4. favoriotGeneration-IoT:
The Key to Business Survival in 21st Century
A new generation of
leaders, makers, thinkers,
and doers is meeting that
change with flexibility
and optimism and
transforming it into
opportunity.
You can recognize these
new winners not by their
age or their titles—but by
their ability to build and
deploy agile, flexible
business solutions.
All are willing to learn and
take risks and are good
at building virtual teams
internally and partnering
externally.
They are pioneers in IoT
5. favoriotGeneration-IoT:
The Key to Business Survival in 21st Century
They are eager to
champion and drive
these opportunities in
their organizations.
They know that in order
to succeed they and
their organizations need
to adjust and re-learn,
over and over again.
These people know that
IoT is not just one
project, one training
session, one change.
These are the people
who see the
transformational power
of IoT-driven processes,
business models, and
new revenue streams.
6. favoriot
Demand for IoT Talent
[Source: http://www.financialexpress.com/industry/technology/master-of-internet-of-things-demand-for-iot-talent-surges-300-in-last-3-years/729007/ ]
12. favoriot
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
13. favoriot
How Should I Think About IoT?
Device
connectivity &
management
Connecting insights
back to business
Analytics &
operational
insights
16. favoriot
I need to
maintain the
quality of my
goods.
Who is the
intruder?
Can I reduce
my electricity
bill?
Am I
healthy?
When is my
next bus?
Where can I
park?
Monitoring of Assets – Typical Everyday
Questions
What IF we can connect ALL these assets and get the answers to ALL these questions?
The Need To Connect Assets
17. favoriot
Who Benefits From Connected Assets?
Operating
environment
Other products
“things”
Maker
Users
Connected Assets
28. favoriot
Delivering Payback and Business
Value
1. Reduction in costs
2. Revenue generation
3. Streamlined business process
4. Increased uptime
5. Design and creation of new business models
6. Implementation of new go-to-market strategies
7. Development of new products and service delivery options
8. More efficient ways to service and support customers
9. New insight into product usage and customer information
10. Speedier service and delivery
30. favoriot
Market Potential - Construction Business
Reduce rental costs –
send under-used
equipment where it is
needed
Track all assets – never
lose expensive
equipment again
Show alerts and order
replacements before
equipment breaks down
Extend the lifetime of
your assets with informed
decisions
31. favoriot
Market Potential
Transportation
Connected cars are a top IoT device. We estimate
there will be over 220M connected cars on the road
by 2020.
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
Insurance
A survey has found that 74% of insurance executives
believe the IoT will disrupt insurance within the next
five years. 74% also plan to invest in developing and
implementing IoT strategies by 2016, according to an
SMA Research survey.
32. favoriot
Market Potential
Connected Home
Smart meters are already a reality, and from the 313
million installed in homes worldwide in 2013, Navigate
Research predicts that number to jump to 1.1 billion by
2022
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
Agriculture
We estimate 75M IoT devices will be shipped for
agricultural uses in 2020, at a 20% CAGR. These devices
are primary sensors placed in soil to track acidity levels,
temperature, and variables that help farmers increase
crop yields.
33. favoriot
Market Potential
Smart Buildings
43% of building managers in the US believe the IoT will
affect how they run their building within the next 2 to 3
years, according to a survey from Daintree Networks.
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
Manufacturing
35% of manufacturers already use smart sensors. 10%
plan to implement them within a year, and 8% plan
to implement them within 3 years, according to PwC
34. favoriot
Market Potential
Healthcare
We estimate 646M
IoT devices will be
used for healthcare
by 2020. Connected
healthcare devices
can collect data,
automate processes,
and more.
COMING SOON!
from favoriot
favorwatch
Live Alone But Not Left Alone!
Beyond Smartwatch!
40. favoriot
Wisdom
Knowledge
Information
Data
More
Important
Less
Important
Understanding
Example: Smart Waste Management
N/A
Who is collecting the garbage?
What is the status of the garbage bin?
When was the garbage collected?
Where is the location of the full bin?
How to plan the route of the trucks?
How many days till the next
collection?
Why the garbage truck not picking
the garbage?
Why a particular area is full of
garbage?
Empty (0), Full (1)
46. favoriot
Delivering The Whole IOT Puzzle
Internet
Biometric
Ultrasonic
Temp
Humidity
Pressure
Motion
Position
Light
Image
Motor
Switch
Lighting
Valve
SensorsActuators
IOTPlatform
Analytics
Applications
WiFi
2G/3G/4G
LoRa
SigFox
An IoT platform is able to connect to devices and sensors in real time,
process data and drive big-data analytics in the cloud.
NB-IOT
49. favoriot
Benefits of Using favoriot
1. Cloud-based platform (PaaS and SaaS)
2. Reduces time to market from months to weeks
3. Reduces the cost and risk of application
development
4. Can be easily tailored for multiple business
applications and different market segments
5. Capable of handling millions of devices, data
streams and scale elastically
6. Simple business rule creation process
7. Easily handling data ownership for sharing and
monetizing
8. As the platform evolves, you get new features
easily