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The Analytics Value Chain Key to Delivering Value in IoT

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Vitria Operational Intelligence

The Analytics Value Chain

Key to Delivering Value in IoT

Dr. Dale Skeen

(2)

$

20

Trillion

by 2025

Internet of Things – Value Potential

40

%

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Industrial

Industrial

Enterprise

Enterprise Consumer

Consumer

Where Analytics Generates Value in IoT

Smart Home Predictive Maintenance Asset Optimization Outage Mgmt. Operational Efficiency Safety and

Security Cyber Security Fraud Detection Health Monitoring

“My Life Style” Customer Engagement Demand/Supply Optimization Revenue Growth Predictive 1:1 Marketing

(4)

Lakes

(5)

Ingest and store

Analyze later

using bulk algorithms

Historical Analytics

Machine learning for

building predictive models

Ingest

Analyze immediately

using incremental algorithms

Fast, Real-Time Analytics

Operationalize models for

Real-Time Predictions

Prescribe Next Best Action

Lakes

(6)

Your Telco wants to predict when you

are about to leave the country...

So they can text you an attractive

data roaming offer!

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Real-time, Predictive 1:1 Marketing

How does your telco know you leaving the country?

O

2

– Largest Mobile Telco in UK

Eurostar trains run between UK and

Europe via Channel Tunnel.

10 million passengers per year

Opportunity: Text customers a great

data roaming offer just before leaving UK.

Challenges:

 How to detect customers on the train?  Highways next to train routes & stations  Local trains share same routes as

Eurostar

Eurostar? Local?

or or

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Vitria IoT: Analytics Chain in Action

Contextual Awareness Correlate & enrich with contextual data CRM, Train Routes & Schedules Predictive Analytics Predict threats and opportunities upload predictive patterns Machine Learning over Historical Data

Prescriptive Analytics Identify next best actions using automated rules Rules based on Best Practices Intelligent Actions Act Quickly to Capture Value

$

Intelligent BPM Situational Intelligence Correlate real-time situational data Customer Journey Ingest data at speed and volume ~ 250,000 events per second Fast Data Ingestion Cellular Network

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Vitria IoT: Analytic Value Chain

multi-stage analytic processing drives value

Value

Maturity

Fast Data

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IoT: Analytics Maturity Model

Connected Aware Reactive Predictive Proactive

Busin

ess

Impac

t

1 2 3 4 5 Fast Data

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Predicted Maintenance & Outage Prevention

predicting equipment failure during weather events

Situation

Severe weather events can cause

equipment failure and outages

Opportunity

Enhance operations by predicting

equipment failures

Lessen the probability of a

catastrophic failure

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Vitria IoT: Analytic Chain in Action

Ingest data at speed and volume ~ 1,000,000 events per second Fast Data Ingestion Smart Meter Contextual Awareness Correlate & enrich with contextual data Equipment & Maintenance History Situational Intelligence Correlate real-time situational data Weather Conditions Predictive Analytics Predict threats and opportunities uploaded models Machine Learning over Historical Data

Prescriptive Analytics Identify next best actions using automated rules Rules based on Best Practices Intelligent Actions Act Quickly to Capture Value

$

Intelligent BPM

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Operationalizing @Scale

Elastic, scale-out architecture

Commodity hardware

In-memory computing

Contextual data pre-loaded

Actions with intelligent BPM

Fast Data

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Recent IoT Use Cases

TXU

Visibility, Intelligence &

Governance of

Hidden Processes

Monitor SLAs customer transactions across underlying systems

Vizualize info in process

context

Preventative Maintenance

Large Equipment

Machine learning of predictive

maintenance model over machine history

Continuous monitoring of key

indicators and environment

Increased service uptime,

reduced unplanned outages, reduced truck rolls

TXU

Visibility, Intelligence &

Governance of

Hidden Processes

Monitor SLAs customer transactions across underlying systems

Vizualize info in process

context

Driver Behavior Scoring

Connected Car

Machine Learning predictive

model over historical driver records

Includes Human, Vehicle, and

Environmental variables influencing “Safe Drive” outcome

Driving Behavior is

continuously scored as new data is made available

Fraud Detection

Smart Meter

Fraud: Smart Meters can be

manipulated to make them under-register.

Fraud: Smart Meters can be

fooled into sending “energy reversal” events (fraud).

Grid Integrity: Detect unusual

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Analytics Value Chain for IoT

Historical + Situational + Predictive + Prescriptive

drives Value in IoT

Timely action is the “last critical mile”

in the analytics value chain

Fast Analytics maximizes Value

since many IoT problems are time-sensitive

Operationalize machine learning from Historical Data

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Vitria – IoT Products

Vitria IoT Analytics Platform

Historical + Situational + Predictive + Prescriptive

Analytic Value Chains via Visual Modeling

Quickly Operationalize Machine Learning

from Historical Data for Real-time Execution

Scalable, Fast, and Open Big Data Analytics

• Leveraging Spark, Hadoop, Hive, more …

Vitria IOT APaaS

(Analytics Platform as a Service)

Self-Service IoT Analytics, in the Cloud

IoT Analytics in Minutes not Months

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Resources:

Vitria IoT Analytics Platform

A new analytics methodology to help you generate

value faster for your IoT initiatives

Advanced Analytics for Manufacturing

Advanced Analytics for Telecommunications

References

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