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IOT - Internet of Things - September 2017

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paul young cpa, cga
paul young cpa, cga

This document discusses Internet of Things (IoT) technology. It provides an overview of what IoT is, noting that it involves connecting devices to the internet to transfer data without human interaction. It then discusses some of the key issues around IoT, including security challenges and the need for protocols like OTrP to help protect connected devices. It also briefly summarizes some industry perspectives on IoT spending trends and how companies like IBM, GE, and others are applying IoT technology.

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IoT – Internet of Things – August - 2017 PAUL YOUNG CPA, CGA SEPTEMBER 11, 2017
Paul Young - Bio • CPA, CGA (1996) • Financial Solutions (FOPM/FPM) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Financial Solutions • SME – Emerging Technologies • SME – Supply Chain Management • SME – Business Strategy and Restructuring Contact information: Paul_Young_CGA@Hotmail.com
Agenda • What is IoT (Internet of Things) • Is Canada falling behind IoT • Security • Issues facing IoT • ISP Speed Canada • Business Climate / Canada • Groups / Partnerships • Security
What is IoT (Internet of Things) • The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. • A thing, in the Internet of Things, can be a person with a heart monitor implant, a farm animal with a biochip transponder, an automobile that has built- in sensors to alert the driver when tire pressure is low -- or any other natural or man-made object that can be assigned an IP address and provided with the ability to transfer data over a network.
Security / IOT • Now companies including ARM, Intercede, Solacia, and Symantec have developed the Open Trust Protocol (OTrP), designed to provide secure architecture and code management to protect connected devices. The architecture uses technologies deployed in banking and for handling sensitive data on smartphones and tablets. • "In an internet-connected world, it is imperative to establish trust between all devices and service providers," said Marc Canel, vice president of security systems, ARM. "Operators need to trust devices their systems interact with and OTrP achieves this in a simple way. It brings e-commerce trust architectures together with a high-level protocol that can be easily integrated with any existing platform." • OTrP is a high-level management protocol that works with security products, such as ARM's TrustZone-based Trusted Execution Environments, which are designed to protect mobile computing devices from malicious attack. OTrP can be used with public key infrastructure-based systems to allow service providers, app developers, and hardware maker to use their own keys to authenticate and manage trusted software and assets. The group said OTrP can be easily added to existing Trusted Execution Environments or to microcontroller-based platforms capable of RSA cryptography. • At its heart, OTrP is a management protocol designed to work with security software in order to protected Internet of Things and mobile devices from malicious attacks. OTrP is available to download from Internet Engineering Task Force for those who want to test and prototype it in their security environment. • The group of companies hope that the protocol paves the way for an open standard to enable to management of trusted software without the need for a centralised database - much like established method of security architecture in e-commerce. • With new technologies come increased security risks," said Brian Witten, Senior Director, Internet of Things Security, Symantec. "The Internet of Things and smart mobile technologies are moving into a range of diverse applications and it is important to create an open protocol to ease and accelerate adoption of hardware-backed security that is designed to protect on board encryption-keys." • The full group of companies who've worked together on OTrP consists of Intercede, Solacia, Symantec, Beanpod, Sequitur Labs, Sprint, Thundersoft, Trustkernel, Verimatrix and ARM.
Globe and Mail Article • Is-canada-falling-behind-in-iot-technology
What Drives IoT • IP Addresses (Securing) • Bandwidth • Latency • Network tools • VPN • Routers • WAN/LAN (Internet Providers) • Storage of Data • Interpretation of data • Structure/Unstructured Data
Canada ISP/Speed
Canadian Business Source: http://www.canadianbusiness .com/innovation/how- companies-are-putting-the- internet-of-things-to-work- today/
Alliances/Partnerships Government Policies • R&D Tax Credits • Innovation Centers (University/Colleges/Business Government • Improving Broadband Networks • No changes to Stock Options
Benefits to Manufacturing Source - http://www.industryweek.com/iiot/study-finds-manufacturers-are-profiting-iot?NL=IW- 07&sfvc4enews=42&cl=article_2&utm_rid=CPG03000001519274&utm_campaign=19747&utm_medi um=email&elq2=1f4d50d2c8ed449e82c654e42d50f400 But the shocker is this: just two years after nearly half of manufacturers hadn’t even heard of the IoT, a majority are now making money off the IoT: • 72% report increased productivity, and 69% report increased profitability, from application of the IoT to plants and processes • 65% report increased profitability from sales of IoT-enabled products (e.g., embedded intelligence) Source – Industrial Week – June 7, 2017
IoT spending could top $800B for 2017 Source - http://www.zdnet.com/article/iot-spending-to-surpass-800-billion-in-2017- led-by-hardware-idc/ Research firm IDC has released updated spending estimates for the Internet of Things. Overall, IDC expects IoT spending to grow 16.7 percent year-over-year in 2017, reaching just over $800 billion By 2021, global IoT spending is expected to total nearly $1.4 trillion, led by enterprise investments IoT hardware, software, services, and connectivity. Breaking down use cases, IDC says manufacturing, freight monitoring and production asset management will attract the largest investments. Smart grid technologies for electricity, gas, and water, and smart building technologies are also expected to see significant investment gains this year.
IBM and IoT Source - https://www.ibm.com/internet-of-things/
GE and IOT Source - https://seekingalpha.com/article/4105668-general-electrics-focus-iiot- lucrative?app=1&auth_param=1346ak:1crcp41:83632e8ee544f94eef5721a7b18976df&uprof=29&dr=1 Internet of Things (IoT) and especially its sub-segment Industrial Internet of Things (IIoT) can have a major positive effect on General Electric's (NYSE:GE) bottom line. There are lots of varying estimates about the possible market sizes, but two things are for certain: the IoT market as a whole can be expected to grow fast and become a vast market in the long term. GE is currently in the middle of business transformation. During this transformation, it has, among others, established two new businesses: GE digital and GE additive manufacturing. Especially of interest to me is the GE digital platform, which will be primarily driven by the success of Predix. What is Predix about then? IoT or in GE's case IIoT will be the next big wave of productivity after cloud. The main thing with the concept is to connect all devices to the Internet so that they can be monitored remotely. • How this works in practice is that when GE sells a physical product, such as a marine engine, it adds sensors to the product. • These sensors transmit data on a constant interval either via a cellular network or via physical Ethernet cable connection to the cloud. • This data is then processed by Predix with the help of analytical and machine learning software. In the final step, customers can configure the front-end part of Predix so that the data sent by their physical assets is then presented in a graphical and logical manner. • It is even possible to take this to a step further by connecting this data directly to an enterprise resource planning (ERP) software. This would make it possible for instance to automate maintenance and gather critical performance information for R&D usage.
Security / IOT Source - http://www.ioti.com/security/us-congress-proposed-iot-security-requirements-balancing-act

