Asset Management : Readiness And Challenges Towards IR 4.0
20 August, 2019 @ Dewan Azman Hashim, Universiti Teknologi Malaysia, Jalan Semarak, Kuala Lumpur
Internet of Things (IoT) and Crowdsensing in the AFM Industries
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Internet of Things (IoT)
and Crowdsensing in the
AFM Industries
Dr. Mazlan Abbas
CEO - FAVORIOT
Asset Management : Readiness
And Challenges Towards IR 4.0
20 August, 2019 @ Dewan Azman Hashim,
Universiti Teknologi Malaysia, Jalan Semarak,
Kuala Lumpur
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BUSINESS SURVIVAL IN 21stCENTURY
• 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
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Where Are We In The Industrial Revolution
IR 1.0
(Manual with
Physical Tools)
IR 2.0
(Electrical)
IR 3.0
(Automation/
Internet)
IR 4.0
(Intelligence)
1.0 3.02.0 4.0
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Difficulty in coordinating actions
across different organization
units
Lack of courage to push radical
transformation
Lack of necessary talent
Lack of business case that justifies
investment in the underlying IR 4.0
architecture
Top Barriers
to IR 4.0
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Challenges That We Are Facing
1. Improving reliability and efficiency
2. Ensuring operational continuity
3. Managing the increasing complexity of buildings
4. Merging legacy building and systems
5. Maintaining aging infrastructure
6. Improving reporting and compliance
7. Challenge of “doing more with less.”
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What We Want To Achieve
1. More effective asset management
2. Operational efficiencies from better building usage
3. Environmental efficiencies including less consumption of
energy
4. Procurement efficiencies ultimately leading to greater
return on investment.
5. Compliance adherence – fully auditable evidence-
based data sets
6. Demonstrate innovation and thought leadership to
clients
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Ad Hoc ,
Chaotic, VIRAL
SMS
Whatsapp
Facebook
Twitter
Radio TV
Capacity To Hear And Respond
Traditional channels
(web portals, emails,
phone calls etc) and
methods unable to
handle effectively
PEOPLE AUTHORITIES
“Black hole” issue
Mobile App
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User-Centric • Building Trust
User-Centric Data-Driven Decision
Smart Tools Responsive
Cost Effective
Accountable
Transparent
Collaborative
Benefits to Users Benefits to Authorities
Official Channel
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We Build Cities Based on People-Centric Approach (Citizen Engagement Approach)
CROWDSENSING
Get public and private
parties to send reports via
their smartphones.
RANK&DECIDE
Authorities decide
and justify their
next plan of action
BUILDNEXT
SMART
APPLICATIONS
LeverageinnovativeIOT
solutionstosolvethe
painpointsofpublicor
privateorganizations.
INSIGHTS
Big Data Analytics are
performed to get more
useful insights.
Authorities and Key
Management can view
KPIs and SLAs
instantly
ESCALATE&SOLVE
Issues are assigned to proper
field force, measure their
effectiveness and notify the
“reporters” regarding the
status of report.
favoriot APPROACH
BUILDING THE NEXT SMART CITY APPLICATIONS
IDENTIIFY
Collect incident reporting,
identify locations of issues
and assign accordingly
favorsensefavorsense
favorsense favorsense
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Summary - favorsense
favorsense - is a
CrowdSensing platform
that allows public and
private parties to build
better Communities
and Cities
Crowdsensing Management
Platform (CMP) - Problem
resolution backend system
that eases the workflow in
handling issues
Field Force - The public,
private or communities can
join hands in resolving any
problems.
Insights - Crowdsensing data
are aggregated and decision
making can be made based
on the insights.