the internet of things - what it is, where its headed and its applications
TRANSCRIPT
The Internet of ThingsWhat it is, where it’s headed and its applications
Justin Grammens IoT Educator / Entrepreneur / Leader
What We Will Cover• About Me
• What is the Internet of Things?
• Hype Cycle and Current Trends of the IoT Today
• Why Care?
• Industry Segments
• Local Success Stories & Community
• Closing Thoughts
About Me• Entrepreneur and co-founder of Recursive Awesome & Code42
• Thought leader in emerging technology
• Professor at the University of St. Thomas teaching on IoT
• Mobile Twin Cities and Mobile March Conferences
• Co-founder of IoTFuse : Non-Profit to promote IoT
• Arduino.MN, IoTHackDay and IoTFuse Conference
• IoTWeeklyNews - Newsletter covering IoT Trends
What is the IoT?• Formal: The Internet of Things (IoT) is the network
of physical objects or "things" embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data.
• Practical: Anything can be connected and communicate in an intelligent fashion. In other words, with the Internet of Things, the physical world is becoming one big information system.
Jason Silva - Shots of Awe
What is the IoT?• Kevin Ashton coined the term in 1999 at MIT
• Originally focused on Radio Frequency Identification (RFID)
• Root concepts similar to Machine to Machine communication (M2M)
• Expands M2M to everything to creating automation in every field
• Has now reached “hype” stage today.
Hype Cycle Phases
Source: Gartner
IoT Hype Cycle
Source: Gartner, 2015
Trends
Source: Google
Trends
Source: Google
Trends
Source: Google
Why Care?Investors are taking notice in the IoT
Why Care?The cost to compete is dropping every day
Why Care?• Google - Purchased Nest for
$3.2 billion
• Intel - $529 million revenue from IoT Division vs. only $51 million from mobile unit.
• Apple - Homekit / HealthKit opportunities
• Samsung - Purchased SmartThings for $200 million
• IBM - Spending $3 Billion to build an IoT Division
Why Care?• Open hardware is having same
effect as open source software
• Arduino
• Low Cost
• Low Power
• Well Supported
• Excellent for LEAN prototyping
Why Care?• Major technology convergence occurring
• Bigger than the explosion of mobile in 2007
• Cheap hardware and low cost of networks
• Explosion of 3D printing for low volume runs
• Low cost cloud infrastructure
• Consumers appetite to track things
• Standards starting to emerge - BLE, NFC, Zigbee
• Ubiquity of mobile devices for data access
Number of Devices
Where is it Being Applied?Software and Services are the growth channels
IoT Sector Growth
Source: Business Intelligence
Industry Segments
Source: Business Intelligence
Industry Segments
Minnesota IoT Successes
$1.2 MM Kickstarter in 2012 Sold to Samsung for $200 MM in 2014
Minnesota IoT Successes
$567,000 Kickstarter in 2013 $4.2 MM Series A in 2014 Rebranded as Particle.io
Minnesota IoT Successes
Raised $627,000 in June, 2015
Minnesota IoT Successes
Honeywell Taking on Google With Smart Thermostats and Security Systems
Minnesota IoT Successes
$75,000 Kickstarter
Minnesota IoT Successes
$700,000 in seed funding Selected into Microsoft Ventures Accelerator
Minnesota IoT Successes
Winner of 2014 Minnesota Cup Competition
Minnesota IoT Successes
$116,00 Raised on Kickstarter
Minnesota IoT Successes
$165,00 Raised on Kickstarter Employees in Minneapolis and San Francisco
IoT Community
Mission: This non-profit 501(c)(3) organization, based in Minneapolis, helps align
the world toward a vision of where the Internet of Things is today, where it is headed in the future, and how technology can improve the physical world
in which we live.
We accomplish this through a yearly conference, hackathons and meetups dedicated to enabling IoT startups and innovation.
Final Thoughts• It might take time before people are
comfortable and embrace the IoT.
• Driverless elevator invented in 1900. The public hated it and some people died.
• Added elevator drivers until a strike in NYC in 1945.
• Industry convinced public that driverless was safe, but it took more than 50 years.
• Hopeful that IoT is much faster. But it has been 15 years!
Final Thoughts• Industry must focus on key areas to increase adoption
• Security
• Data Silos
• Interoperability
• Create Applications Where It Make Sense
• When you have a hammer, everything looks like a nail
Final Thoughts• Web 1.0 - Connecting People to the Internet
( Browser )
• Web 2.0 - Connecting People to People ( Social and Mobile )
• Web 3.0 - Connecting Objects to People and Objects to each other ( IoT )
Thank You
Justin Grammens http://iotfuse.com
Checkout our IoT Newsletter at: http://iotweeklynews.com