Helping companies launch IoT-driven business models, creating new sources of revenue and improving efficiency
Key facts
- Intel¹, the largest semiconductor manufacturer, has been a major proponent of the Internet of Things, focused on connecting “things” to the cloud, integrating with existing infrastructure and securely managing data.
- It is working to develop IoT solutions for a wide range of organizations and businesses, including industrial, retail, automotive, energy and healthcare industries.
- Intel’s IoT revenues have grown at a CAGR of 13.5% from $1.6 billion in 2013 to $2.3 billion in TTM 9/15.
- Intel through its investment in IoT technologies aims to solve customers’ business problems and improve people’s lives.
Uniqueness
- Intel provides scalable, interoperable solutions that accelerate deployment of intelligent devices and end-to-end analytics, helping companies achieve greater efficiency and transparency in their operations.
- Leading-edge solutions provided by Intel help its alliance members to benefit from easy access to roadmaps, test platforms and design support, facilitating easier integration of IoT solutions into businesses.
- Intel’s IoT platform enables faster time to market and scaling of IoT solutions by reducing complexity.
- Organizations are able to achieve greater process transparency, improved maintenance and real time tracking due to Intel’s IoT solutions.
Value
- Intel’s IoT solutions have helped increase farm output – e.g. rice output doubled for the Government of Malaysia, Keenan Systems’ InTouch solution led to increase in cattle productivity.
- IoT-led transportation solutions by Intel helps to boost fuel efficiency, drives higher profits, leads to increased safety, more reliability and convenience of commercial vehicles.
- In healthcare, Intel’s IoT solutions have helped reduce treatment time, achieve improved patient outcomes and reduced healthcare costs, e.g. Renji Hospital has been able to improve work efficiency and quality of healthcare services with the help of Intel’s IoT solutions.
Approach
- Intel Capital was set up as a dedicated investment arm to make investment decisions on the IoT.
- A new IoT business group with approximately 1,000 employees was formed to focus on IoT strategy and initiatives.
- Intel developed an IoT platform that works with third-party solutions to provide a foundation for seamlessly and securely connecting devices, delivering data to the cloud and providing value through analytics.
- Intel not only entered into partnerships with Dell, Accenture, Samsung and others to strengthen its position in the IoT market, but also made strategic acquisitions of companies like Altera and Lantiq.
Intel is one of more than 100 case studies identified as part of the World Economic Forum’s Digital Transformation of Industries initiative. An overview of the DTI program can be found here.
1. Sources: Intel, WEF/Accenture Analysis