Emerging Technology: Internet of Things

Internet of ThingsEmerging Technology

MBA 615 - John Molson School of Business

Aali Malik, Bartosz Petrynski and Nitin Shetty

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Application examples

Pros and Cons of the IoT

Future Developments

Introduction and History

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Application examples

Pros and Cons of the IoT

Future Developments

Introduction and History

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History of IoTPhases of Evolution

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Sensors & Devices

The Internet of Thingsconnects billions ofsensors and devices

such as consumer objects andindustrial equipment

onto networks.

Connectivity / Networks

Increasing amounts ofData produced by thoseSensors and connected

Devices are henceAcquired, logged andStored onto networks.

People & Processes

Networked inputs are thenCombined into bi-directionalSystems for better decision

making,Increased efficiency, new

services orEnvironmental benefits.

IoT DefinitionIoT Connects the physical world to the internet

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1. Sensors & ActuatorsWe are giving our world a digital nervous system

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2. ConnectivityThese inputs are digitized and placed onto networks

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3. People & processesThese inputs are combined into bi-directional systems

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Potential of IoT

Any Place AnywhereAnyone Anybody

Anytime Any ContextAny Service Any Business

Any Path Any Network Anything Any Device

IoT will soon be everywhere …

Home

Consumer

Fashion

Lifestyle

Transport

& Traffic

Retail

Inventory

Logistics

Real-Time

Manufacturing

M2M

Cities

Industry

Health

Body

Agriculture

Control

Security

Detection

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Milk

“The Internet of Things (IoT) is when a milk carton

tells you it’s running low and it’s time to buy milk”

Examples of IoT

Guess the number of connected devices by 2020?

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More connected devices than people

Source: Cisco, April 2011

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A Driver of New Product Cycles

(Incremental Revenue Streams)

Another Leg of Cost Efficiencies

(Better Productivity & Cost Savings)

IoT Value Proposition

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IoT is not only data collection, it’s also……processing it and converting into wisdom

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Application examples

Pros and Cons of the IoT

Future Developments

Introduction and History

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• Connected Retail

• Real time Logistics

• Smart Manufacturing

• Smart Agriculture

Enterprise

applications

• Smart City

• Environment Protection

• Intelligent buildings

• Smart Utilities

Government

applications

• Connected Home

• Connected Car

• Wearables

• Healthcare

Customer

applications

IoT landscapeIoT will soon be everywhere

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B2C

B2B

Government

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5

10

15

20

25

2014 2015 2016 2017 2018 2019

Bill

ion

sIoT landscapeEstimated number of installed IoT devices by sector

Source: BI Intelligence

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• Connected Retail

• Real time Logistics

• Smart Manufacturing

• Smart Agriculture

Enterprise

• Smart City

• Environment Protection

• Intelligent buildings

• Smart Utilities

Government

• Connected Home

• Connected Car

• Wearables

• Healthcare

Customer

IoT landscapeIoT will soon be everywhere

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Key areas

Security

Energy saving

Convenience

How it works?

• Central hub in home

connected to internet

• Number of sensors and

controllers connected to

central hub

• Radio connection using

mesh network

• Central hub is accessible

by web / mobile app

B2C: Connected HomeWhat’s in the ecosystem

Lights & curtain Smart Appliances

Smart Media

Air Control

Background music

Central heating

Safeguard

Video

Intercom

Central AC

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DLearning

thermostatsC

Intelligent

speaker

B Connected locksABulbs connected

to WiFi

B2C: Connected HomeExamples of applications

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Key areas

Predictive maintenance

Insurance

Emergency

• Dongle or smartphone

used for telematics

• OEMs mount own systems

• SIM card pre-installed and

mobile network operators

• EU require blackbox in car

How it works?

Autonomous driving

Sharing

B2C: Connected CarWhat’s in the ecosystem

Telematics hub

Door locks

Navigation system

Battery

SRS

Brake system

CAN BUS

Horn

eCall

Blackbox

Electronic Control Unit

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DCar sharing

and parking CUsage Based

Insurance

BAutonomus

drivingAEntertainment

system

B2C: Connected CarExamples of applications

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• Connected Retail

• Real time Logistics

• Smart Manufacturing

• Smart Agriculture

Enterprise applications

• Smart City

• Environment Protection

• Intelligent buildings

• Smart Utilities

Government applications

• Connected Home

• Connected Car

• Wearables

• Healthcare

Customer applications

IoT landscapeIoT will soon be everywhere

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Key areas

B2B: Connected RetailWhat’s in the ecosystem

Improving the

customer experience

Optimizing supply

chain operations

Creating new channels and

revenue streams

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DJIT promotions and

marketingC Shopping Analytics

BContactless

checkoutASmart-Vending

Machines

B2B: Connected RetailExamples of applications

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DSmart logistics and

warehousingC

Remote crop

monitoring

B Predictive analytics

crops and livestockA

Field and resource

mapping

B2B: Smart FarmingExamples of applications

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• Connected Retail

• Real time Logistics

• Smart Manufacturing

• Smart Agriculture

Enterprise applications

• Smart City

• Environment Protection

• Intelligent buildings

• Smart Utilities

Government applications

• Connected Home

• Connected Car

• Wearables

• Healthcare

Customer applications

IoT landscapeIoT will soon be everywhere

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Government: use cases Examples of applications

Source: Amazon Web Services

City of London Transit hub

efficiency and Route

Navigation for Commuters

Mobility Efficiency

Franchise & Opinions

Singapore Govt. experiments

and also uses for delivering

location based service and

info.

Voting

Jerusalem – Garbage collection

and waste management

Sanitation

Singapore Govt. has mapped

all govt. agencies and are

efficiently delivering target

based services and infor

Co-operate

Public safety & Disaster

management anticipate crime

patterns and deploy resources

effectively

Safety

Smart Grids and water

management cloud based

water management in

Houston

Utilities

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Government: use cases Impact on government

Process re-engineer

Fine tune practices and

innovate novel services

based on data

Cost Reduction

Reduced cost with

optimal utilization of

resources

Decision

Enable real time decision

making to prioritize govt

efforts in right direction

Productive Society

These efforts lead to

satisfied and productive

citizen

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Application examples

Pros and Cons of the IoT

Future Developments

Introduction and History

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Challenges for IOT

Data Security

InteroperabilityStandardization

Revenue Stream

and Value Chain

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Advantages from IOT

ACustomer

Satisfaction

BReal Time

Collaboration E Price Discovery

CNew Revenue

Streams

D No downtime

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Risks with IOT

ATechnology over

dependence

C Data Security

B Digital Divide

DAmplification of

surface of Attack

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Sector Applications

Pros and Cons of the IoT

Future Developments

Introduction and History

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Future of IoT

Projection

Automate

Optimization

Control

MonitorMckensy Report 2015

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Q&A