gaurav sood - internet of things
DESCRIPTION
What is the Internet of Things? The presentation introduces the topic, provides several use cases, identifies market opportunities and size, and the challenges ahead to make this a reality.TRANSCRIPT
INTERNET OF THINGS
ATP InnovationsThursday 20th March
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Thanks to ATP Innovation!
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HealthTechSydney
Birthday!!!
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GAURAV SOODPRODUCT STRATEGYMBA, IE BUSINESS SCHOOL
E: [email protected]: @GauravInnovateLN: www.linkedin.com/ln/gauravsood
HEALTHTECH SYDNEYThe Healthcare Education and Innovation Community
www.healthtechsydney.com.au
Email: [email protected]: @HTSydney
The Healthcare Education and Innovation Community
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THE INTERNET OF THINGS
OPPORTUNITIES & CHALLENGES
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Machines can do the work …
… so, people have time to think.
Lyrics: Machines Work, B(IF)TEK
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Overview1. WHAT IS IOT?2. WHAT IT MEANS FOR YOU3. TECHNOLOGY4. OPPORTUNITIES5. USE CASES6. ADOPTION ENABLERS7. CHALLENGES8. WAY FORWARD9. SPEAKERS
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What is Internet of Things?
SENSOR & INTERNET ENABLED DEVICES—MEASURING & TRANSMITTING
INFORMATION AWARE
—INTERCONNECTED—DEPENDENCY AWARE
INTELLIGENT—ALGORITHMIC DECISION MAKING
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‑ Learns your habits
‑ Controls your environment
‑ Reduces your energy bill
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‑ Remote control for lights
‑ Timed & pre-programmable
‑ Link to notification/alerting
‑ Optimal lighting
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DIKWWISDO
MKNOWLEDG
E
INFORMATION
DATAAssimilation of vast amounts of data to meaningful information
Synthesis of information to knowledge
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What it means for you
SAVING TIME: SUPPLY CHAIN, TRAFFIC, INVENTORY
SAVING ENERGY: GRID, WEATHER & PERSON AWARE APPLIANCES
SAVING MONEY: LIVESTOCK LOSS, AGRICULTURE PROTECTION
IMPROVING LIFESTYLE: DIET, EXERCISE, SLEEP, TRAVEL
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More Mental Bandwidth
Increased Leisure Time
Data Driven Behaviour
Resource Optimisation
Higher Level Problem Solving
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Internet
Networked system
User “Console Applications”
Intelligent Controller “Devices”
“Sensors & Protocols”
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Single Home with sensor enabled smart devices“A System”
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Grid connected smart homes“A System of Systems”
Optimising energy consumption/production
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THE SMARTER & MORE INTERCONNECTED THE SYSTEM OF
SYSTEMS
THE LARGER THE POTENTIAL BENEFIT
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$14.4 Trillion in Revenues and Cost Savings by 2023.
Services and consulting key revenue stream.
Cisco
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Opportunities1. ALGORITHMS & PROTOCOLS PATENTS
(LICENSING)
2. INTELLIGENT DEVICES (SALES & PATENT LICENSING)
3. CONSOLE APPLICATION DEVELOPMENT & CONFIGURATION (CONSULTING)
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Use Cases1.Supply Chain
2.Personal & Home
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Supply Chain1. Preventing stock-outs via automatic re-
stocking2. Reducing travel costs and miles, lower
time to market3. Matching manufacturing to demand4. Higher profitability and revenue potential5. Real-time customer order tracking6. Order customisation
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Personal & Home1. Biometrics: tracking diet, medicine,
sleep, exercise
2. User experiences: Optimising travel, automatic purchasing, recommendations, life style
3. Increasing free, leisure and family time
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Proteus Digital Health
“Half of all medicines not taken as prescribed”
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www.proteus.comhttp://vimeo.com/45229049
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Adoption Enablers SENSORS
1. Increasing variety & strength: biological, nano, fabric, electronic
2. Inexpensive3. Ease of acquisition/integration
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Adoption Enablers SMART DEVICES
1. PHONES/CARS/FRIDGES/TVS/LIGHTING/ROBOTS
INTERNET (IPV6, CLOUD, ANALYTICS)1. HIGH CAPACITY DATA NETWORKS2. ANALYTICS/ALGORITHMS AS A SERVICE3. CENTRAL REVIEW/ANALYSIS (CLOUD/WEB)
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Adoption Enablers
THE “MAKER CULTURE”: CREATION AS A HOBBY— QUANTIFIED SELF— OZBERRYPI
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Challenges INTEGRATION
— MESSAGING PROTOCOLS— MESSAGING FORMAT STANDARDISATION
COMPLEXITY— ALGORITHM IMPLEMENTATION & OPTIMISATION
NASCENT LABOUR SKILL— NICHE BUSINESS AND TECHNICAL SKILLS
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Way Forward COLLABORATION
— INDUSTRY COLLABORATION ACROSS ‘SYSTEMS’— MEANINGFUL AND VALUE DRIVEN COMMUNICATION
STANDARDISATION— COMMUNICATION, SECURITY, PLATFORMS, META-
DATA
INCENTIVES— ALIGNMENT TO REDUCE COSTS WHILE IMPROVING
EXPERIENCE AND GROWING REVENUES TOGETHER
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Speakers1. Dennis Silvers: Manager, Emerging
Industries
2. Treffyn Koreshoff, UTS
3. Andrew Stone: Founder, DrivenLogic
4. Ewan Le Bouris: Founder, SAFE MATE Australia
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Dennis Silvers
Innovate NSWeHealth 27th March
NSW Govt Trade & Investment
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Treffyn Koreshoff
“Human-centric smart object design for aged care
in home”
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Andrew Stone
“OzBerryPI – the hacker/maker community”
#ozberrypiwww.meetup.com/OzBerryPi
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Ewan Le Bouris“An innovative community
program for surfers and beach-goers who care about his/her
own safety.”
www.facebook.com/SafeMateAustralia
Help?Ideas?
People?Feedback?
Pitch and Bitch
Pitch ClubThursday 3rd AprilATP Innovations
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Thank you!
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References FWTHINKING:
HTTP://WWW.YOUTUBE.COM/WATCH?V=LVLT4SX6UVS IBMSOCIALMEDIA:
HTTP://WWW.YOUTUBE.COM/WATCH?V=SFEBMV295KK WHAT’S HOLDING UP THE IOT, READWRITE:
HTTP://READWRITE.COM/2013/06/14/WHATS-HOLDING-UP-THE-INTERNET-OF-THINGS
SPARK, KICKSTARTER: HTTP://WWW.KICKSTARTER.COM/PROJECTS/SPARKDEVICES/SPARK-UPGRADE-YOUR-LIGHTS-WITH-WI-FI-AND-APPS/
NEST: HTTP://NEST.COM/LIVING-WITH-NEST/#MEET-THE-NEST-LEARNING-THERMOSTAT
CISCO’S IOT VISION IS ABOUT SERVICES & GEAR, GIGAOM: HTTP://GIGAOM.COM/2013/06/28/CISCOS-INTERNET-OF-THINGS-VISION-IS-MORE-ABOUT-SERVICES-THAN-GEAR/