IntelliSense.io Beyond the hype - Real World Applications / Solutions of Internet of Things
What is IoT? The Internet of Things (IoT) is the network of physical objects accessed through the Internet, as defined by technology analysts and visionaries. CISCO 2014 Small packets of data to a large set of nodes, so as to integrate and automate everything from home appliances to entire factories IEEE Spectrum 1994 ….the concept of basically connecting any device with an on and off switch to the Internet (and/or to each other) FORBES 2014 inanimate objects interact, potentially independently, with each other and with their environment MORGAN STANLEY 2014
Gartner Hype Curve 2014
Industrial IoT vs Consumer IoT
Industrial IoT in 2014 Industrial IoT Today Sensors in Place Ethernet / Network connectivity in place Factory Control Systems in place Industrial IoT Today Sensors in Place Ethernet / Network connectivity in place Factory Control Systems in place
IoT Challenges Data in SILOS Security (related to data storage & residency) Multiple user types with different requirements
IoT’s Impact on Industrials 80% of energy / opex is generated from 20% of systems
8 Well Effectiveness Injection & Extraction wells Well Effectiveness Injection & Extraction wells Well Efficiency Recovery wells & Pump stations Well Efficiency Recovery wells & Pump stations Risk Control Monitor wells & Transportation piping Risk Control Monitor wells & Transportation piping Pressure Inlet/Outlet Activity Running cycles Flow Capacity Temperature Energy Load Environmental H&S Generation - WSN Injection well as case example. IoT Application Mining Industry
IoT Application Process Industries GenerationDistributionConsumption Utility Generation Systems: Optimise air, gas, water systems Distribution: track air leakage in distribution Consumption: Factory productions systems Utility Generation Systems: Optimise air, gas, water systems Distribution: track air leakage in distribution Consumption: Factory productions systems
IoT Application Common Themes IoT impact on industrials can make them efficient and sustainable It is not the technology, but what “Use Case” it supports is what matters? Traditional processes and factories have: Local control and supervisory systems (INTEGRATION) Only Instrument assets where data is not available (INSTRUMENTATION) Predict performance based on correlations (BIG DATA) An intuitive user interface to implement and track optimisation (HUMAN COMPUTER INTERFACE) IoT impact on industrials can make them efficient and sustainable It is not the technology, but what “Use Case” it supports is what matters? Traditional processes and factories have: Local control and supervisory systems (INTEGRATION) Only Instrument assets where data is not available (INSTRUMENTATION) Predict performance based on correlations (BIG DATA) An intuitive user interface to implement and track optimisation (HUMAN COMPUTER INTERFACE)
Key Takeaways Data is increasing exponentially 90% of all the data that has ever existed was created in the last 2 years Potential global industrial savings are vast: 1% efficiency gains in Oil & Gas = $90Bn reduction in CapEx CAMBRIDGE leading the way with IntelliSense.io playing it’s part