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SEIZING THE INTERNET OF THINGS OPPORTUNITY FOR AUSTRALIA

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Presentation on theme: "SEIZING THE INTERNET OF THINGS OPPORTUNITY FOR AUSTRALIA"— Presentation transcript:

1 SEIZING THE INTERNET OF THINGS OPPORTUNITY FOR AUSTRALIA
@IoTAA @FrankZeichner

2 Internet of Things is accelerating digital transformation of the economy
Sustaining environment Improving productivity Empowering citizens Innovating services The 4th Industrial revolution

3 Internet of Things – a complex eco-system that demands collaboration
IoT technology enables digital transformation of industry An end-to-end system comprising: sensors/actuators communications data/analytics applications and services visualisation and user interfaces wrapped in security Translating the physical world to digital Collecting, transforming and sharing data Using analytics to gain insights, find patterns, predict performance, optimise systems

4 99% New business models 20X 40X 1 trillion connected things by 2035
Radical decreases in cost of data acquisition, storage and processing in last 10 years 20X sensors 40X bandwidth 60X processing 100X data storage NOT Connected 1 trillion connected things by 2035 99% of things in the world are still NOT connected security and..

5 $45bn – $116bn per year in 2025 in Australia
The economic opportunity $3bn – $5bn $2bn – $3.3bn $2bn – $8bn (incl. agri) $6bn – $17bn $2.5bn – $12.7bn $2.5bn – $24bn $10bn – $14bn $13bn– $22bn $4bn – $10bn $45bn – $116bn per year in 2025 in Australia Source: McKinsey Global Institute (figures re-calculated to reflect Australian impact)

6 The adoption challenge
Australia’s competitiveness and innovation adoption is falling back, relative to our competition: World Economic Forum - The Global Competitiveness Report 2016–2017 21st to 22nd Poor in business innovation, business sophistication and technological readiness Innovation and Science Australia Performance Review of the Australian Innovation, Science and Research System 2016 Australia ranked last in application of new ideas

7 Four key factors in accelerating adoption
Collaboration 1 Industry/ government/ research collaboration underpins leadership– UK, Germany, Singapore, Japan – lead examples Big players must work with small players, start-up support Learning/ innovating by doing – iterative and agile development is the way forward 2 Technology and business model disruption is happening fast – start, learn and adapt Government has a role in triggering activity in areas of national interest Streamline governance across boundaries to unlock new business models 3 Breakdown unneeded regulatory boundaries that inhibit innovation Enable data sharing – especially between government and business and citizens Focus on sectors to build on Australia’s natural advantages and to enhance our competitiveness 4 Food and agribusiness, water, energy, transport and smart cities

8 Internet of Things Alliance Australia (IoTAA)
GOVERNMENT National Innovation agenda Industry Growth Centres INDUSTRY IoTAA working with focus sectors to accelerate the adoption IoT Vision: To empower industry to grow Australia’s competitive advantage through IoT RESEARCH Industry partnerships in strategic areas

9 IOTAA Members – collaborating across industry, government and research
250 Organisations, over 450 participants Board and Executive Council members: Technology Service providers IoT start-ups Government IBM Intel SAP Ericsson Nokia Huawei Thinxtra Telstra Optus Vodafone NBN AARNet AT&T Quantify BlueIoT Startupboot-camp Timpani PMC DoCA ACCC ACMA OAIC ACCAN Industry Consulting Research Commonwealth Bank IAG Bosch Schneider Electric Communications Alliance AMTA AIIA Internet Australia KPMG Creator Tech CSIRO UTS QUT Swinburne University of Technology

10 Spectrum Availability for lower cost connectivity
IoTAA addresses seven key enablers and inhibiters for IoT adoption Spectrum Availability for lower cost connectivity Security & Network Resilience - trust that underpins growth Data Sharing & Privacy to accelerate data flow and protect people Seven key enablers and inhibitors = workstreams IoT Start-up innovation Sectoral Focus where we have a natural advantage Platforms & Interoperability to enable innovation & avoid lock-in Collaborative Australian IoT Industry

11 IoTAA awareness, advocacy and engagement - 2017
Australian IoT Adoption Index Showcase program Deep Dive industry workshops Rainmaker investor program Problem reverse Pitch program Industry best practice and guidelines Security Privacy, data rights Interoperability Spectrum ASX 200 awareness program Government advocacy International liaison Industry events GOVERNMENT National Innovation agenda, Industry Growth Centres INDUSTRY working with focus sectors to accelerate the adoption IoT RESEARCH industry partnerships in strategic areas

12 Find out more: www.iot.org.au Email us: hello@iot.org.au
Join us Find out more: us: Twitter: @IoTAA1 @FrankZeichner


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