The Internet of Things: Definition, Driving Forces, and Benefits

Post on 13-Apr-2017

100 views 4 download

transcript

WHAT IS IOT?It is a system of interrelated computing

devices, mechanical and digital machines,

objects, animals or people that are assigned

with unique identifiers (or IP addresses)

connected to the Internet.

A thing, in the Internet of Things, can be a

person with a heart monitor implant, a farm

animal with a biochip transponder, an

automobile that has built-in sensors to alert

the driver when tire pressure is low.

It has the ability to transfer data over a network

without requiring human-to-human or human-

to-computer interaction for remote control,

automation, data gathering, and measuring.

THE IOT HAS THE POTENTIAL TOGROW GLOBAL CORPORATE PROFITS

BY 21% IN 2022.

THAT TRANSLATES TO10,000,000,000,000,000,000,000

BYTES OF DATA OVER18,200,000,000 CONNECTIONS.

FORCES BEHIND IOTRapid growth of social media, cloud &

mobile computing, Big Data,

increased processing power, and

many others.

Transition from IPv4 to IPv6 removes

the barriers to connectedness.

Acceptance and deployment of IoT in

businesses.

B E N E F I T S O F I O T

BETTER DECISIONMAKING

It will generate real-time datathan ever before. Businesses

depend on these data to makebetter decisions to stay

competitive.

Businesses need to have a planto process and analyze these

huge quantities of data totranslate bigger revenue for

them.

OPERATIONAL EFFICIENCY& PRODUCTIVITY

IoT generates real-time datafrom sensors to monitor andenhance process efficiency,reduce human intervention,and decrease energy costs.

All data obtained can beutilized to minimize downtimedue to maintenance, inventory,

as well as time to market

B E N E F I T S O F I O T

B E N E F I T S O F I O T

BETTER SAFETYAND SECURITY

IoT services integrated withsensors and video camerashelp monitor workplace to

ensure equipment andemployee safety and protect

against physical threats.

In measuring and managinghazardous equipments orenvironments, connected

machines can refrain puttingpeople at risk.

INCREASE BUSINESSOPPORTUNITIES

IoT opens the door for newbusiness opportunities and

helps companies benefit fromnew revenue streams

developed by advancedbusiness models and services.

IoT-driven innovations buildstrong business cases, reduce

time to market and increasereturn on investments.

B E N E F I T S O F I O T

B E N E F I T S O F I O T

COST SAVING

The improved asset utilization,productivity, and processefficiencies can save your

expenditures.

For example, predictiveanalytics and real-time

diagnostics drive down themaintenance costs.

ENHANCED ASSETUTILIZATION

IoT will improve tracking ofassets (equipment, machinery,tools, etc.) using sensors and

connectivity, which helpsorganizations benefit from

real-time insights.

Organizations could moreeasily locate issues in theassets and run preventive

maintenance to improve assetutilization.

B E N E F I T S O F I O T

THE INTERNET OF THINGS IS THE NEXTSTAGE OF THE INFORMATION REVOLUTION.

IT OPENS A WIDE ARRAY OF POSSIBILITIESTO ENHANCE THE QUALITY OF LIFE IN ALLASPECTS. BUT IT IS ESSENTIAL THAT WETAP ON THE RIGHT SPOTS TO MAKE THISTECHNOLOGY WORK THE BEST FOR US.