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Internet of Things Tyra Oldham PhD, MBA, CEO LANDSDS Welcomes BDPA
Internet of Things
Tyra Oldham PhD, MBA, CEO
LANDSDS
Welcomes BDPA
Internet of Things approach
• Why is Internet of Things
• What are the things
• Connect things to people, place and things
• Economics of things
• Think smarter opportunity
• Your role in IoT
• Snapshot of businesses in IoT
“Internet of Things”
Why?
Energy
Technology
Data
Infrastructure
Leadership
Enterprise
People
American Society of Civil Engineers Quiz
The rating of U.S. Infrastructure grade:
• A
• B
• C
• D
• F
Internet of Things• Internet of Things-software in their cars, infrastructure,
smart appliances that communicate with back-end systems to keep the house running smoothly, robots manufacturing on factory floors, and now virtual reality headsets.
• Leapfrogging past wearables for ultimate goal is not to create a world where machines act alone. The goal is to create a world in which people can interact with their technological to improve the human condition.
• Gartner estimates that IoT will have 26 billion units installed by 2020 ..(http://virtusdatacentres.com/article/government-right-invest-iot/#sthash.JwoiqlCN.dpuf)
• Gartner forecasts 4.9 billion connected things in use in 2015
• IDC forecasts IoT in Asia-Pacific (excluding Japan) is set to explode to 8.6 billion devices by 2020, growing from US$250 billion to US$583 billion in 2020
Thinking things
• Organizations are spending billions of dollars to consolidate its data into massive data lakes for analytics and business intelligence without any true confidence applications will achieve a high degree of performance, availability and scalability.
• A decrease in traditional IT expenditure is in line with current market trends. Many of the companies that fulfill government IT contracts, such as IBM and Oracle, are shifting their own resources into cloud computing.
• FTC Chairwoman Edith Ramirez summed up the challenge for all IoT vendors and those that purchase IoT devices: “The Internet of Things holds great promise for innovative consumer products and services. But consumer privacy and security must remain a priority as companies develop more devices that connect to the Internet.”
IoT makes things smarter• The concept of prediction is not new in technology. What has
changed is the availability of masses of data from the thousands of sensors that constitute the Internet of Things and the ability to use it for continuous prediction without manual intervention.
• Analyze fast flows of data
Speaking smart and things
Energy mix of things
Energy – renewables, traditional..
Smart grid of things
Microgrids of things
Smart microgrids generate, distribute, and regulate the flow of electricity locally to consumers. Ideal to:Integrate renewable resources Allow for customer participation in the electricity enterprise.
Data capture of things
• Today, by continuously monitoring the actual conditions and actions of equipment, staff, inventories, trades, and anything else that impacts a business, gathered data can be analysed and acted upon. The aggregated amount of data is mind-boggling, described in terabytes, petabytes and exabytes.
Networks of things
Networking infrastructure of things
Building of things
Home of things
Social mobility of things
Mobile cloud of things
How many things
Things connect by IoT
What we know
• In 2015, 4,800 connected end points are added every minute.
• In 2018, the IoT installed base will be split 70% in the enterprise and 30% in the consumer market, but enterprises will account for 90% of the spending (IDC). Business-to-business applications will probably capture more value—nearly 70 percent of it—than consumer uses, although consumer applications, such as fitness monitors and self-driving cars, Smart is integrating the pieces
• The number of Internet of Things connected devices will number 38.5 billion in 2020, up from 13.4 billion in 2015: a rise of over 285 per cent.
NEXT- Internet connects the everything
• The Internet connects the unconnected!
• IoE brings together people, process, data and things to make networked connections more relevant and valuable than ever before- turning information into actions that create capabilities, richer experiences and unprecedented economic opportunity for business, individuals and countries.
Data impact
Sensor solutions
Sensor sensitivity
Human interface engaging things
Human Interface
Rests on safety security • The hack of IoT exploit vulnerabilities.
• One of the issues with these embedded devices is that it’s often impossible for the buyer to configure or secure the device –come factory preset with no instructions or on unmodifiable chips.
• Thus the IoT industry has a large part to play in mitigating IoT dangers for both corporate and consumer scenarios.
• Employ security professionals, including hackers, and offer rewards to people for finding vulnerabilities in their products.
• Not oversell or misrepresent the security features of their products, or how much control the user has.
• Ensure that their IoT systems follows basic security best practices including allowing the buyer to set a unique and complex password.
• Ensure that their IoT systems can be upgraded to patch against new known security exploits.
• In manufacturing, data streaming from single components or entire pieces of equipment can used to predict the possibility of future failures, new components to be synchronised with that of the repair technician.
Hinges on net neutrality
Economics of things
Over the next few years, North America will
still be the focal point for the IoT
The IoT has a large potential in developing economies, but it will have a higher overall value impact in advanced economies because of the higher value per use. However, developing economies could generate nearly 40 percent of the IoT’s value,
The telecommunication industry leads in IoT investments
• The Telecommunications, banking, utilities, and securities/investment services industries are the leading sectors investing in IoT in 2015 (IDC)
• Industrial manufacturers reported the largest average revenue increase from their IoTinitiatives last year (29%)
• Forecast to have the largest revenue increase from the IoT by 2018 (27% over 2015).
