The Internet of Things: The possibilities are endless, but ... · The Internet of Things: The...

The Internet of Things: The possibilities are endless, but how will we get there?

Charles Reed Anderson

Head of Telecoms, Mobility & Internet of Things Research, IDC Asia Pacific

[email protected]

CRASingapore

mailto:[email protected]


The Internet of Things Market Size

© IDC Visit us at IDC.com and follow us on Twitter: @IDC 2

2,941

9,787 278

816

186

544

278

816

3,127

7,228

2,468

8,021

-

5,000

10,000

15,000

20,000

25,000

30,000

2014 2020

Millions of IoT Units Shipped

AP C&E Europe Latam MEA NA W Europe

27,214

9,278

AP will provide 31.9% of total units

shipped in 2014 rising to

36.0% in 2020

AP Units Shipped will have a CAGR of

22.9% through 2020, WW 20.5%

The 2014 IoT TAM will be USD 619B in

AP out of USD 1,961B globally

The 2020 IoT AP TAM will be USD

2.60 trillion out of USD 7.45 trillion

globally


Machine to Machine

M2M

Battle of the buzzwords…M2M v IoT v IoE

A device… that captures an event…

transmits it over a network… to an application….

that translates it into meaningful information.

Internet of Things

IoT

Where physical objects, or “things”, seamlessly

connect to the internet and can become

active participants in business processes.

Internet of Everything

IoE

Bringing together the people, process, data & things

to make networked connections more relevant by

turning information into actions.


Internet of Things Ecosystem

Six key areas for IoT solutions



Changing the way we interact…


Changing the

way we manage

our homes…


Changing the

way we shop…


Changing the way companies operate…


Changing the way

industries work together…


Changing the way cities

are managed…


Challenge #1: Where’s the Business Case?

Connecting the iCommerce Value Chain


Supermarket

Local Port Shipping Co.

Farm

Foreign Port

Ground Transport

New Business Models will Emerge


White goods manufacturer with SmartAppliance solution

Supermarket with distribution

Telco’s to offer Supermarket as a

Service?

Deepen customer relationship

New revenue stream

Enables SmartAppliance solution

Drives additional appliance sales

Customer acquisition Customer loyalty Distribution center

versus physical stores Cross/upsell products

Network Operator with SmartHome

solutions

Customers


Challenge #2: Skills Acquisition

Technical

Strategic

Operational


Challenge #3: Security

Devices

Data

Applications

Processes


Challenge #4: Where’s the “innovation”?

The innovation drivers

behind the

Internet of Things

Consumer wearables need to be “enabled”


Leveraging innovative technologies… …to deliver industry-changing solutions

Once enabled, the opps are endless…


Leveraging technology…

Mining

Warehouse

Construction

…to see what isn’t there

Automotive

But, an appcessory ecosystem must evolve


ISV Communities

Analytics

xCommerce

Mobile Advertizing

Application Hubs

R&D Communities

Extend Usability

Industry Solutions

Healthcare Retail

Mining Construction


Challenge #5: Fragmentation and Lack of Standards

How to link the individual solutions?



Challenge #6: Lack of an Ecosystem “Hub”

?

Essential Guidance


Focus on driving operational

efficiencies – quick wins with tangible

value

Develop a “flexible” solution roadmap

Start building a partner ecosystem

Look at adjacent industries to

identify opportutnies – and

potential threats

Build your intenal skills and

capabilities

Get involved NOW! • Industry forums • Standards bodies • Vendors • Frenemies


Charles Reed Anderson

Head of Telecoms, Mobility & Internet of Things Research, IDC Asia Pacific

[email protected]

CRASingapore



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