Internet of Things

Internet of

Things

Smartphones

The smartphone is also a multi sensor using which many of our day-to-day activities can be tracked, analysed, and acted upon. http://dupress.com/articles/internet-of-things-data-security-and-privacy/ http://www.samsung.com/us/explore/galaxy-s-6-features-and-specs/ http://www.zdnet.com/article/the-internet-of-things-and-big-data-unlocking-the-power/

Billions of devices in use globally

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2618794 https://dupress.deloitte.com/dup-us-en/focus/internet-of-things/iot-primer-iot-technologies-applications.html

Fitness bands

https://blog.fitbit.com/3-ways-to-lace-up-your-running-shoes/

Nike+ FuelBand

https://en.wikipedia.org/wiki/Nike%2B_FuelBand https://play.google.com/store/apps/details?id=com.nike.fb

Shoes

Sensors placed in shoe insoles can generate data measuring the pressure supported by each foot during walking. That can help to identify imbalances or limping and thereby better help the person.

https://dupress.deloitte.com/dup-us-en/focus/internet-of-things/iot-in-medical-devices-industry.html

Self driving cars

http://www.google.com/selfdrivingcar/

A camera at the front of the vehicle can constantly capture, assess, and upload to cloud servers information about stoplights and available parking meters.

http://www.mckinsey.com/industries/high-tech/our-insights/preparing-it-systems-and-organizations-for-the-internet-of-things

In mining, self-driving vehicles promise to raise productivity by 25% and output by 5% or more. They could also cut health and safety costs as much as 20% by reducing the number of workplace accidents. http://www.mckinsey.com/Insights/Business_Technology/An_executives_guide_to_the_Internet_of_Things

With fully self-driving technology, the car is designed to do all the work of driving and the human “driver� is never expected to take control of the vehicle at any time. http://www.google.com/selfdrivingcar/faq/

Smart infrastructure technologies can allow government planners to measure and monitor traffic management. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2618794

Thermostats

https://nest.com/thermostat/meet-nest-thermostat/

Examples of what you can do 1. Monitor and change the temperature from your smartphone.

2. Analyze your home heating activity. http://www.strategy-business.com/article/00294

A building might have several simple hubs, each controlling 1 function:  Heating, ventilation, and air conditioning. Example: Nest.  Electricity.  Lighting.  Water.  Entertainment.  Communications.  Security.

Each of these simple hubs might be connected to the Internet. http://www.strategy-business.com/article/00294

Video analytics

Some Internet of Things applications involve video analytics - a technology that applies machine-learning algorithms to video feeds, allowing cameras to recognize people, objects, and situations automatically.

http://www.mckinsey.com/industries/high-tech/our-insights/video-meets-the-internet-of-things

Motion sensors

The lights in this building are all connected, and they’re all connected to motion sensors.

They’re harvesting data about building occupancy. What are the high traffic areas?

What are the low traffic areas? http://www.mckinsey.com/Insights/High_Tech_Telecoms_Internet/The_Internet_of_Things_Five_critical_questions

When a runner lifts up a shoe from a shelf in a sports equipment store, sensors on the shelf can trigger product information and reviews to appear on the customer’s app.

https://dupress.deloitte.com/dup-us-en/focus/internet-of-things/iot-retail-strategies.html

Acoustic sensors

Acoustic sensors measure sound levels.

https://dupress.deloitte.com/dup-us-en/focus/internet-of-things/iot-primer-iot-technologies-applications.html

Light sensors

Light sensors detect the presence of light.

https://dupress.deloitte.com/dup-us-en/focus/internet-of-things/iot-primer-iot-technologies-applications.html

Soil moisture sensors

With http://www.growiti.com/ you can find out when to water and how much water to give plants.

With the Koubachi plant sensor, you can find out when to water and how much to water to give plants.

http://www.bbc.com/news/technology-32175010

What do smart connected products do?

https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

# 1: Monitoring

https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

# 2: Control

https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

# 3: Optimization

https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

# 4: Autonomy

To have control capability, a product must have monitoring capability. In other words, capabilities build on each other.

# 4: Autonomy # 3: Optimization

# 2: Control # 1: Monitoring https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

What are some benefits of the Internet of Things?

The Internet of Things makes it easier to track materials and products from one end of the supply chain to the other.

http://www.zdnet.com/article/the-internet-of-things-and-big-data-unlocking-the-power/

The ability to track when and how physical assets are actually used makes it possible for us to use products more efficiently and charge for use instead of product purchase. http://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/an-executives-guide-to-the-internet-of-things http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2563765

Analysis of of Internet of Things data can help minimize downtime. We can predict when it makes sense to do product maintenance.

http://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/an-executives-guide-to-the-internet-of-things

What components do smart connected products have?

A smart, connected product has 3 types of components:

Physical components

Smart components

Connectivity components

https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

Physical components are the product’s mechanical and electrical parts.

Example The engine block, tires, and batteries in a car. https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

Smart components are sensors, microprocessors, data storage, controls, software, and, typically, an embedded operating system and enhanced user interface.

Example Rain-sensing windshields with automated wipers and touch screen displays in a car. https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

Connectivity components are the ports, antennae, and protocols enabling wired or wireless connections with the product.

Example In farming, automated tillers inject nitrogen fertilizer at precise depths and intervals, and seeders follow, placing corn seeds directly in the fertilized soil. https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

Further inspiration https://www.thethingsnetwork.org/

What are some risks of the Internet of Things?

# 1: Security risks The Internet of Things is based on the fundamental ability to share information, and if we can’t do that in a safe and secure way, we’re going to need policies and laws so that everybody understands what’s within reason.

http://www.mckinsey.com/Insights/High_Tech_Telecoms_Internet/The_Internet_of_Things_Five_critical_questions

# 2: Data privacy There needs to be a bill of rights for personal data - that you have to be able to own all of it, that you have to get strong opt-in before somebody can take it.

http://www.mckinsey.com/Insights/High_Tech_Telecoms_Internet/The_Internet_of_Things_Five_critical_questions

How does the Internet of Things influence how we work?

Because networked devices are always on, companies must be able to react to customer and system requests in real time.

Agile software development and delivery will therefore become a critical competency. http://www.mckinsey.com/industries/high-tech/our-insights/preparing-it-systems-and-organizations-for-the-internet-of-things

The focus is shifting to the broader need companies meet, rather than their traditional product definition. https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

www.trane.com has moved from seeing itself as a heating, ventilation, and air conditioning equipment producer to a company that makes highperformance buildings better for everyone inside.

https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

As smart, connected products expand industry scope and the boundaries of competition, many companies will need to rethink their

corporate purpose. https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

Further inspiration https://www.teacherspayteachers.com/Product/Questions-to-discover-your-purpose-1438787