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.
Communication Accommodation Theory Kaylyn Benton.pptx
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]
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
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 ]
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.
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]
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.
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