More Related Content

IOT - Internet of Things - September 2017

  • 1. IoT – Internet of Things – August - 2017 PAUL YOUNG CPA, CGA SEPTEMBER 11, 2017
  • 2. Paul Young - Bio • CPA, CGA (1996) • Financial Solutions (FOPM/FPM) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Financial Solutions • SME – Emerging Technologies • SME – Supply Chain Management • SME – Business Strategy and Restructuring Contact information: Paul_Young_CGA@Hotmail.com
  • 3. Agenda • What is IoT (Internet of Things) • Is Canada falling behind IoT • Security • Issues facing IoT • ISP Speed Canada • Business Climate / Canada • Groups / Partnerships • Security
  • 4. What is IoT (Internet of Things) • The Internet of Things (IoT) is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. • A thing, in the Internet of Things, can be a person with a heart monitor implant, a farm animal with a biochip transponder, an automobile that has built- in sensors to alert the driver when tire pressure is low -- or any other natural or man-made object that can be assigned an IP address and provided with the ability to transfer data over a network.
  • 5. Security / IOT • Now companies including ARM, Intercede, Solacia, and Symantec have developed the Open Trust Protocol (OTrP), designed to provide secure architecture and code management to protect connected devices. The architecture uses technologies deployed in banking and for handling sensitive data on smartphones and tablets. • "In an internet-connected world, it is imperative to establish trust between all devices and service providers," said Marc Canel, vice president of security systems, ARM. "Operators need to trust devices their systems interact with and OTrP achieves this in a simple way. It brings e-commerce trust architectures together with a high-level protocol that can be easily integrated with any existing platform." • OTrP is a high-level management protocol that works with security products, such as ARM's TrustZone-based Trusted Execution Environments, which are designed to protect mobile computing devices from malicious attack. OTrP can be used with public key infrastructure-based systems to allow service providers, app developers, and hardware maker to use their own keys to authenticate and manage trusted software and assets. The group said OTrP can be easily added to existing Trusted Execution Environments or to microcontroller-based platforms capable of RSA cryptography. • At its heart, OTrP is a management protocol designed to work with security software in order to protected Internet of Things and mobile devices from malicious attacks. OTrP is available to download from Internet Engineering Task Force for those who want to test and prototype it in their security environment. • The group of companies hope that the protocol paves the way for an open standard to enable to management of trusted software without the need for a centralised database - much like established method of security architecture in e-commerce. • With new technologies come increased security risks," said Brian Witten, Senior Director, Internet of Things Security, Symantec. "The Internet of Things and smart mobile technologies are moving into a range of diverse applications and it is important to create an open protocol to ease and accelerate adoption of hardware-backed security that is designed to protect on board encryption-keys." • The full group of companies who've worked together on OTrP consists of Intercede, Solacia, Symantec, Beanpod, Sequitur Labs, Sprint, Thundersoft, Trustkernel, Verimatrix and ARM.
  • 6. Globe and Mail Article • Is-canada-falling-behind-in-iot-technology
  • 7. What Drives IoT • IP Addresses (Securing) • Bandwidth • Latency • Network tools • VPN • Routers • WAN/LAN (Internet Providers) �� Storage of Data • Interpretation of data • Structure/Unstructured Data
  • 10. Alliances/Partnerships Government Policies • R&D Tax Credits • Innovation Centers (University/Colleges/Business Government • Improving Broadband Networks • No changes to Stock Options
  • 11. Benefits to Manufacturing Source - http://www.industryweek.com/iiot/study-finds-manufacturers-are-profiting-iot?NL=IW- 07&sfvc4enews=42&cl=article_2&utm_rid=CPG03000001519274&utm_campaign=19747&utm_medi um=email&elq2=1f4d50d2c8ed449e82c654e42d50f400 But the shocker is this: just two years after nearly half of manufacturers hadn’t even heard of the IoT, a majority are now making money off the IoT: • 72% report increased productivity, and 69% report increased profitability, from application of the IoT to plants and processes • 65% report increased profitability from sales of IoT-enabled products (e.g., embedded intelligence) Source – Industrial Week – June 7, 2017
