Governance and Nation-Building in Nigeria: Some Reflections on Options for Po...
Empowering Digital Lifestyle in Internet of Things
1. favoriot
Dr. Mazlan Abbas
CEO, FAVORIOT
Email: mazlan@favoriot.com
MCMC, Kuching Sarawak, November 8, 2018
Empowering Digital Lifestyle in Internet of
Things
4. favoriot
Why IoT Is At An Inflection Point?
Hardware
is cheap
Connectivity
is pervasive
Moore’s Law
continues
Metcalfe’s Law
”Network
Effects”
Development
is easy
17. 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
18. favoriot
Who Will Replace Your Jobs?
[Source: https://www.ald.softbankrobotics.com/en/robots/pepper ]
Robots, improving ‘Phygital’ experience for today’s empowered shoppers.
40. favoriot
Example - Is It Worth to Track a Person?
USD 20
Per
Month
Payfor
Fun?
PaytoSaveUSD
30permonth
PaytogetnewRevenue
USD25permonth
PayforLoyalty
Program
42. favoriot
Understand Your Customer’s Business
How the customer uses
your product?
Which features 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?
52. 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.
56. 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.
57. 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.
[Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
65. favoriot
http://edition.cnn.com/2016/10/12/asia/china-elderly-missing/
Aging Population Issues in China
• Senior citizens aged 65 or
over account for up to 80% of
missing elderly person cases
• Of those who were found
after being reported missing,
25% then went missing again
• Around 25% of those missing
had been diagnosed with
Alzheimer's or dementia,
while 72% suffered some sort
of memory impairment
66. favoriot
The new law says those children who do not live
with their parents must visit or at least “greet them
frequently”. If the offspring do not obey this
clause, parents can apply for mediation, or bring
a case against their children to court.
67. favoriot
WHAT-IF we have a SERVICE that monitors the
MOST important ASSETS of a person
Health
Safety Peace of Mind