This session will present challenges with building enterprise-level IoT solutions, the use of Continuous Engineering practices and lifecycle management tools to address those challenges, and the resulting business value from the perspective of business and engineering leaders. One of the scenarios that we will look at more details is around IoT-connected car.
3. IoT represents enormous scale and impact
25 Billion
Installed IoT Devices2 by 2020
$3.6 Trillion
Potential economic impact1 per year by 2020
70% B2BIoT value created in B2B use cases1
Source: 1) McKinsey June 2015 2) Gartner November 2014
Connected devices are growing at an
exponential rate
Value derived from this connectivity
drives massive monetary opportunity
Majority of value will be in B2B and
B2B2C use cases
4. Many companies are very early in their IoT strategic planning
and a number of challenges exist to monetize the IoT
5. Business
• Competition / disruptors
• Failures
• More regulation / compliance
Some IoT Challenges
Technical
• Systems of systems
• Multiple organizations
• Open environments
• New failure modes
• Security and safety
6. 6
Learn and innovate faster with an IoT feedback loop
Continuous Engineering
Cognitive Analytics
IoT-enabled
products/systems
Manage
Requirements
Manage
Development
Build and
Deploy
OperateAnalyze
Design for
Analytics
Analytics
for Design
Design
System
Verify and
Validate
Design and DeliverDesign and develop products/solutions
Analyze data to inform
Business
Leaders,
Engineers
and Developers