WEBVTT - The Internet of Things: More Efficient Than You

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<v Speaker 1>Brought to you by Toyota. Let's go places. Welcome to

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<v Speaker 1>Forward Thinking. Greetings everyone, Welcome to Forward Thinking. I am

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<v Speaker 1>your host, Jonathan Strickland, joined by my fellow co hosts

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<v Speaker 1>who are going to introduce themselves now. I am Lauren

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<v Speaker 1>voc Obam. I am Joe McCormick, and these two people

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<v Speaker 1>are part of the brain trust that keeps Forward Thinking going.

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<v Speaker 1>We are looking at topics that are going to be

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<v Speaker 1>really important to us in the future, how they're going

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<v Speaker 1>to affect us as human beings. And one of the

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<v Speaker 1>things that we wanted to talk about was this concept

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<v Speaker 1>of the Internet of things. Now, Lauren, if I came

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<v Speaker 1>up to you and I said, what is this Internet

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<v Speaker 1>of things concept? I just don't understand. How would you

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<v Speaker 1>describe it? Well, basically, it's the idea that all of

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<v Speaker 1>the devices that we use, not just our computers and

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<v Speaker 1>our cell phones, but also our cars and our houses,

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<v Speaker 1>are going to be communicating with each other in order

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<v Speaker 1>to provide the best environment possible for every human person. Right.

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<v Speaker 1>This idea that we're going to have ubiquitous sensors around

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<v Speaker 1>us constantly gathering data, crunching that data in some sort

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<v Speaker 1>of way, and then using the data in different ways,

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<v Speaker 1>whether that's to serve it up to us saying, oh,

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<v Speaker 1>by the way, your energy usage this month has been

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<v Speaker 1>such and such, or oh, by the way, you've burned

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<v Speaker 1>x number of calories because you did all this running

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<v Speaker 1>around today, or it will actually make devices behave in

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<v Speaker 1>a very specific way, and it kind of takes human

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<v Speaker 1>interaction completely out of that equation, so that your thermostat,

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<v Speaker 1>for example, might adjust itself based upon the weather and

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<v Speaker 1>maybe even your own bodies temperature. So it's kind of

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<v Speaker 1>this neat idea of technology shaping the world around us. Uh, Joe,

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<v Speaker 1>why don't we talk a little bit about what the

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<v Speaker 1>video kind of covered and what we're gonna cover today. Okay, Well,

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<v Speaker 1>in the video, we were talking about how we focused

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<v Speaker 1>a lot on how the Internet of Things will change

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<v Speaker 1>the end user experience of the world, and and by

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<v Speaker 1>that I mean just the way the world looks to

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<v Speaker 1>you and me um And we talked about customizable environments,

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<v Speaker 1>which means that you know, the room in your house

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<v Speaker 1>might have any number of hidden elements that are conspiring

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<v Speaker 1>to make your life more comfortable and easier, and they're

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<v Speaker 1>taking data to learn what you like and and and

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<v Speaker 1>how to fit you best. So this could be lighting

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<v Speaker 1>and music, environmental control like you were saying, Um, but

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<v Speaker 1>I thought in this podcast one thing that would be

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<v Speaker 1>interesting to talk about would be an even more invisible

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<v Speaker 1>aspect of how the Internet of Things will change society,

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<v Speaker 1>which is how it will change efficiency in the processes

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<v Speaker 1>we don't always see in industry, in civic systems, sure

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<v Speaker 1>care anything, Yeah, yeah, I mean we're talking again about

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<v Speaker 1>devices that are are taking endless measurements and then sending

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<v Speaker 1>that data back in some fashion to make our lives

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<v Speaker 1>easier and uh. And in manufacturing, that's a very simple

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<v Speaker 1>way of of changing huge outcomes. I mean, manufacturing processes

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<v Speaker 1>have changed quite a bit ever since the Industrial Revolution,

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<v Speaker 1>but the idea of the Internet Things could bring that

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<v Speaker 1>to an even more precise level. Right when you have

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<v Speaker 1>machines that have computers at every single stop gap of

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<v Speaker 1>the process that are you know, calling home and telling

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<v Speaker 1>you what the machine is doing, how efficient it's being,

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<v Speaker 1>how fast the motors are running, how fast the products

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<v Speaker 1>being turned out, then you can you can use that

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<v Speaker 1>to completely optimize everything every step of the way, and furthermore,

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<v Speaker 1>have that machine tell you when it's about to break. Yeah,

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<v Speaker 1>which of course would be a huge benefit you if

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<v Speaker 1>you already know that you need to do some preventive

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<v Speaker 1>maintenance on a machine before it breaks down. Uh, that

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<v Speaker 1>can mean the difference between a profitable month or a disaster.

