How many "things" are there in the Internet of Things?
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The document discusses the current state of the Internet of Things (IoT). It provides examples of successful IoT implementations, such as Disney's Magicband system and Dubuque, Iowa's water management system. The document advises that the starting point for using IoT in an enterprise is to understand your business case and challenges like connectivity, security, and complexity. The future of IoT is presented as connecting business applications across sectors like manufacturing, healthcare, and more.
How many "things" are there in the Internet of Things?
- 1. { How many “things” are there in the Internet of Things ? Swathi Sambhani Chief Technology Strategist, TechNotch Solutions.
- 2. What is IoT and where are we today? “In the real world things matter more than ideas” -Kevin Ashton coined the term “Internet of things” (1999 at Procter and Gamble) Hype: $11.1 trillion per year in 2025 for IoT applications. Current State: Few success stories How to separate hype & reality? How can you apply IoT in your enterprise?
- 3. What the world is talking about Source: © McKinsey & Company
- 4. The reality check It is a network of objects that have embedded components that can connect to the internet eg, smart meters, fitness trackers, medical devices, streetlights, thermostats, factory equipment, unmanned aircraft systems etc.
- 5. Current state and what we can learn from them There are successful examples of IoT implementation that can help us understand the use cases.
- 6. Disney’s Magicband Guests use Magicband to access all amenities in the park, whether to check-in to their hotel or reserve rides or buy food. The Magicband is embedded with sensors that use RFID to track the actions of guests. This helps Disney to optimize their services according to the demand.
- 7. City of Dubuque’s Water Management System A lot of cities are vying to become a smart city but only very few have implemented a tangible IoT management system.The city of Dubuque is an excellent example of the social use of IoT. Utilizing Neptune Technology’s radio frequency meter interface unit, the residents of the city were able to view their water consumption and leaks. This resulted in a 6.6% reduction in water usage and a 11-fold increase in the amount of reported leaks.
- 8. What is the future of IoT?
- 9. What is the Starting point for those who wish to use IoT in their enterprise? • B2B applications of IoT have greater economic potential than consumer applications. • Worksite applications (mining, oil and gas, factories and construction), there is no direct impact for consumers. • Connected consumer health-care products, are linked to B2B systems, such as services provided by health-care providers and insurance companies.
- 10. 1. Know your business case If the goal is not to go after bright shiny objects but to solve a customer problem, increase efficiency and introduce a competitive advantage
- 11. 2.Understand the challenges 2.1 IP Addresses (IP v6 that allows for trillions) 2.2 High speed internet (Wide coverage in rural areas) 2.3 Wireless Communications (Spectrum allocation) 2.4 Security (All objects have to be secure)
- 12. 3. Complexity and multi-component dependency 3.1 Sensors 3.2 Network 3.3 Cloud infrastructure 3.4 Intelligent data analysis 3.5 User experience
- 13. Further References: https://dupress.deloitte.com/dup-us-en/focus/internet-of- things/iot-primer-iot-technologies-applications.html http://www.slideshare.net/cp_more/iot-framework Colin Neagle, “A Guide to the Confusing Internet of Things Standards World,” Network World, July 21, 2014, http://www.networkworld.com/article/245642 Google, “IPv6”; Internet Society, “World IPv6 Launch,” May 27, 2014, http://www.worldipv6launch.org/ infographic/