MIConnect "Make IoT ideas happen" part 1

MAKE IOT IDEAS HAPPEN

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Facts about the Internet of Things

The majority of people (87%) have not heard of the term

‘Internet of Things’Accenture

Connections PeopleThings

This year, we will have 4.9 billion things connected

to the internetGartner

By 2020, the number of Internet-connected things

will reach 50 billionCisco


What exactly is the Internet of Things?Internet of Things is driven by a combination of 3 entities

Our world slowly but surely becomes a digital nervous system

full of sensors...

Connectivity People & processes

Sensors

the analog sensor in- & outputs are digitized and placed onto

networks (.io)...

and integrated in processes to make better decisions, even

autonomously


Sensors & actuatorsLocation data using GPS sensors

Eyes and ears using cameras and microphones

Sensors that can measure everything from temperature to pressure changes

Source: Postscapes and Harbor Research


Connectivity

The sensor in & outputs are digitized and placed onto networks (.io)

Lots of small data packages are transmitted

New types of WAN networks are needed: Long Range Low Battery power networks like LoRa, Sigfox, etc

New types of PAN networks are needed: Zigbee, Z-wave, BLE, etc

New internet protocols needed: MQTT, CoAP, etc



People & processesTwo-way communication systems

that integrate data, people, processes and systems

for better decision making



The interactions between these entities are creating new types of smart applications and servicesStarting with popular connected devices already on the market

Sensors, Connectivity,People & processes



and quickly advancing to diverse applications



Things get interesting when connected devices start creating compound applications within their own verticals and across industries



Example Transport & Smart Cities


Example Healthcare & Smart Home

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$0,5trillion

Big Data2015

$125 billion

Internet of Things2025

The impact of IoT applications

Wearables2025

$70 billion

Mobile apps2016

$77 billion

Cloud Computing2018

$205 billion

* McKinsey reports 2010 - 2015

x10


IoT impactBy 2020, IoT will impact close to 6%

of the $100T global economy ATKearney

Direct increase in output per unit of cost, enabled by IoT

and reinvested in productive assets and activities

Productivity improvements

$1.7T

Revenue redistributed

$3.4T

Value to end customers

$164B

Revenues directly attributable to sale of

IoT hardware, software, and services

Direct reduction in costs driven by IoT and realized by end

customers

Additional IoT

revenues$370B

Revenues realized within the world economy that will potentially move from one player to another with no

net increase in total economy


Currently less than 0.1%

of all the devices that could be connected to the Internet,

are connected to the Internet


IOT & SustainabilityEnd of life household appliances and consumer electronics, still have a recycling value of $390B each year. IoT active & passive tracking can recapture $56BProject Mainstream: Ellen MacArthur Foundation, McKinsey

The world cannot supply enough batteries for 50 billion devices. We will need new ways to power devices. For example the heating of a seat can power a deviceJan-Willem Smeenk M2M4ALL

To rebuild healthcare in a sustainable way it has to be rebuilt from the ground moving the “point of care” from costly hospitals to the patient’s home. “Individualised care” is coming and IoT will play a big role in it.Fjord trends report 2016

Your house has 20 devices that are constantly working, and there is no need to. About 10% of household electricity is wasted this way.http://standby.lbl.gov/summary-table.html

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Solution: A smart plug+ AllThingsTalk Cloud ● Connectivity to the Internet

● Measurement of consumption

● Switching on and off power over distance

● Set rules on AllThingsTalk Cloud to automate

● €20 savings each year per plug


Thank you for your time

MIConnect "Make IoT ideas happen" part 1

Healthcare

Transcript of MIConnect "Make IoT ideas happen" part 1