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<v Speaker 1>And Joe, you you have a story you were telling

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<v Speaker 1>us earlier about kind of you gave us a scenario

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<v Speaker 1>where this makes sense. Oh yeah, Well, I mean you

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<v Speaker 1>just have to imagine you're you're in a furniture factory.

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<v Speaker 1>Maybe you're the floor manager there, and you produce a

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<v Speaker 1>certain kind of upholstered chair. Now, you know, for a

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<v Speaker 1>while it's been taking X number of hours to complete

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<v Speaker 1>the production from you know, when you first get the

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<v Speaker 1>parts until when you ship it. Suddenly, this month it's

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<v Speaker 1>taking twice as long now in lots of factories. You

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<v Speaker 1>might have no idea why, because we've got humans dealing

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<v Speaker 1>with the machines at every step along the way, and

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<v Speaker 1>you have no devices to really track the difference in

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<v Speaker 1>how long it takes to produce this thing and give

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<v Speaker 1>real time analytics and feedback. With the Internet of Things,

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<v Speaker 1>each particular cog along the production line is both uploading

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<v Speaker 1>and downloading information, so the production line itself is teaching

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<v Speaker 1>and learning right, So then by the if there is

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<v Speaker 1>something that's that's causing a slower production than normal, you

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<v Speaker 1>can actually see where the bottlenecks occurring. And then or

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<v Speaker 1>if the if it's an intelligent enough system, it anticipates

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<v Speaker 1>that and fixes it so that you never have that

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<v Speaker 1>problem to start with. Uh, it's definitely something that could

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<v Speaker 1>impact us down the line. This is something that you know,

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<v Speaker 1>anyone who works in that industry, obviously it would affect them.

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<v Speaker 1>But if you're asking, all right, well how about the

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<v Speaker 1>average person, the consumer, how would that affect this person? Well,

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<v Speaker 1>increased efficiencies could mean that you see prices start to

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<v Speaker 1>come down on products because it takes less money to

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<v Speaker 1>produce them, and as competition rises, that could see that

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<v Speaker 1>the prices come down. You know, you don't have to

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<v Speaker 1>worry about that profit margin being affected because the cost

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<v Speaker 1>of production and has gone down so that you can

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<v Speaker 1>actually lower the cost to the consumer. That doesn't always happen. Obviously,

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<v Speaker 1>we have industries out there where the cost of productions

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<v Speaker 1>come down, let's keep the price the same way. But

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<v Speaker 1>it's something that could happen sure, and if it happens

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<v Speaker 1>in your industry, that means and you get to hypothetically

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<v Speaker 1>make more money, so it's not a bad thing either. No,

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<v Speaker 1>that that tends to make shareholders very happy as it

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<v Speaker 1>turns out, And you were mentioned Joe also about the

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<v Speaker 1>the civic uses. One of my favorite illustrations of the

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<v Speaker 1>Internet of Things is the idea that with the true

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<v Speaker 1>implementation of the Internet things, that it's at its most

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<v Speaker 1>pervasive level, traffic doesn't exist. It can be completely automated,

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<v Speaker 1>so that, for example, if you live in say Atlanta,

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<v Speaker 1>like the three of us do, and have to commute

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<v Speaker 1>through Atlanta like the three of us do, then you

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<v Speaker 1>don't get in traffic jams that take up how many

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<v Speaker 1>how many hours a week? It's the average, it's like

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<v Speaker 1>for the average Atlanta and I think they spend around

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<v Speaker 1>half an hour per uh per trip. Yeah, it's it's well,

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<v Speaker 1>it could be more than that actually, because I think

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<v Speaker 1>in Atlanta the average commute is close to around thirty miles,

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<v Speaker 1>which is that's a that's a long commute for someone

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<v Speaker 1>who lives in the city where they're working. It means

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<v Speaker 1>that a lot of us are not living very close

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<v Speaker 1>to wherever our offices are. And on top of that,

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<v Speaker 1>Atlanta traffic is pretty bad. It's it does regularly rank

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<v Speaker 1>in those top cities of bad traffic cities like Los

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<v Speaker 1>Angeles or New York or d C. There are several

