The Next Big Wave - How ioT Will Shape the Future of Projects
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This document discusses how IoT will shape the future of projects. It introduces Favoriot, an IoT company that provides various IoT solutions like Favorwatch for senior care and Raqib for pilgrims. It discusses how IoT helps address problems like missing pilgrims, difficulty building IoT solutions, elderly living alone, and getting customer feedback. The document also covers Industry 4.0 technologies, the changing nature of jobs, autonomous vehicles, and how IoT can be applied in areas like transportation, insurance, connected homes, agriculture, healthcare, smart buildings and manufacturing. It emphasizes the importance of data, analytics, and developing IR 4.0 applications using the IoT ecosystem.
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Where Are We in the Industrial Revolution?
Manual Electrical Automation Intelligence
[Source: DFI - German Research Center for Artificial Intelligence (2011) | MIGHT - Malaysian Technology Strategic Outlook 2017/2018 Embracing Industry 4.0]](https://image.slidesharecdn.com/thenextbigwave-howiotwillshapethefutureofprojects-190331004032/85/The-Next-Big-Wave-How-ioT-Will-Shape-the-Future-of-Projects-3-320.jpg)
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4th Industrial Revolution Technologies
[Source: World Economic Forum | MIGHT]](https://image.slidesharecdn.com/thenextbigwave-howiotwillshapethefutureofprojects-190331004032/85/The-Next-Big-Wave-How-ioT-Will-Shape-the-Future-of-Projects-5-320.jpg)
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Who Will Replace Your Jobs?
[Source: https://www.ald.softbankrobotics.com/en/robots/pepper ]](https://image.slidesharecdn.com/thenextbigwave-howiotwillshapethefutureofprojects-190331004032/85/The-Next-Big-Wave-How-ioT-Will-Shape-the-Future-of-Projects-13-320.jpg)
![favoriot
[Source: http://postscapes.com/what-exactly-is-the-internet-of-things-infographic ]](https://image.slidesharecdn.com/thenextbigwave-howiotwillshapethefutureofprojects-190331004032/85/The-Next-Big-Wave-How-ioT-Will-Shape-the-Future-of-Projects-18-320.jpg)
![favoriot
[Source: http://postscapes.com/what-exactly-is-the-internet-of-things-infographic ]](https://image.slidesharecdn.com/thenextbigwave-howiotwillshapethefutureofprojects-190331004032/85/The-Next-Big-Wave-How-ioT-Will-Shape-the-Future-of-Projects-19-320.jpg)
![favoriot
[Source: http://postscapes.com/what-exactly-is-the-internet-of-things-infographic ]](https://image.slidesharecdn.com/thenextbigwave-howiotwillshapethefutureofprojects-190331004032/85/The-Next-Big-Wave-How-ioT-Will-Shape-the-Future-of-Projects-20-320.jpg)
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$1.3 Trillion
per year
Savings at
Stage 4
[Source: https://www.quickquid.co.uk/quid-corner/2014/09/03/much-money-will-autonomous-cars-ultimately-save ]](https://image.slidesharecdn.com/thenextbigwave-howiotwillshapethefutureofprojects-190331004032/85/The-Next-Big-Wave-How-ioT-Will-Shape-the-Future-of-Projects-27-320.jpg)
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Market Potential
Transportation
Connected cars are a top IoT device. We estimate
there will be over 220M connected cars on the road
by 2020.
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
Insurance
A survey has found that 74% of insurance executives
believe the IoT will disrupt insurance within the next
five years. 74% also plan to invest in developing and
implementing IoT strategies by 2016, according to an
SMA Research survey.](https://image.slidesharecdn.com/thenextbigwave-howiotwillshapethefutureofprojects-190331004032/85/The-Next-Big-Wave-How-ioT-Will-Shape-the-Future-of-Projects-37-320.jpg)
![favoriot
Market Potential
Connected Home
Smart meters are already a reality, and from the 313
million installed in homes worldwide in 2013, Navigate
Research predicts that number to jump to 1.1 billion by
2022
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
Agriculture
We estimate 75M IoT devices will be shipped for
agricultural uses in 2020, at a 20% CAGR. These devices
are primary sensors placed in soil to track acidity levels,
temperature, and variables that help farmers increase
crop yields.](https://image.slidesharecdn.com/thenextbigwave-howiotwillshapethefutureofprojects-190331004032/85/The-Next-Big-Wave-How-ioT-Will-Shape-the-Future-of-Projects-44-320.jpg)
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Market Potential
Healthcare
We estimate 646M IoT devices will be used for
healthcare by 2020. Connected healthcare devices
can collect data, automate processes, and more.
