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INTERNET OF THINGS - THE NEXT WAVE OF INNOVATION

Business Strategist | IT Enthusiast à Confidential
29 Sep 2014
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INTERNET OF THINGS - THE NEXT WAVE OF INNOVATION

  1. INTERNET OF THINGS THE NEXT WAVE OF INNOVATION
  2. Report by RAJAT Rajat is an IT Enthusiast and Business Strategist who connects the dot between business problems and solutions. He helps organizations embrace emerging technologies. E-Mail: tech-enthusiast@outlook.com LinkedIn: in.linkedin.com/in/maheshwarirajat
  3. What is Internet Of Things? Internet Of Things is an interaction between INTERNET and THINGS. The goal of the Internet of Things is to enable things to be connected anytime, anyplace, with anything and anyone ideally using any path/network and any service.
  4. VISION 2020* $14.4 TRILLION OPPORTUNITY 50 BILLION CONNECTED DEVICES Internet Of Things Market *Source: CISCO 2014 – KEY MARKETS MANUFACTURING $472 BILLION SMART CITIES $27 BILLION UTILITIES $100 BILLION TRANSPORTATION $156 BILLION INTELLIGENT BUILDINGS $271 BILLION HEALTHCARE $132 BILLION RETAIL $160 BILLION GOVERNMENT $301 BILLION
  5. IoT Global Opportunity DATA ANALYTICS $50 billion Big Data Infrastructure, Software & Services, Business Intelligence, Data Integration and Advanced Analytics SERVICE REVENUE FOR COMMUNICATION SERVICE PROVIDERS $355 billion Connectivity Services SOFTWARE & APPLICATIONS $180 billion Enterprise Application Software, SaaS, Other Services NETWORK EQUIPMENT $45 billion Enterprise Network Equipment BUSINESS & OPERATIONS SUPPORT SYSTEM $65 billion External OSS, BSS, Service Delivery Platforms TABLETS $130 billion SMARTPHONES $470 billion SENSOR DEVICES $55 billion RFID, Sensor Terminal Board, Telepresence development POINT-OF-SALE EQUIPMENT $2 billion Mobile POS CUSTOM APPS & SERVICES $26 billion PACKAGE APPS $11 billion CONNECTIVITY $14 billion INFRASTRUCTURE HARDWARE $15 billion HARDWARE MODULES $2 billion Software & Services Network Equipment Hardware/ Devices Core M2M Services & Modules Sources: IDATE; IDC; IDTechEx; IHL Group; Gartner; Ovum; Operator M2M Strategy Update 2012; Wall Street research; Bain analysis
  6. The IoT Architecture BUSINESS SYSTEMS (Ex. ERP, Custom Applications, Industrial Control Systems, Websites etc.) Enterprise Apps Cloud IoT MIDDLEWARE Services GATEWAY SENSORS & ACTUATORS Things EXTERNAL DEVICES & APPS (Mobile, PC, etc.)
  7. Key Verticals Of Adoption Smart Industry: Remote operations, Better asset utilization, Workforce optimization Smart Transport: Smart car, Preventive maintenance, Fleet tracking, Traffic routing Smart Cities: Lightening, Water/Waste Management Monitoring & Security Traffic Control Smart Energy: Grid modernization, Automation & Workforce optimization Smart Buildings: Energy maintenance, Security, Emergency alerts, Smart lightening Smart Healthcare: Food sensors, Patient surveillance, Equipment monitoring, Bio-wearables Smart Retail: B2C customer experience, Inventory management Smart Government: Address security threats, Natural disasters, Environment Prevention
  8. IoT GREEN PATH BENEFITS ü You create and deliver a host of new experiences for your customers. ü You automate previously manual processes and drastically reduce response times for critical operations. ü You understand the state of your business in real-time and make more accurate predictions about where it is going. IoT is the new wave of innovation. IoT has the potential to enable extensions and enhancements to fundamental services in transportation, logistics, security, utilities, education, healthcare and other areas, while providing a new ecosystem for application development. A concerted effort is required to move the industry beyond the early stages of market development towards maturity, driven by common understanding of the distinct nature of the opportunity.
  9. References • Smart Body, Smart World – Forrester • Internet Of Things – River Publishers • IERC – River Publishers • IoT – CISCO • Building The IoT – Xively
  10. THANK YOU Queries??? Contact: Rajat E-Mail: tech-enthusiast@outlook.com
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