Many things these days are interconnected, from bathroom mirrors to high resolution TVs and sidewalks to medicine jars. You've probably heard about the 'Smart Fridge' that will order your milk when you run out, but what does it mean for the food and beverage industry in general? Drawing on our vast experience of consumer product development we have looked at how IoT could impact the future of the food & beverage industry.
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What does internet of things mean for food and beverages industry
1. 25 September 2015
What does “Internet of Things” mean
for the food & beverage industry?
Sajith Wimalaratne
2. 25 September 2015 2Commercially Confidential
This presentation was created for you by…
For our work for you I can draw on the skills from across
our 500+ engineers, scientists, consultants & designers
Sajith Wimalaratne
Commercial Lead for our Food & Beverage Systems
I have over 8 years of experience in providing technology
intelligence, market analysis and strategy consultancy to some
of the largest global corporations. The industries include food
& beverage, pharmaceutical, agri-food, fast moving consumer
goods (FMCG), healthcare, petroleum, chemicals and
materials.
I have a particular interest in connected device developments.
across the food & beverage systems.
Contact me for further discussions.
saj.wim@cambridgeconsultants.com
+44 1223 420024
3. 25 September 2015 3Commercially Confidential
Has been in discussion
Press and analysts are talking about it
Conferences are being organised
Products are beginning to appear
Is the “Internet of Things” just a catchphrase?
Today, there are about 14
billion objects connected
to the Internet. Industry
analysts estimate the
number of connected
devices could be
anywhere from 20 billion
to 100 billion by 2020
– A report by the UK
Government
“Industrial Internet” has the
potential to add $10 to $15 trillion
to global GDP over the next
20 years – GE
By 2020, more than 5
billion people will be
connected, not to mention
50 billion things – World
Economic Forum
4. 25 September 2015 4Commercially Confidential
Definitions
“The Internet of Things (IoT), also called Internet of Everything is the network of
physical objects or "things" embedded with electronics, software, sensors, and
connectivity to enable objects to exchange data with the production, operator and/or
other connected devices based on the infrastructure of International
Telecommunication Union's Global Standards Initiative.” – Wikipedia
“The Internet of Things is the network of physical objects that contain embedded
technology to communicate and sense or interact with their internal stares or the
external environment” – Gartner
“A proposed development of the Internet in which everyday objects have network
connectivity, allowing them to send and receive data” – Google
The definition of IoT can vary by source. However,
there are similar keyword in different definitions
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Internet of things is driven by trying to make things easier for
the consumer
IoT is a technology suite that could provide limitless
opportunities for consumers!!!
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The “Internet of Things” is enabled by
SENSORS
Generates data
Data are digitised and
placed into networks
Actionable and
meaningful information
Digital Services
Bluetooth
Bluetooth smart
Cellular
Wifi
Zigbee
Position / Presence / Proximity
Motion / Velocity / Displacement
Temperature
Humidity / Moisture
Acoustic / Sound / Vibration
Chemical / Gas
Flow
Force / Load / Torque / Strain / Pressure
Leaks / Levels
Electric / Magnetic
Acceleration / Tilt
Customer relationship & support
Analytics and cloud
Upgrades and configuration
Remote monitoring / Maintenance
Control & Automation
Supply Chain Management
Security / Energy
Mobile Devices & Apps
Locations & Tracking
Financial
CONNECTIVITY ALGORITHMS
VALUE ADDED
SERVICE
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IoT in Medical and Sports & Fitness
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Smart insulin pen
Medical and Sports & Fitness industry
Connected medical & sports
devices that are considered as
IoT are already in the market
Smart inhaler
Emergency alert systems
Connected bike
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Food and beverage industry?
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Food & beverage supply chain
LOGISTICS
FARM MANUFACTURING CONSUMERRETAIL
What opportunities can IoT bring
to the farm, the manufacturing
sector, the retailer, the consumer
and to logistics?
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The farmer could be centrally
located and they could be
directing the operation using big
data generated from sensors
located in the fields and vehicles
Farm
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In the manufacturing sector the
humans are becoming a vanishing
breed, the machine to machine
communications will therefore grow in
importance when food manufacturers
seek to leverage the IoT
Manufacturing
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Retailer
Centralise operation by using the
data that sensors generated in
the retail establishment
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Consumer
Improve consumer engagement
with the product
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In the full presentation we will discuss opportunities & barriers in detail
How is IoT enabled
Further opportunities for the farm, manufacturing, retailer and consumer with
examples
Warning signs and things to look out for when implementing an IoT
– Security & data protection issues around implementation and how to overcome
them
Detailed information around technologies that Cambridge Consultants developed
and that are related to the IoT
How can technology enable a barmen less bar, connected fitness, a future
supermarket
Examples would be autonomous vehicles using holographic radars with GPS guides to avoid hidden obstacles, drones used for asset inspection (storm damage assessment, livestock tracking),
Monitoring corps that is ready to harvest etc.
IoT could enable predictive maintenance, personalisation at the point of manufacture, condition monitoring to ensure the safety and the quality of the final products
Benefits that IoT brings to the retailers are real time stock control based on the local and national events and also the weather conditions. Monitoring real time consumption data, providing detailed information of the product, personal offers based on shopping history, preferences and locations within store and much more.
IoT could encourage healthy eating for busy individuals.
Smart devices that knows the consumers’ dietary requirements
Monitoring & tracking vital statistics in real time for shipments across the world. Able to carry out alternate route planning to ensure timely delivery of the product.