Smart Buildings
43% of building managers in the US believe the IoT will
affect how they run their building within the next 2 to 3
years, according to a survey from Daintree Networks.
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]](https://image.slidesharecdn.com/thenextbigwave-howiotwillshapethefutureofprojects-190331004032/85/The-Next-Big-Wave-How-ioT-Will-Shape-the-Future-of-Projects-45-320.jpg)
![favoriot
Market Potential
Manufacturing
35% of manufacturers already use smart sensors. 10%
plan to implement them within a year, and 8% plan
to implement them within 3 years, according to PwC
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]](https://image.slidesharecdn.com/thenextbigwave-howiotwillshapethefutureofprojects-190331004032/85/The-Next-Big-Wave-How-ioT-Will-Shape-the-Future-of-Projects-46-320.jpg)
The Next Big Wave - How ioT Will Shape the Future of Projects
- 1. favoriot Dr. Mazlan Abbas Chief Executive Officer (Email: mazlan@favoriot.com The Next BIG Wave : How IOT will shape the Future of Projects PMIMY 2018 – 25 Sept, 2018
- 2. favoriot About FAVORIOT favorwatch for Senior Care Raqib for Hajj/Umrah Pilgrims favoriot IoT Middleware for IoT Developers favorsense for Building Better Communities/Cities Problem: Missing Pilgrims and family anxiety Solution: Smart solution for Pilgrims that can be monitored by Travel Agencies and Family members Problem: Difficult to start learning and building IoT solutions Solution: IoT middleware that helps to rapidly develop IoT solutions with easy to use device management and other tools Problem: Living alone and no caregiver Solution: Smart healthcare for elderly people and monitored from remote by family members Problem: Difficult to get feedback from customer complaints Solution: Crowdsourcing using smartphone to capture issues and create trouble tickets for ease of tracking and solving issues
- 3. favoriot Where Are We in the Industrial Revolution? Manual Electrical Automation Intelligence [Source: DFI - German Research Center for Artificial Intelligence (2011) | MIGHT - Malaysian Technology Strategic Outlook 2017/2018 Embracing Industry 4.0]
- 4. favoriot Industry 4.0 (I4.0) Equal to 4th Industrial Revolution (4IR)?
- 5. favoriot 4th Industrial Revolution Technologies [Source: World Economic Forum | MIGHT]
- 9. favoriot Business Survival in 21st Century • Every 3 to 7 years, organizations need to reinvent themselves • According to The Boston Consulting Group - S&P 500 Companies from 50 years ago – only 19% are still in existence
- 10. favoriot 10 Jobs That Will Be Replaced By Robots 1. Insurance underwriters and claims representatives 2. Bank tellers and representatives 3. Financial analysts 4. Construction workers 5. Inventory managers and stockists 6. Farmers 7. Taxi drivers 8. Manufacturing workers 9. Journalists 10. Movie stars
- 11. favoriot
- 12. favoriot
- 13. favoriot Who Will Replace Your Jobs? [Source: https://www.ald.softbankrobotics.com/en/robots/pepper ]
- 14. favoriot
- 15. favoriot Are We Already In The Era of IR4.0?
- 17. favoriot Understanding IOT What is Exactly Internet of Things?
- 26. favoriot The Future of Autonomous Vehicle Autonomous driving as a safety feature - The driver still does the driving. Autonomous features kick in when the car senses an accident is imminent. Autonomous driving in controlled conditions - The driver still the main vehicle operator, but has the option to give up driving or parking duties to the car Fully autonomous driving - The car fully drives itself. The driver remains in the driver’s seat to take control in the event of emergency. “Autopia” - All the cars on the roads are fully autonomous. No human intervention is needed when driving 1 2 3 4 Phase
- 27. favoriot $1.3 Trillion per year Savings at Stage 4 [Source: https://www.quickquid.co.uk/quid-corner/2014/09/03/much-money-will-autonomous-cars-ultimately-save ]
- 29. favoriot
- 31. favoriot In US, as many as 4 Million truck, bus, delivery and taxi driving jobs could be lost if fully autonomous vehicle technology is adopted
- 32. favoriot FLYINGTAXIAAV – Autonomous Aerial Vehicle
- 33. favoriot Understand Your Customer’s Business How the customer uses your product? What the customer uses your product for? How frequently your customer used the product? Where and for how long your customer used your product? Why your customer uses your product?
