L18 Internet of Things
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The Internet of Things (IoT) revolutionizes everyday objects by embedding sensors and connectivity, leading to a transformative impact on productivity and job automation, similar to past technological waves. With the advent of smart, connected products, companies can monitor, control, and optimize product performance, achieving greater autonomy. As IoT technology evolves, it holds the potential to enhance individual lives and improve efficiency in larger systems like cities.
L18 Internet of Things
- 1. LECTURE L18 INTERNET OF THINGS
- 3. “Some have suggested that the internet of things “changes everything,” but that is a dangerous oversimplification.” - Michael E. Porter & James E. Heppelmann
- 4. The next revolution has started Everyday object get sensors and software and connect to the internet
- 5. Revolutions
- 6. 1947 Programmable all-purpose electronic commuters start to have impact on big businesses and government Automation starts, jobs get lost IBM mainframes
- 7. 1965 Minicomputers allow mid-sized companies and academia to have time shared computing power Automation continues
- 8. 1981 Personal Computer allowed small companies and individuals to own and program comptuers Generative platform Opened up a huge revolution - created a new industry
- 9. 1995 The Internet opened up a new way for people to communicate and exchange data Created new industries, transformed businesses
- 10. 2007 The smartphone revolution takes off with new possibilities Computing power 50.000 times the PDP-8 is now in people’s pocket Constant access to the Internet
- 11. Revolutions All of these waves cause jobs to be eliminated and productivity to be dramatically increased
- 12. 1947 Mainframe computers 1965 Minicomputers 1981 Personal Computer 1995 Internet 2007 Smartphone 18 years 16 years 14 years 12 years 10 years? Revolutions Now we are approaching the end of the Smartphone Revolution
- 13. The Third Wave of IT IT is now integral part of the product themselves Embedded sensors, processors, software, and connectivity in products, coupled with a product cloud in which product data is stored and analyzed and some applications are run, are driving dramatic improvements in product functionality and performance. Source: HBR
- 17. The Impact of the Smartphone Smartphone revolution starts 2007 Contains multiple of sensors Barometer to sense air pressure and relative elevation Accelerometer to measure distance by walking or running Gyroscope to measure orientation Information spillover
- 18. Processors and sensors Processors and sensors are now widely available and cheap Examples Raspberry pi computer, Arduino
- 20. By 2020 a cumulative 100 billion processors will have been shipped, each capable of processing information and communicating (Source: Ericsson)
- 22. Physical components comprise the product’s mechanical and electrical parts Smart components comprise the sensors, microprocessors, data storage, controls, software, and, typically, an embedded operating system and enhanced user interface Connectivity components comprise the ports, antennae, and protocols enabling wired or wireless connections with the product Smart Connected Things
- 23. Connectivity takes three forms, which can be present together: One-to-one: An individual product connects to the user, the manufacturer, or another product through a port or other interface One-to-many: A central system is continuously or intermittently connected to many products simultaneously Many-to-many: Multiple products connect to many other types of products and often also to external data sources Connectivity
- 24. Product Things can be anything Source: HBR
- 26. 1. Product 2. Smart product Processors Sensors Software Source: HBR
- 27. 1. Product 2. Smart product Processors Sensors Software 3. Smart connected product Processors Sensors Software Source: HBR
- 28. 1. Product 2. Smart product Processors Sensors Software 3. Smart connected product Processors Sensors Software Source: HBR Farm equipment system Planters Tillers Trackors Combine harvesters 4. Ecosystem
- 29. Source: HBR System of systems Products become part of large ecosystems
- 31. Between 2013 and 2022, $14.4 trillion of value (net profit) will be “up for grabs” for enterprises globally (Source: Cisco)
- 32. The New Technology Stack Smart, connected products require companies to build and support an entirely new technology infrastructure Source: HBR
- 33. What Can Smart, Connected Products Do?
- 34. What Can Smart, Connected Products Do? Monitoring Smart, connected products enable the comprehensive monitoring of a product’s condition, operation, and external environment through sensors and external data sources Source: HBR Example: Glucose Monitor that connects to your smartphone
- 35. What Can Smart, Connected Products Do? Control Smart, connected products can be controlled through remote commands or algorithms that are built into the device or reside in the product cloud Source: HBR Example: Lockitron door lock
- 36. What Can Smart, Connected Products Do? Optimization The rich flow of monitoring data from smart, connected products, coupled with the capacity to control product operation, allows companies to optimize product performance in numerous ways, many of which have not been previously possible Source: HBRExample: Diebold self-repairing AMTs
- 37. What Can Smart, Connected Products Do? Autonomy Monitoring, control, and optimization capabilities combine to allow smart, connected products to achieve a previously unattainable level of autonomy. Source: HBR Example: iRobot’s Roomba vacuum cleaner
- 38. Examples
- 48. NEST Thermostat
- 58. Ralph Lauren The Tech Polo Shirt
- 61. Smart Everything
- 62. Smart Everything - what does this mean Traditionally we use computer to use software - we control the software and tell it what to do and when Now software is becoming aware of our actiona through sensors, speech and touch Software is controlling us in real time
- 63. Smart Everything - what does this mean This smartness can be for us as an individual helping us, making our life easier and more productive This smartness can also help group of people - a whole city to become more efficient
- 64. Smart Homes
- 66. Smart Cities
- 68. NEXT: SOCIAL