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The Internet of Things

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Tarah Novak

on 24 October 2015

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Transcript of The Internet of Things

AGENDA
Definition
Development
Industry Landscape
Applications
Company Examples
Advantages/Challenges
Moving Forward
Sources
Questions

What is the
Internet of Things (IoT)?
The concept of connecting everyday objects to the Internet through embedding sensors and actuators, and giving them the ability to send and receive data.
The IoT, as
explained by Intel
Industry
Landscape
What do industry thought leaders expect from the IoT?
"By the end of 2015, there will be almost

5 billion

‘things’ connected to the Internet. And by the end of 2020 that number will rise to

25 billion
. That’s more than three things connected to the Internet for
each person on the planet
.

Development
1) 
1990:
Xerox designed the Networked Coke Machine. It was the
first practice of the Internet of things.

②)
1991
:
professor Kevin Ash-ton (MIT) first came up with the concept.

③)
 
1999:
MIT established Auto-ID, putting forward that all the things
could connect through the internet. At that time, the main form of the
IoT was RFID.

④)
2005:
ITU (International Telecommunication Union) cited the
concept of the IoT in the WSIS (World Summit on Information Society).
In this period, the range of the IoT began to expand.

⑤) 
2009:
IBM Chief Executive Samuel Palmisano put forward the
concept of "smarter planet" for the first time at the ’round-table
reference’ with Barack Obama. Also in this year, the U.S.
considered the IoT as one of the key elements to promote the
economy.

The Internet of Things
By: Tarah Novak and Karen Zhao
- Justin Koufopoulos, writer for Percolate
“The relationship will be between people-people, people-things, and things-things.”
- Jacob Morgan, contributing writer for Forbes
"The
Fourth Industrial Revolution
, following the steam engine, the conveyor belt, and the first phase of IT and automation technology."
- German Industry Leaders, as reported by McKinsey&Company
Applications
Six distinct types of applications are emerging in two broad categories: Information/Analysis and Automation/Control.
Information/Analysis
Tracking behavior
Enhanced situational awareness
Sensor-driven decision analytics
Automation/Control
Process optimization
Optimized resource consumption
Complex autonomous systems
Company Examples
Fitbit
Uber
Nike+
Tesla


Intel
Ninja Blocks
Smart Things
Nest

Unique Examples
IoT Advantages
For Customers:
A more convenient life
Increase in safety at home and outside of the home
Real-time information/faster information
Synchronized lifestyle
More advanced/faster health care response

For Management:
More accurate, flexible, efficient control of processes
Track and analysis the product
Decreasing overall cost
Decreasing risk of human error
Reducing risk for workers
Decreasing environmental impact/energy usage

IoT Challenges
Security
Privacy
Complexity
Lack of Technical Standards


Security
Routers and modems, a primary source of connectivity for the IoT at home, are more powerful than ever.

Specific concerns for routers and modems:


An August 2014 study from Hewlett-Packard found that
70%
of all IoT devices are vulnerable to being hacked or compromised.
Incident Example

A January 2014 global IoT
cyber-attack, hackers compromised more than
100,000
everyday consumer smart devices and used the devices to launch more than
750,000
malicious email communications.

Some of these IoT devices include smart TVs, wireless speaker systems, network routers, and even refrigerators.
Privacy
Our lives are observed
24 hours a day
, even if you don’t notice it.
Complexity
Every single thing joined into the IoT needs to have both a unique identity and the ability to synchronize with all other objects. It’s hard for machines to analyze and deal with a global internet system that includes such a large number of elements.

Also, it’s difficult to choose appropriate team to create and control it.
Lack of
Technical Standards

Radio Frequency Identification (RFID) no longer the only industry standard
Multiple ways to connect objects
Must be streamlined


All devices from all manufacturers must be able to communicate with one another.
Moving Forward
Jacob Morgan, contributing writer for Forbes, says:
“The relationship will be between
people-people,
people-things, and things-things.”

Questions?
Aether Cone
By far, security risk is the biggest concern with the IoT.
They are used between users and the Internet, so turning them off is increasingly
not an option
They are
more powerful and more general
in function than other embedded devices
One of the only 24/7 computing devices in the house, and are
a natural place
for lots of new features

Security
Sources
https://blog.percolate.com/2015/01/9-examples-internet-things-arent-nest/
http://www.wired.com/2014/01/theres-no-good-way-to-patch-the-internet-of-things-and-thats-a-huge-problem/
http://www.siemens.com/innovation/en/home/pictures-of-the-future/digitalization-and-software/internet-of-things-facts-and-forecasts.html
http://www.forbes.com/sites/jacobmorgan/2014/05/13/simple-explanation-internet-things-that-anyone-can-understand/
http://www.computerworld.com/article/2488872/emerging-technology-explained-the-abcs-of-the-internet-of-things.html
http://www.forbes.com/sites/gilpress/2014/08/22/internet-of-things-by-the-numbers-market-estimates-and-forecasts/
http://iotlist.co/
http://www.fitbark.com/
http://www.aether.com/
http://www.trakdot.com/
http://www.howtogeek.com/223222/how-artificial-intelligence-will-change-our-lives-for-better-or-worse/
http://money.cnn.com/2015/09/11/autos/automatic-braking-nhtsa-iihs/
http://www.mckinsey.com/insights/high_tech_telecoms_internet/the_internet_of_things
http://www.cnet.com/news/smartthings-opens-shop-for-internet-of-things/
http://www.technologyreview.com/view/509546/2013-the-year-of-the-internet-of-things/
http://iofthings.org/
http://www.theinternetofthings.eu/
https://suffolku.blackboard.com/bbcswebdav/pid-1126548-dt-content-rid-4411793_2/courses/15FA-MBA-670-AE/Internet%20of%20Things%20and%20future%20of%20manufacturing%281%29.pdf
https://suffolku.blackboard.com/bbcswebdav/pid-1126550-dt-content-rid-4411803_2/courses/15FA-MBA-670-AE/The%20Internet%20of%20Things%20Sizing%20up%20the%20opportunity.pdf
By the Numbers
Estimated to add
$10 to $15 trillion
to global GDP over the next 20 years
IoT product and service suppliers will generate incremental revenue exceeding
$300 billion
in 2020
Worldwide market for IoT solutions will grow from $1.9 trillion in 2013 to
$7.1 trillion
in 2020
Full transcript