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TRANSCRIPT
Big Data Everywhere and IoT– Unlimited Potential and LimitationsJuan Ramon Zarco, J.D., M.B.A.Silicon Valley Venture Growth Partners LLP / Hygieia Health Tech CompanyEmail: [email protected] 2016 Presentation
What is IoT?• IoT = Sensors + MAC addresses• Sensors or Devices originate the data• MAC addresses identify the source and location of the data• Data is Generated, Accumulated and Stored
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Multiple Data Sources with MAC addressesSensor Electronics
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Consumer Sensor market 4
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Medical Sensor and IoT Markets Current medical sensor market size ~$8 billion Greater than 50% growth in 2 years. 2018 medical sensors market expected to reach $13.11B
Projected Global IoT Healthcare Market 2015: $32.47 Billion 2020: $163.24 Billion
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Compound Annual Growth Rate (CAGR) of 38.1%China 2016
And Data Storage Costs Dropping6
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Growing Value of Big DataData is moving from something you use outside the workstream to becoming a part of the business app itself.It’s how the new knowledge worker is actually performing their job,
Frank Bien of Looker, 2016
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Data Analysis and PerformanceData Exploitation drives economic growth
The “new oil”The rise of Big Data and data analyticsThe New Data EconomyPersonal Information EconomyPersonal Information Management SystemsBut all Dependent on access to good, reliable data
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Industrial Big Data and the Dangers of False-Positives (inaccurate data), G.E.Big data: “The data could someday be as valuable as the machinery itself, if not more so.”Can Result in Savings: Gas Turbine 950,000 ton engine built in half the typical 5 years.Sensors: “But a false positive that prompts an airline to take a jet off the wing …is a $100,000 mistake.”
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Data Emergence10
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Data Platforms11
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But Data Accumulation has Strings Attached12
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Consumer Data has Portability Restrictions13
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Europe has Specific Guidelines14
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U.S.A. has additional restrictions15
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Conclusions• Big Data and its Applications will grow exponentially• Data will be a critical part of Consumer and Industrial Markets• However, Quality of Data can be costly in Industrial and Healthcare Markets• Regulations will restrict on how Big Data is used and shared for Consumer Markets
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