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Are We Ready for IoT Now? Or Risk Being Left Behind.Dr. Mazlan AbbasChief Executive Officerfavoriot
Kulliyah of EngineeringIIUM Gombak, 27 Sept. 2017
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Business Survival in 21st Century
• Every 3 to 7 years, organizations need to reinvent themselves
• According to The Boston Consulting Group - S&P 500 Companies from 50 years ago – only 19% are still in existence
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favoriotThe 3 Tsunamis of Internet
Fixed Internet Mobile Internet Internet of Things (IOT)
favoriotDiffusion of Innovation
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How Do I Start My IoT Journey?
Supply “Street” vs Demand “Road”
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”I Want Happiness”
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IoT is Not All About Technology
What the Industry Wants from the Graduates?
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Identify Business Case –Asking the Right Questions
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Connecting the Dots – A Problem Solver
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Understanding IOTWhat is Exactly Internet of Things?
favoriotComponents of Internet Of Things (IoT)
Things(Sensors & Actuators)
Connectivity Data Analytics
favoriotWhy IoT Is At An Inflection Point?
Hardware is cheap
Connectivity is pervasive
Moore’s Law continues
Metcalfe’s Law ”Network Effects”
Development is easy
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The Importance Of Getting Things Connected
The need to connect assets
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I need to maintain the quality of my
goods.
Who is the intruder?
Can I reduce my electricity
bill?
Am I healthy?
When is my next bus?
Where can I park?
Monitoring of Assets – Typical Everyday Questions
What IF we can connect ALL these assets and get the answers to ALL these questions?
The Need To Connect Assets
favoriotWho Benefits From Connected Assets?
Operatingenvironment
Other products“things”
Maker
Users
Connected Assets
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Understanding IoT Maturity Phases
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Monitoring
Autonomous
OptimizationControl
IOT Maturity
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MONITORINGVehicle Tracking
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CONTROLSecurity LockImmobilizer
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OPTIMISEBest RouteSafe FuelOptimize Engine
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AUTONOMOUSSelf-CruisingSafe-Sailing
favoriotWho Benefits From Connected Assets?
Operatingenvironment
Other products“things”
Maker
Users
Connected Assets
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Market PotentialExamples
favoriotConstruction Business
Reduce rental costs – send under-used equipment where it is needed
Track all assets –never lose expensive equipment again
Show alerts and order replacements before equipment breaks down
Extend the lifetime of your assets with informed decisions
favoriotMarket Potential
TransportationConnected cars are a top IoT device. We estimate there will be over 220M connected cars on the road by 2020.
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
InsuranceA survey has found that 74% of insurance executives believe the IoT will disrupt insurance within the next five years. 74% also plan to invest in developing and implementing IoT strategies by 2016, according to an SMA Research survey.
favoriotMarket Potential
Connected HomeSmart meters are already a reality, and from the 313 million installed in homes worldwide in 2013, Navigate Research predicts that number to jump to 1.1 billion by 2022
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
AgricultureWe estimate 75M IoT devices will be shipped for agricultural uses in 2020, at a 20% CAGR. These devices are primary sensors placed in soil to track acidity levels, temperature, and variables that help farmers increase crop yields.
favoriotMarket Potential
HealthcareWe estimate 646M IoT devices will be used for healthcare by 2020. Connected healthcare devices can collect data, automate processes, and more.
Smart Buildings43% of building managers in the US believe the IoT will affect how they run their building within the next 2 to 3 years, according to a survey from Daintree Networks.
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
favoriotMarket Potential
Manufacturing35% of manufacturers already use smart sensors. 10% plan to implement them within a year, and 8% plan to implement them within 3 years, according to PwC
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
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Define Your Data… But What Data?
How to Start Building Your First IoT Solution
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favoriotData Ownerships
Personal / Household
Private
Public
Commercial Sensor Data Provider
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Wisdom
Knowledge
Information
Data
More Important
Less Important
Evaluated understanding
Appreciation of
Answers to questions.
Symbols
Understanding
Answers to
questions
WHO
WHY
HOW
WHAT
WHERE WHEN
Value is Created by Making Sense of Data
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Wisdom
Knowledge
Information
Data
More Important
Less Important
Understanding
Example: Smart Parking
N/A
Empty (0), Full (1)
Who park at this lot? What kind of vehicle?
Where is the empty parking lot?
When is the peak period?
How to implement a tiered charging?
How to find “overstayed” vehicles?