  • 12. IoT spending could top $800B for 2017 Source - http://www.zdnet.com/article/iot-spending-to-surpass-800-billion-in-2017- led-by-hardware-idc/ Research firm IDC has released updated spending estimates for the Internet of Things. Overall, IDC expects IoT spending to grow 16.7 percent year-over-year in 2017, reaching just over $800 billion By 2021, global IoT spending is expected to total nearly $1.4 trillion, led by enterprise investments IoT hardware, software, services, and connectivity. Breaking down use cases, IDC says manufacturing, freight monitoring and production asset management will attract the largest investments. Smart grid technologies for electricity, gas, and water, and smart building technologies are also expected to see significant investment gains this year.
  • 13. IBM and IoT Source - https://www.ibm.com/internet-of-things/
  • 14. GE and IOT Source - https://seekingalpha.com/article/4105668-general-electrics-focus-iiot- lucrative?app=1&auth_param=1346ak:1crcp41:83632e8ee544f94eef5721a7b18976df&uprof=29&dr=1 Internet of Things (IoT) and especially its sub-segment Industrial Internet of Things (IIoT) can have a major positive effect on General Electric's (NYSE:GE) bottom line. There are lots of varying estimates about the possible market sizes, but two things are for certain: the IoT market as a whole can be expected to grow fast and become a vast market in the long term. GE is currently in the middle of business transformation. During this transformation, it has, among others, established two new businesses: GE digital and GE additive manufacturing. Especially of interest to me is the GE digital platform, which will be primarily driven by the success of Predix. What is Predix about then? IoT or in GE's case IIoT will be the next big wave of productivity after cloud. The main thing with the concept is to connect all devices to the Internet so that they can be monitored remotely. • How this works in practice is that when GE sells a physical product, such as a marine engine, it adds sensors to the product. • These sensors transmit data on a constant interval either via a cellular network or via physical Ethernet cable connection to the cloud. • This data is then processed by Predix with the help of analytical and machine learning software. In the final step, customers can configure the front-end part of Predix so that the data sent by their physical assets is then presented in a graphical and logical manner. • It is even possible to take this to a step further by connecting this data directly to an enterprise resource planning (ERP) software. This would make it possible for instance to automate maintenance and gather critical performance information for R&D usage.
  • 15. Security / IOT Source - http://www.ioti.com/security/us-congress-proposed-iot-security-requirements-balancing-act

Editor's Notes

  1. http://internetofthingsagenda.techtarget.com/definition/Internet-of-Things-IoT
  2. 1. http://www.zdnet.com/article/arm-symantec-and-others-team-up-to-set-out-security-standard-for-internet-of-things/
  3. http://www.theglobeandmail.com/report-on-business/small-business/sb-growth/is-canada-falling-behind-in-iot-technology/article29936602/
  4. In computing, bandwidth is the bit-rate of available or consumed information capacity expressed typically in metric multiples of bits per second. Variously, bandwidth may be characterized as network bandwidth,[1]data bandwidth,[2] or digital bandwidth.[3][4] This definition of bandwidth is in contrast to the field of signal processing, wireless communications, modem data transmission, digital communications, and electronics, in which bandwidth is used to refer to analogsignal bandwidth measured in hertz, meaning the frequency range between lowest and highest attainable frequency while meeting a well-defined impairment level in signal power. Latency
  5. 1. http://www.pcmag.com/article2/0,2817,2490913,00.asp
  6. http://www.canadianbusiness.com/innovation/how-companies-are-putting-the-internet-of-things-to-work-today/
  7. http://www.ept.ca/features/iota-can-set-transform-canadian-iot-ideas-innovative-solutions/