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What is the Internet of Things? The presentation introduces the topic, provides several use cases, identifies market opportunities and size, and the challenges ahead to make this a reality.
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INTERNET OF THINGS
ATP InnovationsThursday 20th March
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Thanks to ATP Innovation!
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HealthTechSydney
Birthday!!!
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GAURAV SOODPRODUCT STRATEGYMBA, IE BUSINESS SCHOOL
E: [email protected]: @GauravInnovateLN: www.linkedin.com/ln/gauravsood
HEALTHTECH SYDNEYThe Healthcare Education and Innovation Community
www.healthtechsydney.com.au
Email: [email protected]: @HTSydney
The Healthcare Education and Innovation Community
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THE INTERNET OF THINGS
OPPORTUNITIES & CHALLENGES
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Machines can do the work …
… so, people have time to think.
Lyrics: Machines Work, B(IF)TEK
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Overview1. WHAT IS IOT?2. WHAT IT MEANS FOR YOU3. TECHNOLOGY4. OPPORTUNITIES5. USE CASES6. ADOPTION ENABLERS7. CHALLENGES8. WAY FORWARD9. SPEAKERS
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What is Internet of Things?
SENSOR & INTERNET ENABLED DEVICES—MEASURING & TRANSMITTING
INFORMATION AWARE
—INTERCONNECTED—DEPENDENCY AWARE
INTELLIGENT—ALGORITHMIC DECISION MAKING
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‑ Learns your habits
‑ Controls your environment
‑ Reduces your energy bill
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‑ Remote control for lights
‑ Timed & pre-programmable
‑ Link to notification/alerting
‑ Optimal lighting
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DIKWWISDO
MKNOWLEDG
E
INFORMATION
DATAAssimilation of vast amounts of data to meaningful information
Synthesis of information to knowledge
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What it means for you
SAVING TIME: SUPPLY CHAIN, TRAFFIC, INVENTORY
SAVING ENERGY: GRID, WEATHER & PERSON AWARE APPLIANCES
SAVING MONEY: LIVESTOCK LOSS, AGRICULTURE PROTECTION
IMPROVING LIFESTYLE: DIET, EXERCISE, SLEEP, TRAVEL
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More Mental Bandwidth
Increased Leisure Time
Data Driven Behaviour
Resource Optimisation
Higher Level Problem Solving
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Internet
Networked system
User “Console Applications”
Intelligent Controller “Devices”
“Sensors & Protocols”
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Single Home with sensor enabled smart devices“A System”
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Grid connected smart homes“A System of Systems”
Optimising energy consumption/production
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THE SMARTER & MORE INTERCONNECTED THE SYSTEM OF
SYSTEMS
THE LARGER THE POTENTIAL BENEFIT
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$14.4 Trillion in Revenues and Cost Savings by 2023.
Services and consulting key revenue stream.
Cisco
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Opportunities1. ALGORITHMS & PROTOCOLS PATENTS
(LICENSING)
2. INTELLIGENT DEVICES (SALES & PATENT LICENSING)
3. CONSOLE APPLICATION DEVELOPMENT & CONFIGURATION (CONSULTING)
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Use Cases1.Supply Chain
2.Personal & Home
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Supply Chain1. Preventing stock-outs via automatic re-
stocking2. Reducing travel costs and miles, lower
time to market3. Matching manufacturing to demand4. Higher profitability and revenue potential5. Real-time customer order tracking6. Order customisation
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Personal & Home1. Biometrics: tracking diet, medicine,
sleep, exercise
2. User experiences: Optimising travel, automatic purchasing, recommendations, life style
3. Increasing free, leisure and family time
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Proteus Digital Health
“Half of all medicines not taken as prescribed”
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www.proteus.comhttp://vimeo.com/45229049
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Adoption Enablers SENSORS
1. Increasing variety & strength: biological, nano, fabric, electronic
2. Inexpensive3. Ease of acquisition/integration
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Adoption Enablers SMART DEVICES
1. PHONES/CARS/FRIDGES/TVS/LIGHTING/ROBOTS
INTERNET (IPV6, CLOUD, ANALYTICS)1. HIGH CAPACITY DATA NETWORKS2. ANALYTICS/ALGORITHMS AS A SERVICE3. CENTRAL REVIEW/ANALYSIS (CLOUD/WEB)
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Adoption Enablers
THE “MAKER CULTURE”: CREATION AS A HOBBY— QUANTIFIED SELF— OZBERRYPI
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Challenges INTEGRATION
— MESSAGING PROTOCOLS— MESSAGING FORMAT STANDARDISATION
COMPLEXITY— ALGORITHM IMPLEMENTATION & OPTIMISATION
NASCENT LABOUR SKILL— NICHE BUSINESS AND TECHNICAL SKILLS
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Way Forward COLLABORATION
— INDUSTRY COLLABORATION ACROSS ‘SYSTEMS’— MEANINGFUL AND VALUE DRIVEN COMMUNICATION
STANDARDISATION— COMMUNICATION, SECURITY, PLATFORMS, META-
DATA
INCENTIVES— ALIGNMENT TO REDUCE COSTS WHILE IMPROVING
EXPERIENCE AND GROWING REVENUES TOGETHER
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Speakers1. Dennis Silvers: Manager, Emerging
Industries
2. Treffyn Koreshoff, UTS
3. Andrew Stone: Founder, DrivenLogic
4. Ewan Le Bouris: Founder, SAFE MATE Australia
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Dennis Silvers
Innovate NSWeHealth 27th March
NSW Govt Trade & Investment
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Treffyn Koreshoff
“Human-centric smart object design for aged care
in home”
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Andrew Stone
“OzBerryPI – the hacker/maker community”
#ozberrypiwww.meetup.com/OzBerryPi
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Ewan Le Bouris“An innovative community
program for surfers and beach-goers who care about his/her
own safety.”
www.facebook.com/SafeMateAustralia
Help?Ideas?
People?Feedback?
Pitch and Bitch
Pitch ClubThursday 3rd AprilATP Innovations
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Thank you!
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References FWTHINKING:
HTTP://WWW.YOUTUBE.COM/WATCH?V=LVLT4SX6UVS IBMSOCIALMEDIA:
HTTP://WWW.YOUTUBE.COM/WATCH?V=SFEBMV295KK WHAT’S HOLDING UP THE IOT, READWRITE:
HTTP://READWRITE.COM/2013/06/14/WHATS-HOLDING-UP-THE-INTERNET-OF-THINGS
SPARK, KICKSTARTER: HTTP://WWW.KICKSTARTER.COM/PROJECTS/SPARKDEVICES/SPARK-UPGRADE-YOUR-LIGHTS-WITH-WI-FI-AND-APPS/
NEST: HTTP://NEST.COM/LIVING-WITH-NEST/#MEET-THE-NEST-LEARNING-THERMOSTAT
CISCO’S IOT VISION IS ABOUT SERVICES & GEAR, GIGAOM: HTTP://GIGAOM.COM/2013/06/28/CISCOS-INTERNET-OF-THINGS-VISION-IS-MORE-ABOUT-SERVICES-THAN-GEAR/
