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