2. The Internet of Things has arrived!
$7.3
trillion
75%
Endpoints of the Internet of Things will
grow at a 35% CAGR from 2013 through
2020, reaching an installed base of 25
billion units
The worldwide Internet of Things market
will grow from $655.8 billion in 2014 to
$1.7 trillion in 2020 with a compound
annual growth rate (CAGR) of 16.9%
Percentage of companies actively
exploring or already investing in IoT
25
billion
Source: Gartner, P. Middleton, T. Koslowski
and A. McIntyre, Forecast Analysis: Internet of
Things, Endpoints and Associated Services,
Worldwide, 2014 Update, 02 December 2014
Source: IDC Doc 256397 ,Worldwide Internet
of Things Forecast, 2015–2020, May 2015.
Source: The Economist Intelligence Unit, The
Internet of Things Business Index, October
2013.
Internet of Things
2
Opportunity The space industry can be a significant player
within the IoT market over times
Challenge Space is currently only seen as a niche component
in IoT – a perception that needs work to change it
3. 3
Predictions of Growth Driven by Business Needs
Being Predictive
not just Reactive
Collaboration
across
organisation
boundaries not
locked in silos
Offering Services
not just Products
“IOT PROVIDES THE DATA NEEDED FOR THESE GOALS”
4. Business Value for IOT
4
Operational Efficiency
Improved access to near real-time operational data
helps to eliminate waste and use assets more
effectively.
Improved Risk and Compliance
Management
Remote monitoring of assets helps to identify critical
events and automate responses to them.
Enables Preventative Operational Models
Having access to a regular stream of event data
enables new actionable insights that can inform
operational and business decisions
Innovative Service Offers
As data from sensors and other sources are combined
then these enable new data based business models
for customers who can also benefit from the
investment in IOT
Increase asset
utilisation and
improved
maintenance
schedules
Improve
responsiveness to
regulatory
compliance
Enable new service
performance KPIs
based on
availability of
assets
New products and
data driven
business offers
based on new
insights
Internet of Things
*30%
Reduction in
time sorting in
warehouses
*10-20%
Reduction in
worksite H&S
costs
*10-40%
Reduction in
factory
maintenance
Costs
*2-6%
Reduction in
cost from
improved
medical devices
* Source: McKinsey Global Institute, 2015: Unlocking of the potential of the Internet of Things
5. Positioning IoT at the core of commercial offers
Space has a part to play beyond connectivity
Scalable computing power
Sensors increasing in
power and installed base
Diversity of connectivity
options
Capability of data analytics
• SatComms
• Global
Coverage
• Security
• Device Mgmt
• Remove
Software
Management
• Space
Datasets
• EOD As A
Service
• Weather
• etc
• Remote
Sensing
• Global
Coverage
6. Benefits of starting small
Speed Of
Proving
IoT
Benefits
Agile Sprints
Allow
New
Approaches
To Be Tried
Easier To
Manage
Stake-
holders
Expectations
Small
Team
Agile
Approach
Clearly
Defined
Outcomes
Can Be
Tracked
Costs
Contained
Until Value Proven
Easy To
Action
A Small
Number Of
Insights
Test
Ability To
Scale
Before Large
Investment
Minimise
Risk
To The
Business
Understand
Security
Issues
Early On
Test
Ability To
Consolidate
Silos
Understand
Comms
Challenges Before
Rollout