Week12 Internet of Things IOT
Week12 Internet of Things IOT
Week12 Internet of Things IOT
ADVANCES IN BUSINESS
APPLICATION DEVELOPMENT
SCALING AND DATE MANIPULATION IN AI
INTRODUCTION TO IOT AND EMBEDDED SYSTEMS
CONTENT
1. Introduction
2. Benefits of IoT
3. Application and use of IoT
4. IoT challenges
5. What needs to be done?
6. Top IoT technologies and trends
7. Future of IoT
8. Q&A
N – CONT’D things.
WHY IOT?
• Organizations in a variety of industries are
using IoT to operate more efficiently, better
understand customers to deliver enhanced
customer service, improve decision-making
and increase the value of the business.
IOT ECOYSTEM
• An IoT ecosystem consists of web-enabled
smart devices that use embedded
processors, sensors and communication
hardware to collect, send and act on data
they acquire from their environments.
• IoT devices share the sensor data they
collect by connecting to an IoT gateway or
other edge device where data is either sent
to the cloud to be analyzed or analyzed
locally.
GARTNER
Trend No. 3: Infonomics and Data Broking: The
theory of infonomics takes monetization of data further
by seeing it as a strategic business asset to be recorded
in the company accounts. By 2023, the buying and
selling of IoT data will become an essential part of many
IoT systems.
TOP 10
STRATEGIC IOT Trend No. 5: IoT Governance: As the IoT continues to
expand, the need for a governance framework that
TECHNOLOGIE ensures appropriate behaviour in the creation, storage,
use and deletion of information related to IoT projects
S AND TRENDS will become increasingly important.
– GARTNER
(CONT’D)
Trend No. 6: Sensor Innovation: The sensor market
will evolve continuously through 2023. New sensors will
enable a wider range of situations and events to be
detected.
TECHNOLOGIE
S AND TRENDS Trend No. 9: Silicon Chip Innovation: By 2023, it’s expected
– GARTNER that new special-purpose chips will reduce the power consumption
required to run IoT devices.
(CONT’D)
Trend No. 10: New Wireless Networking Technologies for
IoT: IoT networking involves balancing a set of competing
requirements. In particular they should explore 5G, the
forthcoming generation of low earth orbit satellites, and
backscatter networks.
BENEFITS OF IOT
IoT offers a Monitor their overall business processes;
number of
benefits to Improve the customer experience;
organizations,
enabling them Save time and money;
to:
Enhance employee productivity;
Integrate and adapt business models;
Make better business decisions; and
Generate more revenue.
IoT things presentation - Davis M Onsakia
CONSUMER AND ENTERPRISE IOT APPLICATIONS 11
Source:
https://internetoft
hingsagenda.techt
arget.com/definiti
on/Internet-of-Thi
ngs-IoT
Source:
https://www.forbe
s.com/sites/jacob
morgan/2014/05/
13/simple-explan
ation-internet-thin
gs-that-anyone-ca
n-understand/#ef2
433f1d091
https://www.amazon.com/S
hockbox-LM2004-EXT-Mu
ltiSport-Helmet-Sensor/dp/
B00DVHA1LM?imprToken
=NXcTrCppNfgrAo2MA1
K7ig&slotNum=2&Subscri
ptionId=AKIAIO22DD3AF
USKXUKQ&tag=makeusw
-20&linkCode=xm2&camp
=2025&creative=165953&c
reativeASIN=B00DVHA1L
M
AMAZON DASH
https://www.
amazon.com/
b?ie=UTF8&
node=177295
34011
KINSA THERMOMETER
Monitoring
your
temperature
and can call
your doctor as
necessary
Source:
https://www.businessinsider.com/connecte
d-car-statistics-manufacturers-2015-2?IR=
T
Plant Safety and Security: IoT combined big data analysis can
improve the overall workers’ safety and security in the plant. .
IIOT IN
MANUFACTURIN
G (CONT’D) Packaging Optimization: By using IoT sensors in products
and/or packaging, manufacturers can gain insights into the usage
patterns and handling of product from multiple customers.
IOT CHALLENGES
Security, privacy and data sharing issues
• Because IoT devices are closely connected, all a hacker has to do is exploit one vulnerability
to manipulate all the data, rendering it unusable. And manufacturers that don't update their
devices regularly -- or at all -- leave them vulnerable to cybercriminals.
• However, hackers aren't the only threat to the internet of things; privacy is another major
concern for IoT users. For instance, companies that make and distribute consumer IoT
devices could use those devices to obtain and sell users' personal data.
• Challenges with IIoT:
i. Security of data – same as above
ii. Reliability and stability – of IIoT sensors
iii. Connectivity of all the systems in IIoT setup – no maintenance envisioned?
iv. Blending legacy systems – IIoT is new in the market
Bain & Company expects annual IoT revenue of hardware and software to exceed $450 billion by
2020.
McKinsey & Company estimates IoT will have an $11.1 trillion impact by 2025.
IHS Markit believes the number of connected IoT devices will increase 12% annually to reach 125
billion in 2030.
Gartner assesses that 20.8 billion connected things will be in use by 2020, with total spend on IoT
devices and services to reach $3.7 trillion in 2021.
THE By 2023, the average CIO will be responsible for more than three times as many endpoints as this
FUTURE OF
year – Gartner
Garter forecasts that worldwide IoT Security Spending will be 3.11 billion by 2021 largely driven by
Great improvements in the security of IoT devices driven by manufacturers’ own initiatives as well
users’ demand for better secure devices.
Global manufacturers will use analytics data recorded from connected devices to analyze processes
and identify optimization possibilities, according to IDC and SAP.
Business Insider forecasts that by 2020, 75 percent of new cars will come with built-in IoT
connectivity.
1. https://internetofthingsagenda.techtarget.com
2. https://www.forbes.com/sites/jacobmorgan/2014/05/13/simple-explanation-internet-things-that-any
one-can-understand/#ef2433f1d091
3. https://www.gartner.com/en/newsroom/press-releases/2018-11-07-gartner-identifies-top-10-strategi
c-iot-technologies-and-trends
4. https://www.gartner.com/en/newsroom/press-releases/2018-03-21-gartner-says-worldwide-iot-secu
rity-spending-will-reach-1-point-5-billion-in-2018
5. https://www.makeuseof.com/tag/internet-things-10-useful-products-must-try-2016/
6. “Internet of Things Research Study”,
http://www8.hp.com/us/en/hp-news/press-release.html?id=1909050 [Hewlett Packard (2015)]
7. https://security.radware.com/ddos-threats-attacks/threat-advisories-attack-reports/iot-devices-threat
-spreading/
8. https://www2.deloitte.com/ng/en/pages/technology-media-and-telecommunications/articles/global-
mobile-consumer-survey.html
9. https://www.newgenapps.com/blog/8-uses-applications-and-benefits-of-industrial-iot-in-manufactu
IoT thingsring
presentation - Davis M Onsakia