8/13/2019 PGP1 ISM1 Grp03 Mckinsey Internet of Things

1/7

Internet of Things

by Group 3

2013PGPM012: Atul Katiyar

2013PGPM013: B.Siva Sankaran

2013PGPM026: K Aravind Reddy

2013PGPM036: Mathan Anto Marshine P2013PGPM048: S.Harimanjunathan

8/13/2019 PGP1 ISM1 Grp03 Mckinsey Internet of Things

2/7

Introduction

Internet of things - use of sensors, actuators, and datacommunication technology.

Enables tracking, controlling or coordinating objects viathe internet or a data network.

New ways of monitoring, controlling and managing allthe moving parts of a business.

Ranges from simple identification tags to complexsensors and actuators.

Example : The cities Sao Paulo and Beijing use sensorson pipes and pumps to monitor conditions and changepressure using actuators when necessary.

8/13/2019 PGP1 ISM1 Grp03 Mckinsey Internet of Things

3/7

Process

Three steps are involved:

1. Data capture

2. Information aggregation and

3. Action.

Data communication links transmit the captured data andthe programming.

Application: RFID (Radio frequency identification) tagswhich track the flow of raw materials, parts, goods.

Companies use RFID to spot bottlenecks, manageinventory and tighten their supply chain.

Example: FedEx uses this to enable customers to tracktheir packages.

8/13/2019 PGP1 ISM1 Grp03 Mckinsey Internet of Things

4/7

Potential applications

1. Medical: Capsule endoscopy wireless data communication

In hospital health monitoring.

Elimination of counterfeit drugs.

2. Manufacturing:

Operational efficiency improvements.

Improved precision manufacturing.

3. Power sector:

Smart electrical grid systems to conserve energy.

Reduction in total outage times.

Better regulation of voltage and load balancing between

lines.

8/13/2019 PGP1 ISM1 Grp03 Mckinsey Internet of Things

5/7

5. Better policing:

Source of gun shots can be identified using analysis ofsound from multiple sensors.

6. Agriculture: For farmers, irrigation schedules can be better decided

using leaf and soil sensors

Crop damage can be avoided.

Drip fertilisation can be made more efficient using IOT. Yields can raise up by 10-20% translating to economic

impact of $100 billion per year by 2025.

7. Retail industry:

Supply chain, inventory management

8. Miscellaneous:

Avoiding accidents. This saves an estimated $50 billionper year by 2025.

Oil, metal and mineral extraction can be improved.

8/13/2019 PGP1 ISM1 Grp03 Mckinsey Internet of Things

6/7

Enablers:

Due to cheaper Micro electromechanical systems,

sophisticated sensors can now be placed anywhereBarriers:

Cost of sensors and actuators are currently high

Standardizing for interoperability.

Ability of companies to handle large volumes of data.

Privacy and security concerns.

Assigning legal responsibilities of injuries caused by IOT.

Implications: Potential misuse of IOT data by terrorists, criminals and

hackers.

8/13/2019 PGP1 ISM1 Grp03 Mckinsey Internet of Things

7/7

Appendix