Internet of Things - The new Paradigmn
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Internet of Things The New Paradigm April 29, 2015
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Transcript of Internet of Things - The new Paradigmn
Internet of ThingsThe New Paradigm
April 29, 2015
Internet of things is already here
60 - 100Will be connected to the internet by 2015 ranging from cars to smart phones to machines.
Connected devices will exist by 2020 as per Gartner predictions
In built sensors on average exist in most cars released in 2014
26 billion6 billion
IoT connects the physical world to the internet
Devices Networks & Connectivity
IoT connects billions of sensors and devices like consumer objects and industrial equipment, onto networks
High volume of data produced through these sensors and devices are collected and logged onto networks
Network inputs are combined analysed and converted into insights for increased efficiency, and smarter decision making
People & Processes
Applications of IoTScenario: Healthcare
Access for family in critical care settings
Remote patient monitoring by healthcare professionals
Patient information access for clinical settings
In-hospital patient tracking & Indoor navigation
Patient education & wellness monitoring
Emergency services in critical need situations
Applications of IoTScenario: Retail
When shopping in the market, the goods will introduce themselves.
When entering the doors, scanners will identify the tags on clothing.
When paying for the goods, the microchip of the credit card will communicate with checkout reader.
When moving the goods, the reader will tell the staff to put a new one.
• Technological standardization are fragmented• Security• New Privacy laws • Network speed & capacity• Management of Big Data• Culture, skills and business processes• Application Development / Partner ecosystems• What is in it for me??
Risk vs. Reward
Monetizing IoT
70% Of the early IoT adopters do not generate revenues from their IoT solutions
SourcesInternet of things spending guide by vertical market, IDC, 2014The Internet of Things: Making sense of the next mega-trend, Goldman Sachs, Sept 2014Internet of Things: A Horizon Watching 2014 Trend Report, IBM, 2014The Internet of things, Capegemini Consulting, 2014IoT SOTA Report 2013 Cisco Visual Networking Index: Global Mobile Data Traffic Forecast Update 2014–2019 White PaperWireless-Enabled Remote Patient Monitoring Solutions, Qualcomm Life, 2014
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