- 34. favoriot Example - Is It Worth to Track a Person? USD 20 Per Month Payfor Fun? PaytoSaveUSD 30permonth PaytogetnewRevenue USD25permonth PayforLoyalty Program
- 37. favoriot Market Potential Transportation Connected cars are a top IoT device. We estimate there will be over 220M connected cars on the road by 2020. [Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v] Insurance A survey has found that 74% of insurance executives believe the IoT will disrupt insurance within the next five years. 74% also plan to invest in developing and implementing IoT strategies by 2016, according to an SMA Research survey.
- 38. favoriot Are You A Safe Driver?
- 41. favoriot favorwatch “Live Alone But Not Left Alone”
- 42. favoriot
- 43. favoriot
- 44. favoriot Market Potential Connected Home Smart meters are already a reality, and from the 313 million installed in homes worldwide in 2013, Navigate Research predicts that number to jump to 1.1 billion by 2022 [Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v] Agriculture We estimate 75M IoT devices will be shipped for agricultural uses in 2020, at a 20% CAGR. These devices are primary sensors placed in soil to track acidity levels, temperature, and variables that help farmers increase crop yields.
- 45. favoriot Market Potential Healthcare We estimate 646M IoT devices will be used for healthcare by 2020. Connected healthcare devices can collect data, automate processes, and more. Smart Buildings 43% of building managers in the US believe the IoT will affect how they run their building within the next 2 to 3 years, according to a survey from Daintree Networks. [Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
- 46. favoriot Market Potential Manufacturing 35% of manufacturers already use smart sensors. 10% plan to implement them within a year, and 8% plan to implement them within 3 years, according to PwC [Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
- 47. favoriot Building IR 4.0 Applications Leveraging the IOT Ecosystem
- 48. favoriot Data Ownerships Personal/Household Private Public CommercialSensorDataProvider “Data asset must be well planned, constructed, governed, monitored, maintained and used in ways that seek to derive maximum ROI.”
- 49. favoriot
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- 51. favoriot Wisdom Knowledge Information Data More Important Less Important Benefitto Hum anity Evaluated understanding Appreciation of Answers to questions. Symbols Understanding Answers to questions WHO WHY HOW WHAT WHERE WHEN Value is Created by Making Sense of Data
- 52. favoriot Wisdom Knowledge Information Data More Important Less Important Benefitto Hum anity Understanding Example: Smart Parking N/A Empty (0), Full (1) Who park at this lot? What kind of vehicle? Where is the empty parking lot? When is the peak period? How to implement a tiered charging? How to find “overstayed” vehicles? Why my parking utilization is low?
- 53. favoriot Smart Parking Smart Parking With Sensors Location of Parking Availability Parking Utilization Tiered Pricing Parking
- 54. favoriot Home Health Transport OfficeWaste IOT Platforms - From Vertical To Horizontal Blending Data - Creating New Compound Applications
- 55. favoriot Delivering The Whole IOT Puzzle Internet Biometric Ultrasonic Temp Humidity Pressure Motion Position Light Image Motor Switch Lighting Valve SensorsActuators IOTPlatform Analytics Applications WiFi 2G/3G/4G An IoT platform is able to connect to devices and sensors in real time, process data and drive big-data analytics in the cloud.
- 56. favoriot
- 57. favoriot Smart Modules Smart Objects Connectivity Platform S/W Customization/ System Integrator Application s /Analytics Resellers / Channels Malaysia IoT Ecosystem As of August 10, 2018 @ 5.00 pm R&D/ Universities ©IoTDiscussion Group
- 58. favoriot favoriot IoT Middleware “Creating an IoT Innovation Ecosystem”
- 59. favoriot Gateway 3G/Ethernet/Wi-Fi IOT Devices IOT Devices 3G/Ethernet/Wi-Fi HTTPS Push/Pull Service Social Media Integration DEVICE CONNECTIVITY (REST, MQTT) APPLICATION INTEGRATION DATA MANAGEMENT DATA STORE BUSINESS LOGIC NOTIFICATION ENGINE REST API Custom Reporting SECURITY BIG DATA TOOLS Application Development AUTHENTICATION Data Analytics
- 60. favoriot Examples of IoT Solutions
- 61. favoriot Difficulty in coordinating actions across different organization units Lack of courage to push radical transformation Lack of necessary talent Concern about cybersecurity when working with third party providers Lack of business case that justifies investment in the underlying IT architecture Top Barriers to Industry 4.0
- 62. favoriot Diffusion of Innovation Where Are We Now?