This document summarizes key points from a talk on Industry 4.0 and the Internet of Things given by Dr. Mazlan Abbas. It discusses how organizations need to reinvent themselves every 3-7 years due to disruptions. It provides an overview of the industrial revolutions and the growth of the Internet of Things. Examples of emerging IoT applications are presented, including smart parking, smart waste management, and connected health devices. The importance of data, information and analytics in creating value from IoT solutions is explored.
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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
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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
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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.
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Wisdom
Knowledge
Information
Data
More
Important
Less
Important
Understanding
Example: Smart Waste Management
N/A
Who is collecting the garbage?
What is the status of the garbage bin?
When was the garbage collected?
Where is the location of the full bin?
How to plan the route of the trucks?
How many days till the next
collection?
Why the garbage truck not picking
the garbage?
Why a particular area is full of
garbage?
Empty (0), Full (1)
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Key Features of favoriot Platform
Three (3) Pricing
Plans:
(1) Beginner
(2) Startup
(3) Business
You can easily create
multiple projects,
applications, groups,
and devices.
You can easily
verify and see the
data that streams
through FAVORIOT
platform.
You can create a
simple dashboard to
visualize your sensor
data.
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Key Features of favoriot Platform
You have the ability
to geotagged and
see all your data
plus monitored
assets on Google
Map.
We provide full
documentation
regarding how to use the
REST and MQTT API
complete with Tutorials
on how to connect
Arduino and Raspberry Pi
to FAVORIOT
We supported
Bash, Python,
Javascript or Java.
Jumpstart your first IoT
application by
connecting Raspberry Pi
or Arduino. Sample
codes provided.