iot slam keynote: the rise of the iot application with chris o'connor

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Chris O’Connor General Manager of IBM Watson IoT Offerings The Rise of the IoT Application IoT Slam June 21, 2017

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Chris O’ConnorGeneral Manager of IBM Watson IoT Offerings

The Rise of the IoT Application

IoT SlamJune 21, 2017

The Rise of the IoT Application1

The Internet of Things has taken hold

$11.1 trillion IoT economic benefit by 2025 McKinsey

22 billionIoT devices installed by 2018IDC

7 millionTwitter mentions YTDTwitter

IoT is making a big impact…

130+ VC financings in 2015 (up 100% YTY)CB Insights

$3 bnInvested by IBM…and garnering

major investment.

60% increasein M&A activity in 2016 with $40 million in total valueTechTarget IoT Agenda

The Rise of the IoT Application2

Improve operations and lower cost

Enhance customer experience

Organizations are looking to the IoT for three primary outcomes

Transform and generate new revenue streams

The Rise of the IoT Application3

IoT transformation is being driven across industries

InsuranceAutomotive BuildingsIndustrialproducts

Travel &Transport

Electronics Retail Energy and Utilities

Aerospace & Defense

Manufacturing

The Rise of the IoT Application4

But it’s no longer a big deal to just hook something upWe’re entering the era of the IoT application

InsuranceAutomotive BuildingsIndustrialproducts

Travel &Transport

Electronics Retail Energy and Utilities

Aerospace & Defense

Manufacturing

Connected Car

Predictive Maintenance

Connected Fleet

Connected Elevators

Wearables for Worker

Safety

Digital Twin for

Maintenance

Intelligent Equipment for Manufacturing

Quality

Connected Appliances

Store Wellness

Smart Grid Asset Health

Connected appliances reduce Whirlpool’s IT costs with cloud-based hosting and solution as a service delivery. Additional value is being driven through a new link from customers to warrantee services, product design and automated retail replenishment.

Connected AppliancesWhirlpool is seeing a 70% decrease in customer service calls, and a 50% reduction projected in service and parts provision costs

Wearables are enabling identification of potentially problematic conditions by data from wearables to alert workers of hazardous conditions in real time.

Wearables for Worker Safety

North Star BlueScope Steel is using wearables to protect workers in extreme environments

Store wellnessA large international retailer drove18-38% lower store operational costs90% reduction in alarm volume100% automated work order generation2-3 weeks advance notice of failures10-12% energy consumption reduction

Additionally, shopper insights drove a 7-14% Increase in sales

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Asset Health

DTE Energy is leveraging an IoT for Energy solution to implement an analytics roadmap in support of asset health and reliability

DTE is responsible for delivering electricity reliably to over 2 million customers in SE Michigan. They ensure the power is always on with predictive analytics and maintenance from Watson IoT for Energy.

With over 24,000 buildings to manage, it became a cumbersome task for Sodexho, a French food services and facilities management company, to manage over 1.2 million assets, 7,000 technical users, and 100,000 self-service portals for clients to request services.

Facilities ManagementSodexo shifted to a facilities management solution and saw a 20% reduction in total cost of ownership

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Predictive MaintenanceGKN Driveline has moved to 100% of production assets handled by preventative maintenance

GKN is using this asset management solution to analyze years of maintenance, usage and failure data to spot points of potential vulnerability within production lines.

Smart Grid Fingrid Oyj has seen 99% fasterfault analysis using real-time data from grid management systems

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Spatial analytics enable instant issue location across a 14,000 km network, leading to Smarter investments with a modern, future-proof grid management solution

Digital TwinDAQRI is gaining predictive insights with AR Digital Twin

This augmented reality helmet allows workers to ask questions and control the digital twin with voice. Digital twin provides current status and predicted failure date.

Transforming into a Services CompanyKONE is using the IoT to intelligently service over 1 Million elevators and escalators that move 1 Billion people a day.

KONE is leveraging its position as a single point of control of people flow to transform into a services company by capitalizing on IoT data.

Thank you

Find out how we’re innovating with clients and partners at:

IBM.com/IoT

IBM.co/digitaltwin