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Defining your Breakout IoTStrategy
Webinar
W. David StephensonOwner, Stephenson Strategies
@data4all
Insights from:
Internet of Things
Potential to change everything!
Components
• A name for every thing
• Real-time monitoring
• Instant data sharing
• Analyze things’ current state & control them
The Value•Turn data into insights
•Make those insights actionable, to create smart, precise operations and products
“IoT could generate up to $11.1 trillion a year in economic value by 2025.”
– McKinsey
IoT Tools & Components
Internet
Sensors
Actuators
Data storage & analysis
Mobile devices & apps
Augmented reality
Platform
Circular Company
• Away from hierarchy & linear
processes
• Circular organizations linking
everything & revolving
around real-time data hub
40% of companies wont survive without IoT!
Don’t wait!
Everyone needing real-time data to do jobs better and/or make
better decisions can instantly share it.
Attitudes
• Privacy & security critical
• Share data — don’t hoard it
• Close loop
• Rethink products
Team Approach
Start with an IoT SWAT Team
Identify pilot projects
Use Agile, visual development
DevOps for continuous delivery
Create a feedback loop
First Things First
• Data analysis tools
• Cloud storage
• Data scientists
Precision: Maintenance
Precision: Manufacturing
Precision: Supply Chain
Precision: Supply Chain
Precision: Supply Chain
Precision: Distribution & Sales
Precision: Distribution & Sales
AntTail
• Sensors monitor medication temperature & light for the “last mile” between
pharmacy & patient
• App makes data actionable through proactive notifications & workflows
• Results:
• 99% temperature compliance
• Less wasted medicine
• Better patient outcomes
Product Design
Today: Servitization
• Rolls Royce: “Power by the Hour”
Customer Experience
Hortilux:
• Monitor light processes with
sensors & apps to interpret data &
inform grower
• Optimizes indoor growing
conditions instead of selling bulbs
• Predictive maintenance
Efficiency & Revenue Generation
Solomon Group:
• Sensor-enabled turnstiles and apps
track attendance at large festivals
• Ensures compliance with fire codes
• Sells more tickets with real-time
insight into traffic in/out of venue
• Minimizes counterfeit tickets
• Optimizes staffing, food & beverage
etc. based on traffic patterns
IoT & Transformation
• Make incremental improvements
• Make organization real-time data-centric
• Empower your workers, share the data
• Democratize data, give them the tools
Download the on-demand webinar to learn more about defining your IoT
strategy.
Download Webinar