• Industrial manufacturers led in using sensors and other digital technologies to monitor the products they sold to customers (with 40% of the companies doing so)
Vision of things
Economic potential of things
VCs• Value: $1.6 billion- October 2014 Cisco announced Venture Capital firms
were expected to invest in IoT.• Connected devices will boost capital investments.• Wim Elfrink, Chief Globalisation officer of Cisco, told the Internet of
Things World Forum that "10.69 billion Things were connected until October 2013, which has gone up to 13.69 billion in October 2014“
• IoT start-ups increased from 13 in 2013 to 189 in 2014 creating 300,000 new job places across the industry.
IoT industries
Monetization
When things connect
IoT & IoE delivers sustainability
Optimizes the customer
Autonomous driving• Sensing its environment and navigating without human input
• Telematics—the use of software and hardware technology in cars—can help us avoid accidents, can place our own entertainment at our fingertips, can improve our gas mileage and more…
Smart transportation
Encourages smart cities
Smart homes
Our role in smart
• Policy and advocacy• Consumer education• Smart applications for home
and business• Economic participation• Jobs and career focus• Innovation and insight• Technology and patents• Smart revolutionist• Understanding the role or smart and IoT
Snapshot of businesses in IoT
United Health companies
• Symmetry EBM Connect is decision support software that compares medical and pharmacy claim, lab result, and enrollment data with evidence-based best practices for clinical conditions and preventive measures.
• EBM Connect helps you assess provider and patient compliance with proven evidence-based treatment standards.
• EBM Connect compares the medical claim, pharmacy claim, lab result, and enrollment data from your plan with evidence-based best practices for over 90 clinical conditions and almost 600 measures of care.
Home smart players
• Comcast has 500,000 subscribers Xfinity Home platform
• Home Depot, Lowe's and Best Buy, appliance and thermostat makers like Whirlpool and Honeywell, bundled communications providers like AT&T and Time Warner Cable, and security-plus-solar players such as Vivint, are all bringing wirelessly networked, smartphone-controllable devices
• Parks Associates reports that about 10 million smart, wirelessly connected thermostats, lights, power strips and plugs were sold last year, and it predicts that figure will nearly double to 19 million units by 2017
The boom• India Smart Cities Project- Value: $2 trillion In race, no one beats India. The
Indian government is serious about its IoT strategy and has announced a package of $2 trillion to connect 100 cities across the country.
• Intel- Potential Value: $10.4 billion- In 2011, Intel made its biggest acquisition to date by spending $7.7 billion buying data security specialist McAfee, rebranded as Intel Security. In March 2015, Intel was said to be discussing the purchase of chipmaker Altera for $10.4 billion, Intel has also changed its financial reporting structure saying it would report on five separate lines of business, one of which is Internet of Things
• IBM- Value: $3 billion in cloud data. In March this year that the giant splashed $3 billion to connect the Internet of Things to the enterprise. Between 2015 and 2019, IBM will be looking to establish a new IoT unit designed to help clients and ecosystem partners build IoT solutions.
• Google- Value: $3.7 billion. Google is an innovation leader when it comes to the smart world. Google Glasses to the smart contact lenses now IIOT. Last year, Google spent $3.7 billion: $3.2 billion for networked thermostat makers Nest Labs and $555 million for Dropcam, a maker of networked video cameras.
• Nest Labs, founded by two former Apple executives, Tony Fadell - the iPod 'father' -and Matt Rogers, kept its identity even after being acquired by Google. Nest produces a thermostat capable of learning user behavior and working out whether a building is occupied or not, using temperature, humidity, activity and light sensors.
• General Electric (GE)- Value: $2.5 billion. GE’s approach to IoT is slightly more industrial that the other investors in this list. They call it: the Industrial Internet (InI). The company works within the Power and Water, Oil and Gas, Energy Management, Aviation, Healthcare, Transportation, and Capital industries and it is not seen as a direct technology guru. In 2010 everything was about to change, they bought software licenses worth $2.5 billion to change industrial machines into smart industrial machines.
• Qualcomm mobile chip maker- Value: $2.5 billion. $2.5 billion was spent by Qualcomm when acquiring Cambridge Silicon Radio (CSR) in 2014. They expanded its portfolio of 3G, 4G and next-generation wireless technologies with the purchase. CSR was a pioneer in Bluetooth technology for machine-to-machine (M2M) communication with exponential impact within the automotive and wearable market.
• Samsung Ventures- Value: $1 billion. After a year where revenues soared to $188 billion, in the Spring of 2013, Samsung announced the creation of a $1 billion investment fund, dubbed the Samsung Ventures America Fund. The project focused on cloud infrastructure, mobile privacy, internet of things, human interface, and mobile health.
Cisco
• Value: $1 billion -plans to build the world's largest "Intercloud" for the Internet of Everything came at a cost of $1 billion.
• The investment has a life span of two years, lasting up to 2016 where the giant and its partners will develop an open network of clouds with APIs for rapid application development to serve the enterprise market.
• The OpenStack Intercloud will be designed to use Cisco's Application Centric Infrastructure to optimize performance and help roll out services faster, offering network and security architecture to allow high performance workloads, real-time analytics, wide scalability, and full compliance with local data laws.
• Additional investment from partners like Telstra, Allstream, Canopy, Atos, Ingram Micro, Logicalis, MicroStrategy, OnX Managed Services, SunGard, and Wipro are yet to be confirmed.
We all are a part of things and everything
Remember
IOT&
IoE
Thank You!
Tyra Oldham, PhD, MBA
LANDSDS
Contact us on
IoT, Smart Grid & Business Sustainable Solutions
(513) 617.9464
@Tyra_Oldham
@LANDsds
