The IoT Enterprise Big Data, Short Vision€¦ · The IoT Enterprise Big Data, Short Vision Carl...
Transcript of The IoT Enterprise Big Data, Short Vision€¦ · The IoT Enterprise Big Data, Short Vision Carl...
The IoT Enterprise
Big Data, Short Vision
Carl Ford – CEO Crossfire Media
• Producer of DevCon5 and IoT Evolution
• Compliance
• Healthcare HIPPA
• Trucking elogs
• Cold Chain / Food Safety
• Profit
• Jet Engines sold by thrust.
• Point of Use Distribution
• Shared Assets
Enterprises use IoT for:
• Efficiency• Industrial• Field Reporting• Surveillance
James Brehm and IoT Evolution surveyed our audiences
to learn where they are in IoT deployment.
• Over 100 different companies participated
• 61% had already deployed an IoT Solution
• Only 10% had nothing planned
• Two to One B2B vs. B2C
Survey of our Customer Base
Summary Results
Top IoT Applications
Industrial Monitoring
Healthcare
Energy Management
AssetTrackingBuildingAutomation
Fleet Management
Connected Car
45%
45%
39%
38%
36%
36%
35%
73%Of respondents
at companies
currently active in IoT
60%Of companies working on
IoT to Grow
Revenue & Profits
68%Of companies working on
B2B IoT Solutions
<40%of Companies have
quantifiable metrics & KPIsto measure IoT success
70%+UsingWi-Fi or Cellular
For Connectivity
Companies
PerceivedAsIoT Leaders
Challenges to Growth in IoT
Security
Interoperability
Can’t Prove the ROI
Cost
Hardware Integration
Connectivity
64%
51%
44%
31%
27%
22%
Why are companies working on IoT?
What is the purpose of your company’s IoT projects?
n=122
Improve A Business Process
20%
60%
11%
12%
Reduce Costs
Grow The Business
Regulation & Compliance
60%of Companies working on IoT to
Grow Revenue & Profits
24%
Keep Up With Competitors
Maximizing the value from data
52%87%
Link ImprovedDataAnalytics to
Increased ROI
Would better analytics improve the ROI of your IOT project?
n=102
Nice to have butnot critical
Significantlyimprove
35%
No Impact
13%
Big Data and Analytics
$266 B
0
5
10
15
20
25
30
35
2003 2005 2015 2020
Population (Billion) Connected Devices (Billion)
Source - IDC
Measuring IoT Success
Goals but noquantifiablemetrics or
KPIs
23%
Goal is tolearn &
improve IoTexpertise
23%
<40%of Companies have quantifiable
metrics & KPIs to measure success
We do not measure success of IoT projects
Other
6%
Quantifiable Metrics & KPIs
How does your company measure the success of IoT projects?
10%
37%
n=107
Measuring IoT Success
n=102
41%
22%
23%
15%
Capture, analyze, store, & makeinformed & timely decisions on data
Capture & store some data but don'tdo any analysis
Analyze data in real-time to makedecisions
Don’t capture or store any data
22%Not Doing Any Data Analysis
Only 41%Making Informed &Timely
Decisions on Data
What does your company do with data from IoT?
• Millennials and Wearables is a pattern we should recognize with
the smart phone revolution
• Pareto Paradox
– 80% of the Huge Noise about IOT will be Consumer driven
– 80% of the Huge Value will be in the Enterprise
• Data Visualization and IoT Dashboards are the key to
management understanding success
Parting Thoughts on Next Gen IoT
Reach out to me [email protected]
Download the surveyhttp://www.iotevolutionexpo.com/west/iot-industry-report.aspx