Why my parking utilization is low?
favoriotSmart Parking
Smart ParkingWith Sensors
Location ofParking
Availability
Parking Utilization
Tiered PricingParking
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Wisdom
Knowledge
Information
Data
More Important
Less Important
Understanding
Example: Smart Waste Management
N/A
Who is collecting the garbage?What is the status of the garbage bin?
When was the garbage collected?Where is the location of the full bin?
How to plan the route of the trucks?How many days till the next
collection?
Why the garbage truck not picking the garbage?
Why a particular area is full of garbage?
Empty (0), Full (1)
favoriotSmart Waste Management
TIMELY SCHEDULE
ALERT
“I’M FULL”
UNATTENDED GARBAGE
RIGHT ROUTES
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Home Health Transport OfficeWaste
IOT Platforms - From Vertical To Horizontal
Blending Data - Creating New Compound Applications
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Who are the IOT players?IOT ECOSYSTEM
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Building IOT SolutionsPARTNERING WITH FAVORIOT
favoriotDelivering The Whole IOT Puzzle
Internet
BiometricUltrasonicTempHumidityPressureMotionPositionLight Image
MotorSwitchLightingValve
Sens
ors
Act
uato
rs IOT
Plat
form
Analytics
Applications
WiFi
2G/3G/4G
LoRa
SigFox
An IoT platform is able to connect to devices and sensors in real time, process data and drive big-data analytics in the cloud.
NB-IOT
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Gateway
3G/Ethernet/Wi-Fi
IOT Devices IOT Devices
3G/Ethernet/Wi-Fi
HTTPSPush/Pull Service
Social Media Integration
DEVICE CONNECTIVITY (REST, MQTT, CoAP)
APPLICATION INTEGRATION
DATA MANAGEMENT
DATA STORE BUSINESS LOGIC
NOTIFICATION ENGINE
REST API
Custom Reporting
SECURITY
BIG DATA TOOLS
Application Development
AUTHENTICATION
Data Analytics
favoriotKey Features of favoriot Platform
Three (3) Pricing Plans:(1) Beginner(2) Startup(3) Business
You can easily create multiple projects, applications, groups, and devices.
You can easily verify and see the data that streams through FAVORIOT platform.
You can create a simple dashboard to visualize your sensor data.
favoriotKey Features of favoriot Platform
You have the ability to geotagged and see all your data plus monitored assets on Google Map.
We provide full documentation regarding how to use the REST API and Tutorials on how to connect Arduino and Raspberry Pi to FAVORIOT
We supported Bash, Python, Javascript or Java.
Jumpstart your first IoT application by connecting Raspberry Pi or Arduino. Sample codes provided.
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favoriotExamples of IoT Solutions
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• Wearable device to monitor the elderly people vital signs such as heart rate, steps, Blood Pressure*, ECG, location*, fall cases and others
• Offered with Favorwatch mobile application to monitor the elderly
• Based on annual subscription
• Optional features* will include but not limited to:
• Health professionals*• Pharmacy*• Care givers*• Elderly care centers*• Hospitals*
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*Coming Soon
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Building the New Generation-IoT
favoriotDiffusion of Innovation
favoriotDemand for IoT Talent
[Source: http://www.financialexpress.com/industry/technology/master-of-internet-of-things-demand-for-iot-talent-surges-300-in-last-3-years/729007/ ]
[Source: https://www.indianweb2.com/2017/08/02/salaries-iot-professionals-india-76-higher-professionals/ ]
favoriotThe Need for 100K IoT Professionals
Choose Your Value-Chain:
1. End-device components2. End devices and sensors3. Embedded operating systems4. IT, network and OSS
infrastructure5. Security6. IoT Middleware7. Cloud infrastructure8. Analytics applications9. Visualization applications10.Management and applications
enablement software11.Service providers12.Vertical products and solutions13.System integrators
[Source: http://favoriot.com/blog/malaysia-needs-100k-iot-professionals-to-complement-the-big-data-workforce ]
favoriotBuilding the Next Generation-IoT
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They are pioneers in IoT
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They are willing to learn and take risks and are good at building virtual teams internally and partnering externally.
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You can recognize these new winners not by their age or their titles—but by their ability to build and deploy agile, flexible business solutions.
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A new generation of leaders, makers, thinkers, and doers is
meeting that change with flexibility and optimism and
transforming it into opportunity.
favoriotThese are the people who see the transformational power of IoT-driven processes, business models,
and new revenue streams.
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They are eager to champion and drive these opportunities in their organizations.
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These people know that IoT is not just one project, one training session, one change.
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They know that in order to succeed they and their organizations need to adjust and re-learn, over and
over again.
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You Are the Generation-IoT
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http://iotworld.co
