Internet of Things(IoT)

Fatemeh MehdibarziMTNIrancell- July 2015

A brief of McKinsey & Company Report 2015

linking the physical world to the Internet and other data networks

monitoring and managing operations thousands of miles away, tracking goods as they cross the ocean, or detecting changes in the blood pressure of a diabetic that might be a sign of a heart attack

redefining how we engage with the physical world and making possible computer-mediated ways of doing business, managing public infrastructure, and organizing people’s lives

IoT Features

HUMAN two broad categories: Improving health Raising productivityHOME energy management Security automation of domestic chores

IoT Value creation

RETAIL ENVIRONMENTS online shoppingOFFICES principally managing energy and security systems by

excluding commercial spacesFACTORIES predictive maintenance inventory optimizationWORKSITES oil and gas exploration and production, mining, and

construction (most advanced user of IoT) e.g. heavily instrumented equipment and advanced robotics on board, often connected to a real-time command center half a world away

VEHICLES IoT sensors and connectivity can improve how

vehicles are serviced, maintained, and designed

CITIES improve services, relieve traffic congestion,

conserve water and energy, and improve quality of life

OUTSIDE Outdoors between urban environments, such as

in vehicular navigation, container shipping, and package delivery

condition-based maintenance of rail lines and other transportation infrastructure

having certain technologies, organizational capabilities, and policies in place

collaboration among supplier companies and among suppliers, users, and policy makers to set the standards and protocols for the interoperability of IoT systems that maximize value

ENABLERS AND BARRIERS

Software and hardware technology Interoperability Intellectual property, security, privacy and

confidentiality Business organization and culture Public policy

Types of Enablers

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