Internet of Things - From hype to reality
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The document discusses IBM's perspective on the Internet of Things (IoT), highlighting its rapid growth and projected economic impact of up to $6.2 trillion by 2025. Key areas of IoT value are identified as device connectivity, industry transformation, and data analytics, emphasizing the need for effective management of the vast amount of data generated. It also outlines IBM's initiatives to support businesses in leveraging IoT technologies through its IoT Foundation and investment in cloud-based solutions.
Internet of Things - From hype to reality
- 1. © 2015 IBM Corporation Internet of Things From hype to reality BusinessConnect Seize the Moment 19 October 2015 Kim Escherich | @kescherich Nordic Internet of Things Innovation Architect IBM Analytics
- 2. Seize the Moment © 2015 IBM Corporation What influences us IBM’s view on Internet of Things How we are addressing issues How to get started
- 3. Seize the Moment © 2015 IBM Corporation Koubachi Plant sensor Nest Intelligent thermostat Sen.se Mother Home IoT ecosystem Dash Button 1-click ordering TrackR Things locator IoT is already here Brad, The Toaster Addicted product experiment
- 4. Seize the Moment © 2015 IBM Corporation INSTRUMENTED INTERCONNECTED INTELLIGENT
- 5. Now, we are on the threshold of a massive explosion of connected things 10+ billion devices around the world are currently connected to the Internet. The number is expected to increase dramatically within the next decade, with estimates ranging from 50 billion devices to reaching 1 trillion The Internet of Things has the potential to create economic impact of $2.7 trillion to $6.2 trillion annually by 2025
- 6. Q. How important do you think the “Internet of Things” could be to your company? There is definite consensus that IoT will change businesses 83% of respondents believe it’s either transformational or strategic to their business over time Something to pilot, trial, or dabble with, but not significant 13% Strategic for my organization 62% Transformational 21% Not at all important to my company 2% Don't know 2% Source: IDC’s Internet of Things Survey, February 2014 (N=401)
- 7. Internet of Things Value Add by 2020 $1.9 Trillion Source: Gartner Manufacturing 16% Healthcare Providers 16% Insurance 11% Banking & Securities 10% Retail & Wholesale 8% Computing Services 8% Government 7% Transportation 6% Utilities 5% Real Estate & Business Services 4% Agriculture 4% Others 3%
- 8. Most data is never turned into insights 8 90% Volume of data created at the edge of IoT that is never captured, analyzed or acted upon. 60% Amount of that data that loses its value within milliseconds of being generated. Source: IBM, http://www-03.ibm.com/press/us/en/pressrelease/46453.wss
- 9. Seize the Moment © 2015 IBM Corporation IBM’s view on Internet of Things
- 10. Disruptors are utilizing the Internet of Things and recomposing their businesses by digital transformation New apps are consolidating data and capabilities to engage new audiences Insight from nontraditional sources of data are being infused in business processes to create new business moments New innovations are composed leveraging digital services from a broad ecosystem New channels and business models Digital Innovation Real time insight driven processes
- 11. Today 3 technology forces are converging, accelerating Internet of Things Data Cloud Engagement Smarter cities Smarter vehicles Smarter home Smarter health Smarter factories Smarter transportation Cloud, Apps, and Services “Within the next five years, more than 90 percent of all Internet of Things data will be hosted on service provider platforms as cloud computing reduces the complexity of supporting the Internet of Things ‘data blending.’” Source: IDC, Dec 2014, https://www.idc.com/getdoc.jsp?containerId=prUS25291514
- 12. IoT value is realized in four foundational areas Devices & Networks Connecting what matters Industry Transformation Evolving new business models IoT for Electronics Applications & Solutions Optimizing operations and enhancing performance Maximo, TRIRIGA, PMQ Platforms Building and managing IoT solutions Continuous Engineering, IoT Foundation, IoT Real- time Insights Representative Products
- 13. Design & Engineer things and applications addressing requirements management and complex system design process Secure intelligence and action is critical from the device up through industry solutions Analyze & Optimize information from across the lifecycle leveraging insight for action Connect, Collect, & Command a wide variety of devices with different patterns of data volume, variety and velocity Operate infrastructure safely and securely from rollout to production Manage the lifecycle of assets ensuring safe, reliable and predictive operations Industry Solutions Design & Engineer Operate Manage Analyze & Optimize Connect, Collect, & Command Secure Devices, Gateways, & Assets Protocols
- 14. Seize the Moment © 2015 IBM Corporation How we are addressing issues
- 15. Seize the Moment © 2015 IBM Corporationhttp://www.container-centralen.co.uk/rfid.aspx Container Centralen European RFID authentication, tracking and ecosystem.
- 16. Seize the Moment © 2015 IBM Corporation Dublin City Improving traffic flow by sensoring and big data
- 17. Seize the Moment © 2015 IBM Corporation Silverhook Powerboats 40% faster developmemt process on Bluemix
- 18. Seize the Moment © 2015 IBM Corporation Pratt & Whitney Predictive modelling. 100% prediction on the ground events, 97% accuracy in predicting engine events and $63M teoretical savings.
- 19. Seize the Moment © 2015 IBM Corporation 1919 Daimler FleetBoard Optimizes operations, efficiency and environmental protection with business analytics.
- 20. Seize the Moment © 2015 IBM Corporation Lyse Energi Uses IBM MessageSight to help smarter homes save energy
- 21. Seize the Moment © 2015 IBM Corporation Smarter Cities Uses intelligent operaion centers to get insight and to act
- 22. IBM Research: Social event analysis Real-time crowd estimation based on anonymised mobile phone location data Provides city event organizers and local police with actionable insights on crowd and vehicle density at different locations in the city, and at the main axes of access to the city. Demonstated during the Mons 2015 - European Capital of Culture
- 23. Seize the Moment © 2015 IBM Corporation How to get started
- 24. IoT Foundation Bluemix services Secure Device Registration Scalable Device Connectivity Historian Visual wiring Rules, Push, Geo location, Analytics, Asset management, Predictive Maintenance, … Devices & Gateways Device recipe open community End-to-End Industry Solutions App tips open community IoT SDKs COMPOSABLEBUSINESS
- 25. Third Party Apps IBM IoT Foundation Offerings IBM IoT Foundation Connect Attach, Collect & Organize, Device Management, Secure Connectivity, Visualization IBM IoT Foundation Information Management Storage & Archive, Metadata Management, Reporting, Streaming data, Parsing and Transformation, Manage unstructured data IBM IoT Foundation Analytics Predictive, Cognitive, Real-time, and Contextual IBM IoT Foundation Risk Management Security Analytics, Data Protection, Auditing/Logging, Firmware Updates, Key/Cert Mgmt, Org Specific Security Third Party Apps The IBM IoT Foundation
- 26. IBM Bluemix
- 27. IBM IoT Cloud Open Platform for Industries New analytics services that clients, partners and IBM will use to design and deliver vertical industry IoT solutions. New IoT services within IBM Bluemix Enabling developers to easily integrate IoT data into cloud-based development and deployment of IoT apps. Expansion of its ecosystem of IoT partners From silicon and device manufacturers to industry-oriented solution providers IBM invests $3B over the next four years to help clients and ecosystem partners build IoT solutions
- 28. Kim Escherich escherich@dk.ibm.com +45 2880 4733 internetofthings.dk @kescherich /escherich /in/escherich kescherich@gmail.com Learn more about IBM’s point of view on the Internet of Things: ibm.com/IoT Try out Internet of Things on Bluemix: ibm.biz/try_iot Join us in our IoT conversations: @IBMIoT