Introduction to IoT. Driving Business Value with the Internet of Things
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1 Introduction to IoT Driving Business Value with the Internet of Things
2 What is the Internet of Things? The network of physical objects that contain embedded technology to communicate and interact with their internal states or the external environment. Source: Gartner
3 Common Perspective of IoT It s Big So many devices and so much data It s Noisy So many options It s Confusing So many possible decisions PAGE 3
4 IoT Opportunity 25 billion Connected things by 2020 Gartner 70% of value enabled by IoT will come from B2B scenarios McKinsey & Company $1.7 trillion Market for IoT by 2020 IDC
5 IoT Landscape Across Industries Transportation Utilities Government Other 2018 $4.59T $154 B $913 B $326 B $313 B $325 B $201 B $570 B $1.79 T Transportation Utilities Government Other 2014 $2.29T $92 B $472 B $160 B $132 B $156 B $100 B $301 B $877 B IDC, Internet of Things Spending Guide by Vertical Market, 2014 PAGE 5
6 IoT Significant Decrease in Cost Things COST OF SENSORS $1.30 AVG. COST.60 over the past 10 years Connectivity COST OF BANDWIDTH Data 40x over the past 10 years COST OF PROCESSING 60x over the past 10 years Analytics PAGE 6
7 Why Does the Internet of Things Matter? Stop just running your business. Start making it thrive. Improve Efficiency Enable Innovation Transform your Business A modern enterprise needs to leverage the connected world to achieve business efficiencies, innovation, and transformation.
8 Improve Efficiency Automate and Improve Business Processes by connecting disparate line-of business assets Reduce Costs by monitoring and tracking the health of your assets Predictive Maintenance by leveraging Big-Data analytics and machine learning solutions powered in the cloud PAGE 8
9 Enable Innovation Drive Revenue by analyzing data from multiple sources in near-real time Predict Future Behavior and Trends by applying historical data to new problems Improve Performance and Decision Making by creating operational intelligence PAGE 9
10 Transform Your Business Create Business Results by converting raw data from things into actionable insights Enable the Right People to Act by leveraging new insights Create New Revenue Streams by leveraging advanced analytics PAGE 10
11 Anatomy of an IoT Solution 7. Collaboration & Processes (Involving People & Business Processes) 6. Application (Reporting, Analytics, Device Control, ML) 5. Data Abstraction (Aggregation & Access) 4. Data Accumulation (Storage) 3. Edge Computing (Data Element Analysis & Transformation) 2. Connectivity (Communication/Telemetry) 1. Physical Devices & Controllers (The things in IoT) Center Edge Sensors, Devices &Machines These layers all need integration to business systems PAGE 11
12 IoT Solution Challenges Integration with the Physical World Device Management Security Change Management System Monitoring Audit/ Traceability Reliability Integration with Business Systems PAGE 12
13 IoT Solution is an Integration Solution IoT Solution Stream Analysis Device Management Device Telemetry Business Metadata Hundreds of endpoints Bi-directional Communication Authentication of endpoints Event Processing Policy Evaluation High throughput Low Latency Reliability Enterprise Integration Orchestration Transformation Bus. Activity Monitoring PAGE 13
14 Devices IoT Reference Architecture Device and Event Processing (Enhanced Azure IoT Suite) Presentation IP IP Capable IP Capable Device Capable Device Device Gateway Simulators Self Provisioning API Device Registry & State Store Device Mgmt Portal Business Event Processing Stream Event Processing Processing Primitive IP IP Capable Device Capable Device Device Device Event Comm. Storage Analytics/ Machine Learning External / On-Premise Systems Bus. & 3rd Party Systems Neuron ESB PAGE 14
15 Scenario Acme Vending Supply Device Mgmt Device Ledger Streaming Analytics Alarm Event History Customer Portal Analytics/ Dashboard Portal IoT Hub Worker Role Event Hub Streaming Analytics Neuron ESB Machine Learning Fleet Tracking & Scheduling CRM ERP Supply Chain ERP FInancials PAGE 15
16 Client Story: Additional IoT Stories Utilities Predictive Process Improvement Device Monitoring Route Optimizations Energy Monitoring Asset Tracking PAGE 16
17 Neudesic IoT Engagement Model This Engagement Model demonstrates the importance between different layers in an organization & product/process architecture: PAGE 17
18 Questions & Answers
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