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Presentation at IIM Indore, 15 Sept 2016
Speaker : Amitabha Saha Roy
Business Transformation
driven by IoT
Origins of IoT
“If we had computers that knew everything there was to know about things – using data they gathered without any help from us – we would be able to track and count everything, and greatly reduce waste, loss, and cost. We would know when things needed replacing, repairing, or recalling, and whether they were fresh or past their best. The Internet of Things has the potential to change the world, just as the Internet did. Maybe even more so”
- Kevin Ashton in a presentation to Procter & Gamble in 1999
IoT – Why we are not there yet
~40% of all data is never stored;remainder is stored locally offshore
Only ~1% of data can be streamedonshore for daily use
Data cannot be accessed in real time,enabling only “ad hoc” analysis
Reporting is limited to a few metrics,which are monitored in retrospect
No interface is to enable real timeanalytics to capture offshore data
Maintenance is still conducted atmanufacturer-recommended intervals
Oil Rig example
$11TrillionTotal potential economic impact per year by 2025
That is massive ! Over 4X the GDP of India
Transforming Homes
SECURITY AND SAFETY
Data from cameras and other sensors are analyzed and
alerts users if danger (e.g risk of Childers
drowning) is identified
USAGE-BASED DESIGNUsage patters are collected and analyzed to design the next generation of products
PRE-SALES ANALYTICS Better understand of user
enables cross-selling opportunities
ENERGY MANAGEMENTThermostat and multiple sensors learn about users
behavior and allow remote
control CHORE AUTOMATION
Autonomous home
appliances and devices
learn about users’ behavior
and identify best time to
perform tasks autonomously
Transforming Cities
1Electrical distribution
and substation automation
2 Water leak identification
3 Traffic control
4 Autonomous vehicles
5 Bus and train scheduleManagement
RESOURCE MANAGEMENT
TRANSPORTATION
6 Air and water quality monitoring
7 Crime monitoring and prevention
PUBLIC SAFETY AND HEALTH
Transforming Mines
OPERATIONS MANAGEMENT : Use IoT to centrally or remotely optimize operations
HEALTH AND SAFETY : Real-time tracking of workers and equipment to issue alerts
CONDITION-BASED MAINTENANCE : Through continuous monitoring, determine when maintenance will be needed proactively
IOT-ENABLED R&D : With actual usage data generated by IoT-enabled equipment, suppliers can develop new components and eliminate unused features
PRE-SALES ENABLEMENT : Based on usage data, equipment suppliers can suggest more appropriate models or cross-sell additional equipment
Transforming Cars
DYNAMIC PRICING MODELUsage-based insurance rates
based on driver behavior
INCREASE EFFICIENCY AND REDUCE COST
Remote optimization ofcommercial fleets
Economic impact of IoT
Monitoring and managing illness
Energy Management, safety, chore automation
Automated checkout, layout optimization, realtime promotions, inventory management
Security, Energy monitoring, worker monitoring
Applications
Economic impact of IoT
Operations Optimization, Predictive maintenance, Safety
Equipment maintenance, safety, IoT enabled R&D
Condition based maintenance, Personalized Insurance
Public Safety and health, Traffic control, Resource management
Logistics Routing, Autonomous cars, navigation
Applications
Origins of IoT
1. Morgan Stanley Blue paper - The ‘Internet of Things’ Is Now
2. The Internet of Things : Mapping the value beyond the Hype, McKinsey Global Institute
3. Software is eating the world by Marc Andreesen, WSJ
4. Using IoT Data to Understand How Your Products Perform by Satya Ramaswamy in HBR
Origins of IoT
Amitabha Saha Roy is the Global Practice Lead,Sales & Marketing area, CPG Practice at TCS.Amitabha has worked leading IT companies likeTCS,HP and has rich international experience ofworking in US, India, Japan and Europe.Outside of work, Amitabha is an avid Photographerand Public speaker.