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<v Speaker 1>in the United States that are known as being bad

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<v Speaker 1>when you're a driver, just for the sense of how

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<v Speaker 1>much time you're going to spend sitting in traffic. But

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<v Speaker 1>with the Internet of Things, you could have all these

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<v Speaker 1>devices that detect changes in traffic and either relay that

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<v Speaker 1>information to drivers so that they can react proactively and

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<v Speaker 1>take a different route so that they're no longer at

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<v Speaker 1>risk of being delayed because of a change in traffic,

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<v Speaker 1>or if you pair this with say an autonomous car,

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<v Speaker 1>the cars themselves start to adjust without your input at all,

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<v Speaker 1>and next thing you know, you're where you need to be.

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<v Speaker 1>Um and beyond that, we're talking about improvements that could

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<v Speaker 1>allow things like dynamic control of traffic signals. So the

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<v Speaker 1>example I always give is, imagine you're driving home at

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<v Speaker 1>three in the morning, as the three of us often

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<v Speaker 1>are doing, but because we burned the midnight oil at

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<v Speaker 1>our office, not because we're all party animals. That's also true,

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<v Speaker 1>but not not material. But you're driving home at three

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<v Speaker 1>in the morning, and you get to that infamous traffic

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<v Speaker 1>stop where the light has turned red and you know

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<v Speaker 1>you're going to be sitting there for three minutes while

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<v Speaker 1>there's no cross traffic at all. With a truly dynamic system,

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<v Speaker 1>the traffic components already know you're approaching, they already know

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<v Speaker 1>there's no traffic coming the other way, and they change

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<v Speaker 1>all the yeah. So that means at three in the morning,

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<v Speaker 1>you have the magical experience of all green lights all

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<v Speaker 1>the time, so that red lights when you see them,

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<v Speaker 1>become uh, something that's unusual and hopefully you remember what

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<v Speaker 1>to do. But but more importantly, well, that same principle

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<v Speaker 1>could be translated to matters of life and death, not

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<v Speaker 1>just convenience. I mean, if you imagine um the problems

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<v Speaker 1>that are first responder encounters. You know, I don't know

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<v Speaker 1>if you ever had that experience of you're sitting in

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<v Speaker 1>traffic at rush hour and nobody's moving, and suddenly behind

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<v Speaker 1>you you hear a siren and you see an ambulance

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<v Speaker 1>coming through and it just can't penetrate them, and there's

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<v Speaker 1>nothing you can do. There's something it can do. Everyone

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<v Speaker 1>is at a standstill, right, It's just stuck, and you know,

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<v Speaker 1>in the back of that ambulance, somebody you know, could

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<v Speaker 1>be dying and they have to get through, but they can't. Now,

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<v Speaker 1>imagine if the traffic grid was smart, if the cars

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<v Speaker 1>were smart, they were all communicating, If the traffic lights

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<v Speaker 1>were smart, they were all communicating. The grid itself could

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<v Speaker 1>clear a path because it knows where the first responder

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<v Speaker 1>needs to go. You know, before you even heard the

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<v Speaker 1>siren that it was coming that you needed to pull over.

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<v Speaker 1>The traffic lights would know, so they could block off

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<v Speaker 1>traffic from cross streets. Yeah, this is truly a matter

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<v Speaker 1>of life and death. It could mean that it saves lives.

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<v Speaker 1>This the internet things could literally save and prolonged life

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<v Speaker 1>in that fashion. And beyond that, it's it's something that

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<v Speaker 1>could also impact on a macro scale, our energy use

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<v Speaker 1>and and even our energy production. Lauren, you were telling

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<v Speaker 1>me about something along those lines. Yeah, if if railways

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<v Speaker 1>were smarter, they could use GPS two track trains. Also

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<v Speaker 1>the add in the length and the and the load

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<v Speaker 1>into the data and minimax the performance and fuel usage.

