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Transform Your Business with Intelligent Objects: Unlocking New Opportunities

Intelligent Objects are revolutionizing the way companies operate by integrating physical devices with smart technology through the Internet of Things (IoT). With advancements in wireless networking, cloud computing, and low-power sensors, businesses can automate processes, optimize resources, and enhance decision-making. This technology leads to reduced operational risks, lower costs, and improved situational awareness. By embracing intelligent objects, companies can create new business models and gain a competitive edge, making their operations more efficient and effective for a rapidly evolving digital landscape.

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Transform Your Business with Intelligent Objects: Unlocking New Opportunities

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Presentation Transcript

  1. Why should your company use Intelligent Objects? Scott Schinderle, Luke Heneghan, Mackenzie Kraft, Alex Welch

  2. Intelligent objects save lives

  3. Wal-Mart Example

  4. Wireless network technology advances Standardized comm. Protocol (IP) Internet of Things Cloud computing Communications Small, cheap, capable, low power chips Massive storage and comute through cloud Sensors actuators Reduce operation risk & diminish cost Process Automatization Process optimization “The basic idea of the IOT is that virtually every physical thing in this world can ... feature tiny computers that are connected to the Internet (ITU, 2005). When they do so, they are often called smart things, because they can act smarter than things that have not been tagged” Prof. Elgar Fleisch, ETH, Zurich What are “Intelligent Objects” New ways to create values and new business models

  5. Automation and Control Information and Analysis Process Optimization Tracking Behavior Enhanced Situational Awareness • Consumption Optimized resource Complex Autonomous system Sensor-driven Decision Analysis

  6. Sensor and Automation Applications Data as Business Tracking and MeteringModels New Business Models

  7. Process Automatization Process Optimization Traceable New Business Markets Benefits Save Money

  8. Response Reliance on Technology Doesn’t beat the opportunity that comes with the competitive advantage of using smart objects. Take place of jobs Use resources more efficiently. More business opportunities. High Costs Moore’s Law the premise that the power of microprocessor technology doubles and its cost of production drops in half every 18 months Dangers Security Concerns RSA security is researching new ways to make smart objects more secure for businesses.

  9. Digital Life Services (AT&T) Human Chips (VeriChip) Pills to monitor temperatures Autonomous Vehicles (Google) Future Applications Sensor Mouth guards

  10. …as it becomes cheaper more companies can integrate this into their business Conclusions

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