The document discusses the Internet of Things (IoT) and its scope and benefits. It defines IoT as connecting devices to share information and improve efficiency using sensors and software. IoT is creating a network of everything around us and transforming industries like healthcare, telecom, education, retail, and banking through optimizing data collection and analysis. The possibilities of IoT are vast as it brings convenience through interconnecting devices and extracting meaningful insights from data.
IP addressing and IPv6, presented by Paul Wilson at IETF 119
IoT Scope and Benefits Across Industries
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Internet of
Things
Its scope &
benefits
The rapidly progressing technological
innovation that the world can’t ignore!
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What is IoT?
The Internet of Things is the way
of connecting devices to
communicate, share information,
anticipate needs, solve problems
and improve efficiency.
Advanced technology like
software, sensors, actuators
enable these 'smart objects' to
collect and exchange relevant
data!
It is poised to bring about a
paradigm shift in both, our
professional and our personal
life.
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IoT – the network of
everything around us!
IoT is a concept where an object
is assigned to an IP address and
through that IP address, we
make that device identifiable on
internet.
Hence, it creates a network of
everything around us.
Along with advancements in
cloud, machine learning and AI,
IoT technology too is
progressing rapidly and is all set
to bring in convenience in ways
more than one in our lives!
Machine
Learning
AI
Cloud
The forces driving IoT
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Why is IoT the latest buzz
word across industries?
IoT is all about optimizing Data.
With the advent of cloud and rapid progress
in AI, storage of data and the extent of its
interpretation to extract meaningful
information too has grown in leaps and
bounds! While a huge chunk of data is
available to us, proper analysis of relevant
data is the key to take required actions! IoT
will address two of the biggest challenges –
eradicate all flaws in data collection and
interpretation (since even the smallest of
errors can lead to severe errors in judgment)
aid in handling unstructured data
Hence, it is safe to assume that the
possibilities are endless!
IoTDevice
connection
Data
sensing &
collecting
Data
transport
& access
Data
analysis
Defining
Data value
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IoT - transforming
industries
All sectors be it, BFSI, Software,
Telecom, Healthcare, Retail and
even Education management
relies heavily on gathering and
analysing data. So, it’s actually
hard not to imagine IoT
disrupting various aspects of
these services industries!
Both, consumers and business
owners in each sector have
been profiting considerably and
IoT is ushering an era of great
convenience everywhere!
IoT
BFSI
Education
Management
Healthcare
Telecom
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. IoT adds the power of
data to the decision-
making process and
personalization aspects in
this sector. The industry is
currently focusing on 2
key data sources to power
their IoT innovations –
mobile apps
and, digital sensors in
bank branches and ATMs.
In 2020, the expected
budget allocation is
supposed to increase to
34% in the BFSI industry
alone.
User friendliness
Risk assessment and profiling
Product monitoring
IoT in BFSI industry
The prime benefits
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A sector as critical as healthcare
benefits from IoT in ways more
than one – with the possibilities
of human error reducing, proper
diagnosis based on data, real
time health monitoring system –
the possibilities of a true Internet
of Healthcare Things, where all
medical equipment or devices
are interconnected, are endless!
By 2019, 87% of healthcare
organizations will have adopted
IoT technology. (Source:
https://www.i-scoop.eu/internet-
of-things-guide/internet-things-
healthcare/)
IoT in Healthcare
Most common IoT technologies
Patient
Monitors
Energy
Meters
X-Rays
& Imaging
Devices
64%
54%
33%
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Telecommunications is arguably
the hub of IoT. In 2018 itself, the
global investment by TelCos in
IoT tech is supposed to reach a
whopping $169.5 million.
In India also, this development is
spurred by the Digital India
initiative and the objective of
establishing a 100 smart cities!
(Source:
https://www2.deloitte.com/insigh
ts/us/en/focus/internet-of-
things/iot-in-telecom-
industry.html)
IoT in Telecom
Attributes that TelCos can
improve with the help of IoT
Grade of
Service
Quality of
Service
Quality of
Experience
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While intelligent
automation i.e. a
combination of AI and
automation can
integrate vast amount
of data and automate
entire workflows in the
education sector, the
basic data collection
can be enabled by
IoT.
IoT in Education Management
Few of the IoT technologies
already revolutionising the
education sector
IoT
Essay
grading
Personalized
tutor
Feedback for
teachers &
students
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IoTSmart
Homes
Smart Cities
Wearable Devices
Intelligent
Data Analysis
Big Data Cloud
Everything
Everywhere
AI
Machine
Learning
Server
Network
Retail
Telecom
Healthcare
Education
Smart
phone
BFSI
Software
Anything Anywhere Anytime
Data
IoT – An Overview
Wireless
Broadband