranteed Hit
![Page 8: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/8.jpg)
© Datix 2015 Confidential
Big Data
• The size of the data is not important
• It is not just for Google, Amazon and GE
• Ability to analyze the data, make informed decisions and take action
• You don’t need Artificial Intelligence to understand your data
![Page 9: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/9.jpg)
© Datix 2015 Confidential
The Industrial Internet of Things
A network of physical objects, systems, platforms and applications that contain embedded technology to
communicate and share intelligence with each other, the external environment and with people.
IoT + Big Data = Industrial Internet
![Page 10: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/10.jpg)
© Datix 2015 Confidential
Aren’t we already doing this?
• Yes! – (Sort of)• Machines already have sensors
• Machines can be connected to the internet or local network
• Software exists to monitor the machines
• But it is just the beginning
![Page 11: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/11.jpg)
© Datix 2015 Confidential
Where We Are Today
• First step on the IIoT Journey • Focus on operational efficiency
• Utilization
• Productivity
• Tools• SCADA
![Page 12: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/12.jpg)
© Datix 2015 Confidential
What is different now?
• Cheap hardware
• Unlimited computing power
• Internet access almost everywhere
![Page 13: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/13.jpg)
© Datix 2015 Confidential
I can now predict what will happen and move from Reactive to Proactive
![Page 14: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/14.jpg)
© Datix 2015 Confidential
Example: Predictive Maintenance
• Companies are seeing • Savings on scheduled repairs (12%)
• Reduced maintenance costs (nearly 30%)
• Fewer breakdowns (almost 70%)
• GE Predix• Cloud Service
• Analyzes machine data
Sullivan, G. P., R. Pugh, A. P. Melendez and W. D. Hunt. “Operations & Maintenance Best Practices: A Guide to Achieving Operational Efficiency”.August 2010
![Page 15: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/15.jpg)
© Datix 2015 Confidential
DemoA very simple one
![Page 16: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/16.jpg)
© Datix 2015 Confidential
IIoT In the Future
World Economic Forum Agenda 2015, Accenture. Industrial Internet of Things: Unleashing the Potential of Connected Products and Services. January 2015
![Page 17: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/17.jpg)
© Datix 2015 Confidential
New Product/Service Hybrids
• Pay per use• Number of parts produced
• Runtime
• Software based services• Additional revenue streams through software services and monitoring
• Data monetization• Analyzing collected data and selling the results or raw data
• Maintenance
![Page 18: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/18.jpg)
© Datix 2015 Confidential
Rolls-Royce Total Care
• Rolls-Royce’s TotalCare
• Provides suite of predictive maintenance and
repair services for its jet engines
• Includes monitoring engine health, and
modifying engines to increase reliability and
durability.
• Customers pay for product reliability. As the
product-service provider, Rolls-Royce
assumes the entire risk of time-on-wing and
shop visit cost.Total
Care
![Page 19: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/19.jpg)
© Datix 2015 Confidential
IIoT In the Future
World Economic Forum Agenda 2015, Accenture. Industrial Internet of Things: Unleashing the Potential of Connected Products and Services. January 2015
![Page 20: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/20.jpg)
© Datix 2015 Confidential
Outcome Economy
• Shift from selling products or services to measurable outcomes
• Example: Monsanto• Mapped all 25 million acres of farms in the US
• By field shape, crop type, crop yields, soil capacity, etc.
• Added climate data
• Can predict what will grow best where
• Make recommendations to farmers
• Increases productivity, saves water and energy
• Could charge on outcome rather than seed, fertilizer cost
![Page 21: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/21.jpg)
© Datix 2015 Confidential
Recap
• Shift from selling products or services to measurable outcomes
• Example: Monsanto• Mapped all 25 million acres of farms in the US
• By field shape, crop type, crop yields, soil capacity, etc.
• Added climate data
• Can predict what will grow best where
• Make recommendations to farmers
• Increases productivity, saves water and energy
• Could charge on outcome rather than seed, fertilizer cost
![Page 22: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/22.jpg)
© Datix 2015 Confidential
Questions?
For slides download at DatixInc.com/MAMslides
![Page 23: IoT and What it Means for Presentation Title …PowerPoint Presentation Author Tyler Bishop Created Date 9/16/2015 9:24:36 AM](https://reader036.vdocuments.mx/reader036/viewer/2022070904/5f6dd6e2b4e1885b4a6bb226/html5/thumbnails/23.jpg)
© Datix 2015 Confidential
Summary
• IoT + Big Data = Industrial Internet
• What’s Different• Cheap hardware
• Unlimited computing power
• Internet everywhere
• Product/Service Hybrids• Change they way customers buy
• Rethink your go to market strategy
• Innovate & Dominate