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All the 4THINGS You Need
to Know
• 4 Era of Industrial Revolution
• 4 Barriers of IR 4.0
• 4 Phases of IoT Maturity
• 4 Reasons for a Pilot Trial
• 4 Business Models Transformation
• 4 Levels of Value Pyramid
• 4 Important Areas in IoT Value Chain
• 4 Steps to Build Your IoT Solution
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BUSINESS SURVIVAL IN 21stCENTURY
• Every 3 to 7 years, organizations need to
reinvent themselves
• According to The Boston Consulting Group -
S&P 500 Companies from 50 years ago –only
19% are still in existence
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Where Are We In The Industrial Revolution
IR 1.0
(Manual)
IR 2.0
(Electrical)
IR 3.0
(Automation/
Internet)
IR 4.0
(Intelligence)
1.0 3.02.0 4.0
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Difficulty in coordinating actions
across different organization units
Lack of courage to push radical
transformation
Lack of necessary talent
Lack of business case that justifies
investment in the underlying IR 4.0
architecture
Top Barriers
to IR 4.0
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Why IoT Is At An Inflection Point?
Hardware
is cheap
Connectivity
is pervasive
Moore’s Law
continues
Metcalfe’s Law
”Network
Effects”
Development
is easy
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4 Steps to Build Your IoT Solutions
1. Define Business Problem
2. Ask the Right Questions and Select the Right Sensors
3. Find the Right IoT Platform – On Premise or Cloud
4. Choose the Right IoT System Integrator
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Key Features of FAVORIOT IoT Platform
• Rapid Development
• User-friendly APIs
• Ease of onboarding IoT Devices
• Scalable platform
• Notification Engine – Email and
SMS
• IoT Support Forum Discussion
Board – Building Community
• Examples – Videos and Sample
Source Codes
• Many new and enhanced
features in Version 2.0 including
ability to make Dashboard Public
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Favoriot Offer 3 Core products
Raqib
Favoriot IoT Middleware
for IoT Developers
Favorsense
for Building Better Communities/Cities
Problem: Health and
safety.
Solution: Smart
wearable for monitoring
the health and safety of
the individual such as
pilgrims, patients, senior
citizens, employees,
tourists, etc
Problem: Difficult to start
learning and building IoT
solutions
Solution: IoT middleware
that helps to rapidly
develop IoT solutions
with easy to use device
management and other
tools
Problem: Difficult to get
feedback from
customer complaints
Solution: Crowdsourcing
using smartphone to
capture issues and
create trouble tickets for
ease of tracking and
solving issues
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RAQIB Market and Its Potential
Hajj/Umrah
Senior
Citizens
Employee Outdoor Sports
TravelersPatients
Current Targeted Market Potential Market
*The platform is flexible
and open to integrate
with different smart
wearables or IoT
devices using Open
APIs