Building and Launching Connected Businesses with IoT

1. We help founders build and launch connected businesses

2. What is IoT [Internet of Things]? The internet of things, or IoT, is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. Simply put, this is the concept of basically connecting any device with an on and off switch to the Internet. This includes everything from cell phones, coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of.

4. Big Data vs Small Data The main differences between the two are the variety, volume, and velocity of the data: • Big data: extremely large (we’re talking petabytes) datasets of structured and unstructured data collected from numerous sources and analyzed for various patterns, trends, and behaviors using advanced technology frameworks • Small data: small datasets with specific attributes, such as temperature readings in a smart home, speed in a smart car, or heart rate in a smart pacemaker.

5. IoT Trends Trend 1: IoT in Medical Science. Trend 2: IoT in Mobile Devices. Trend 3: IoT in GPS. Trend 4: IoT in Automobiles. Trend 5: IoT in Corporate Security. Trend 6: IoT in Industrial Safety. Trend 7: IoT in Education.

6. Trend 5: IoT in Security IoT is going to relieve your corporate budget. People will now be able to enjoy enhanced protectionfor their offices at lower costs. • Now every device will be armed with- • Fingerprint scanning devices • Face Recognition • Less Expensive surveillance • Better office control • With quick response to any disaster or accidents.

7. Trend 6: IoT in Industrial Safety Experts believe that this will be the next Industrial revolution where every’thing’ will undergo a massive transformation with the help of connectivity of the internet. • Expect: • Enhanced and rapid tacking of threats. • Monitoring of machine data • Tracking of support standards • Integration interfaces for numerous production systems • Notifications, reports on dashboards • Extensive trigger and alarm systems IoT opportunity for Industrials could amount to $2 Trillion by 2020

8. IoT for Wellness in the Workplace It has been reported by Gartner that 30 billion devices will be connected to the Internet by 2021. Which represents a growth of 27.5 billion over the last 10 years. Gamification and incentives: • Tracking and stimulating health. • Tracking movement • Improving sleep • Lowering sick leave and health insurance costs • Studies have shown that contests in the workplace improved sleep by 17% and activity levels by 11%

9. IoT for Construction/Industrial Site Safety Businesses that use IoT to alter safety compliance behaviours can reduce compensation payouts by 20 to 40 percent. This directly impacts a company’s profits, which boosts profitability and survivability. This is done through wireless sensors, wearables, robotics and GPS Tracking. • Collecting data: This illustrates the value of adhering to safety for workers instead of just following procedures and tasks. The security of knowing that machinery movement is tracked to avoid collision with humans • Data helps companies refine their insights and improve their safety programs. (e.g. where and how do accidents happen the most) • Real time tracking to flag errors and hazards to prevent injuries and accidents

10. Industrial/Construction Safety Examples • Two oil companies fitted employees on drilling platforms with wearable devices to track activity, location, and exposure to chemicals. This results in limited exposure to risk factors, reducing sick leave by 40 percent. • An Australian construction company provided workers with smart helmets equipped with sensors to monitor their safety, health and vitals to prevent heatstrokes • Vinci Construction UK used wireless sensor technology to track real-time data on workers’ movements using different systems to choose the one that best fit the company’s needs, reducing risk and the number of injuries • In Intel and Honeywell workers wear sensors that capture data on heart rates, job-site activities, gestures, toxic gasses, and other factors. The data is processed locally and monitored by the workers and remote operators, enabling them to get insights that enable them to change behaviors.

11. IoT for Asset and Inventory Tracking An IoT-enabled digital asset tracking and management connects multiple stakeholders, processes, workforce and assets across the business value chain into a single system to give a unified view backed by data analytics. It provides insights on the location of an asset, its current condition, manage asset lifecycle, control processes, maintenance etc. IoT adds: • Predictive maintenance • Real time alerts • Real time visibility • Automated workflows

12. IoT for Product Tracking • By attaching RFID tags and linking them with individual product bar codes, owners can now track the current location and condition of every product across the supply chain • RFID codes and sensors can be utilized to track movement of assets off racks • RFID tags can also be attached to the pick-up trucks which enables owners to track the movement of these trucks across the warehouse. • The location of the products can now be shared with the pickup trucks which enables them to pin-point the exact location of the product across the warehouse, making retrieval quick and highly optimized.

13. Asset Tracking Example

14. IoT Industry Trends Trend 1: Artificial Intelligence (IA) The technology landscape for AI is complex and will remain so through 2023, with many IT vendors investing heavily in AI, variants of AI coexisting, and new AI-based tools and services emerging. Despite this complexity, it will be possible to achieve good results with AI in a wide range of IoT situations. Trend 2: Edge Computing Edge computing will significantly affect those industries where immediate action is needed based on complex real-time data analysis and where cloud connectivity may be restricted (shipping and logistics).

15. IoT Industry Trends Trend 4: Smart Device Applications will Continue to Rise Across industries, smart devices will become decisively more popular. There will be a sharp rise in smart devices in a wide range of areas including automotive, transportation, healthcare, hospitality, and manufacturing solutions. Trend 3: IoT Governance As the IoT continues to expand, the need for a governance framework that ensures appropriate behavior in the creation, storage, use and deletion of information related to IoT projects will become increasingly important. Trend 5: Trusted Hardware and Operating System By 2023, we expect to see the deployment of hardware and software combinations that together create more trustworthy and secure IoT systems.

16. IoT Industry Trends Trend 7:New Wireless Networking Technologies for IoT IoT networking involves balancing a set of competing requirements, such as endpoint cost, power consumption, bandwidth, latency, connection density, operating cost, quality of service, and range. Trend 6:Silicon Chip Innovation By 2023, it’s expected that new special-purpose chips will reduce the power consumption required to run an IoT system, enabling new edge architectures and embedded functions in low-power IoT endpoints.