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Your Journey Towards Fourth Industrial Revolution

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Your Journey Towards Fourth Industrial Revolution

  1. 1. favoriot Dr. Mazlan Abbas CEO, FAVORIOT Email: mazlan@favoriot.com TIMETOTALK: DIGITAL MEDIA, IUMW, Oct. 26, 2018 Your Journey Towards 4th Industrial Revolution
  2. 2. favoriot IoT and IR 4.0 Trends in Malaysia IoT Trends IR 4.0 Trends 2014 2017
  3. 3. favoriot Why the IR4.0 Journey is so Difficult?
  4. 4. favoriot Comfort Need a little push
  5. 5. favoriot IR 4.0, 4IR and I4.0 What’s the Difference?
  6. 6. favoriot Ripples of Technologies
  7. 7. favoriot Where Are We in the Industrial Revolution? Manual Electrical Automation Intelligence
  8. 8. favoriot 4th Industrial Revolution Technologies
  9. 9. favoriot The 4th Industrial Revolution vs Industry 4.0
  10. 10. favoriot Fourth Industrial Revolution The Test
  11. 11. favoriot Which Industrial Revolution Is This?
  12. 12. favoriot Which Industrial Revolution Is This?
  13. 13. favoriot Healthcare 4.0
  14. 14. favoriot Business Survival in 21st Century • Every 3 to 7 years, organizations need to reinvent themselves • According to The Boston Consulting Group - S&P 500 Companies from 50 years ago – only 19% are still in existence
  15. 15. favoriot
  16. 16. favoriot Who Will Replace Your Jobs? [Source: https://www.ald.softbankrobotics.com/en/robots/pepper ]
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  18. 18. favoriot
  19. 19. favoriot Understanding IOT IoT Maturity Phases
  20. 20. favoriot IOT Maturity Autonomous OptimizationControl Monitoring
  21. 21. favoriot MONITORINGVehicle Tracking
  22. 22. favoriot CONTROL Security Lock Immobilizer
  23. 23. favoriot OPTIMISEBest Route Safe Fuel Optimize Engine
  24. 24. favoriot AUTONOMOUSSelf-Cruising Safe-Sailing
  25. 25. favoriot UBER is Disruptive
  26. 26. favoriot
  27. 27. favoriot Motorcycle Ride-Sharing Versus Indonesia Malaysia
  28. 28. favoriot In US, as many as 4 Million truck, bus, delivery and taxi driving jobs could be lost if fully autonomous vehicle technology is adopted
  29. 29. favoriot FLYINGTAXIAAV – Autonomous Aerial Vehicle
  30. 30. favoriot Technology-Based Product-Based Service-Based Outcome-Based Transformation Journey 1 2 3 4
  31. 31. favoriot Business Models Have Changed USD 20 Per Month Payfor Fun? PaytoSaveUSD 30permonth PaytogetnewRevenue USD25permonth PayforLoyalty Program
  32. 32. favoriot Market Potential Examples
  33. 33. favoriot Market Potential Transportation Connected cars are a top IoT device. We estimate there will be over 220M connected cars on the road by 2020. [Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v] Insurance A survey has found that 74% of insurance executives believe the IoT will disrupt insurance within the next five years. 74% also plan to invest in developing and implementing IoT strategies by 2016, according to an SMA Research survey.
  34. 34. favoriot Are You A Safe Driver?
  35. 35. favoriot Bus Accidents in Malaysia
  36. 36. favoriot IMAGINETHIS…
  37. 37. favoriot Market Potential Healthcare We estimate 646M IoT devices will be used for healthcare by 2020. Connected healthcare devices can collect data, automate processes, and more. [Source: http://www.cbronline.com/news/internet-of-things/m2m/smart-connected-always-on-10-huge-iot-impacts-on-10-huge-sectors-4709736v]
  38. 38. favoriot RAQIB is a SERVICE that monitors the MOST important ASSETS of a person HealthSafety Peace of Mind
  39. 39. favoriot “Live Alone But Not Left Alone” Raqib For Elderly Care
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  41. 41. favoriot As population around the world continue to grow and health care becomes more widely available, people are living longer than before. The percentage of the global population that is 65 or older will double from 10% to 20% by 2050 However, living longer doesn’t mean they will continuously live healthier. Many will suffer chronic diseases and memory loss issues.
  42. 42. favoriot Healthcare costs keep on increasing. Costly time and money due to frequent visitations. Hospitals and elderly care centers unable to cope with the number of elderly people. Thus, the trend is now about “Aging in Place” where elderly will live at home either with family members or alone. How do we ensure the elderly people live alone with a healthy life, safe and secure but with constant supervision? How do we let them “Live Alone But Not Left Alone”?
  43. 43. favoriot Aging Population Issues E.g. China - 64 elderly for every 100 workers by 2025 4 : 2 : 1 Problem 4 grandparents and two parents cared by a single person
  44. 44. favoriot China Aging Population [Source: https://populationpyramid.net] [Check Malaysia: https://www.populationpyramid.net/malaysia/2018/ ]
  45. 45. favoriot Malaysia Aging Population [Source: https://populationpyramid.net]
  46. 46. favoriot Send SOS during emergency cases Monitor their vital signs Notify their whereabouts Connect with their loved ones
  47. 47. favoriot Safety Health Peace of Mind Blood Pressure ECG Cellular Coverage Emergency SOS Fitness
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  49. 49. favoriot www.favoriot.com favoriot favoriotfavoriot favoriot info@favoriot.com favoriot