© 2015, Fiatech The Internet of Things as the Antidote for Risk IoT In Case of Risk.

© 2015, Fiatech

The Internet of Things as the Antidote for Risk

IoT

In Case of Risk

© 2015, Fiatech

Wonders of the Ancient World

23 years to construct

5.9 M tons of material

Still in existence

Would data have saved these?

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The IoT Antidote

Do Lead; Don’t React

Walk Then Run

Find Some Friends

Tell the World

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Risk Is Still Inherent

Project Data in Silos

Business Decisions

Isolated Data

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Scientia potentia est

“You cannot manage what you cannot measure.”

Peter Drucker

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Internet of Things (IoT)

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Estimated Value of IoT?• Total economic value-add from IoT across industries = $1.9 trillion worldwide in 2020

(Gartner)

• 50 billion devices will be connected to the Internet by 2020 (Cisco)

• Remote patient monitoring market doubled 2007–2011, and is projected to double again by 2016.

• Utility smart grid transformation will almost double the customer information system market, from $2.5 billion in 2013 to $5.5 billion in 2020 (Navigant Research)

• Wide deployment of IoT technologies in the auto industry could save $100 billion annually in accident reductions (McKinsey)

• Industrial Internet could add $10-15 trillion to global GDP (GE)

• 75% of global business leaders are exploring the economic opportunities of IoT (The Economist)

• UK recently approved 45 million pounds (US $76.26 MM) in research funding for IoT technologies.

• Cities will spend $41 trillion in the next 20 years on infrastructure upgrades for IoT (Intel)

• Number of developers in IoT activities will reach 1.7 MM globally by the end of 2014, (ABI Research)

$10T–$15Tto

Global GDP

AutoIndustry Savings$100B

Cities investing

$41TIoT

$1.9T

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Myths and Truths About IoT

McKinsey. Internet of things: a perspective. Dec 2014.

Myth

IoT is mostly about wearables and connected homes

IoT is a futuristic technology

IoT is an expensive and highly speculative undertaking

Most of IoT value will be captured by solution providers in the high-tech sector

Truth

70% – 80% of total value lies in enterprise applications

In many industries (eg, GE aircraft engines), IoT concepts have been used for 20 years

Most IoT business cases are driven by cost savings and investment is relatively limited

The vast majority of value (80% – 90%) will be captured by users across other verticals

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The IoT Big 3

1. Make Money• New revenue streams, products & services

2. Save Money• Efficiencies, productivity & cost savings

3. Regulatory Compliance

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The IoT Solution Gap

Device

Reporting Analytics

Data Store

Device Management

Applications Sharing

Hosting

HistoricalData

Scripting

Customer Data Services

CAUTIONMind the Gap

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Pain Points in the IoT Solution Gap

Reporting Analytics

Data Store

Device Management

Applications Sharing

Hosting

HistoricalData

Scripting

Customer Data Services

Device

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Data Service Exchange™ for Connected Device Platforms

Reporting AnalyticsData Store

Device Management

Applications

Sharing

Device Management

Device

ScriptingHostingHistorical Data

Device

Device

Device

Device Management

Device

Connected Device Platform (CDP)

Device

Gateway

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6 categories illustrate the breadth of potential IoT applications…


Tracking behaviorEnhanced situational awareness

Sensor-driven decisionanalytics

Process optimizationOptimized resource consumption

Complex autonomoussystems

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Example – The Smart City


• Citizens benefit froma reduction in traveltime, betteremergency services,less frequentelectricity outages,etc.

• Direct citizen savings (e.g., fuel cost, water bill)

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Example – Elevator Servicing


2-3% reduction in call-backs

2-3% increase in revenues from lowerattrition

3-5% reduction inmaintenance labor costs

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Three ExamplesH

ealth

& S

afet

y W

eara

bles • Enclosed

space data• GPS location • Vitals

monitoring• PPE

deployment Dis

aste

r Pre

venti

on • Vibration• Pressure• Tension• Temperature

Real

-Tim

e W

ork

Anal

ysis • Thickness of

asphalt• Compaction

or density of materials

© 2015, Fiatech The Internet of Things as the Antidote for Risk IoT In Case of Risk.

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