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<v Speaker 1>Um Also with the production of energy itself, you could

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<v Speaker 1>have wind turbines that no one to shut down due

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<v Speaker 1>to danger from high winds. At an individual level, they

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<v Speaker 1>could they could be detecting what's going on with the

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<v Speaker 1>weather if if they start freezing up in the winter

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<v Speaker 1>automatically speed up to knock off ice. One wind farm

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<v Speaker 1>in particular did to study where they input a whole

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<v Speaker 1>bunch of the smart technology and over the course of

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<v Speaker 1>a year, they had about a three pc increase in

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<v Speaker 1>energy output, which sounds really small until you take into

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<v Speaker 1>consideration that that's one point two million dollars in additional revenue. Tiny,

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<v Speaker 1>tiny changes in industries can end up having huge impacts

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<v Speaker 1>down the road. It's uh, it can be very simple

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<v Speaker 1>to sort of right off something where you hear of

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<v Speaker 1>small percentage, but it means a big change. I mean,

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<v Speaker 1>especially or something as large as as energy production. So

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<v Speaker 1>you're talking about having this this system that can intelligently

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<v Speaker 1>react to different different inputs, whether it's environmental or or

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<v Speaker 1>performance or even a human factor and be able to

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<v Speaker 1>adjust so that's giving the most efficient output. I mean,

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<v Speaker 1>that's an amazing story. And obviously once we reach this

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<v Speaker 1>point in the world, our experiences day to day will

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<v Speaker 1>be very different. I think because we you know, things

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<v Speaker 1>like traffic, I can't imagine you know what a generation

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<v Speaker 1>who grows up without traffic would feel like if suddenly

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<v Speaker 1>there was a traffic jam. You know, the green light

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<v Speaker 1>scenario sounds like magic to me. It does again Arthur C.

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<v Speaker 1>Clark right there saying about the you know, as as

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<v Speaker 1>technologies get more sophisticated, they eventually reach a point where

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<v Speaker 1>they are indistinguishable from magic, and that would be a

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<v Speaker 1>wonderful world to live in. I do I do worry

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<v Speaker 1>about living in a world that would occasionally need to

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<v Speaker 1>control all delete uh, but you know, we tried turning

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<v Speaker 1>it off and on again. But that that to me.

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<v Speaker 1>The bonuses, the positives about this world are so phenomenal

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<v Speaker 1>that it would be unthinkable not to pursue them. Sure,

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<v Speaker 1>and lots of lots of companies are doing that currently.

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<v Speaker 1>The g is calling it the industrial Internet right now.

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<v Speaker 1>IBM has a phrase that they're calling Smarter Planet. Cisco,

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<v Speaker 1>of course, has the Internet of Everything that they keep

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<v Speaker 1>talking about. Sure. Yeah, So everyone has a different kind

0:12:29.120 --> 0:12:31.560
<v Speaker 1>of way of summing this up in a in a

0:12:31.600 --> 0:12:34.800
<v Speaker 1>little a little title, but it's it's all saying the

0:12:34.840 --> 0:12:37.240
<v Speaker 1>same thing. Yeah. The point is is that it's incredibly

0:12:37.240 --> 0:12:41.920
<v Speaker 1>worthwhile financially and environmentally and socially. Yeah, so I'm I'm

0:12:41.920 --> 0:12:44.520
<v Speaker 1>excited to see this world come about. I cannot wait

0:12:44.559 --> 0:12:48.240
<v Speaker 1>to find out what my own personal reality is going

0:12:48.280 --> 0:12:51.640
<v Speaker 1>to be, especially considering that I won't have to worry

0:12:51.640 --> 0:12:55.160
<v Speaker 1>about traffic anymore. That that I I know, I go

0:12:55.200 --> 0:12:57.400
<v Speaker 1>on about that, but really, if you've lived in a

0:12:57.440 --> 0:12:59.280
<v Speaker 1>place where there's been a lot of traffic, I can

0:12:59.640 --> 0:13:03.000
<v Speaker 1>you all understand it? The idea of no traffic is

0:13:03.559 --> 0:13:07.360
<v Speaker 1>something that we think. It's just a fairy tale. I

0:13:07.400 --> 0:13:10.360
<v Speaker 1>think we should get in on it. The naming, Oh yeah,

0:13:10.400 --> 0:13:12.040
<v Speaker 1>well we'll have to come up with our own version

0:13:12.160 --> 0:13:14.800
<v Speaker 1>names so we can get in on the ground floor. Right, Yeah,

0:13:15.040 --> 0:13:18.680
<v Speaker 1>well we'll start. We'll start brainstorming names for the Internet

0:13:18.720 --> 0:13:22.559
<v Speaker 1>of Things. I vote Dave, but other names are are

0:13:22.559 --> 0:13:25.720
<v Speaker 1>fully it's all up to discussion. Just remember my decisions

0:13:25.760 --> 0:13:29.920
<v Speaker 1>final and then we're all good. Um and guys, we're

0:13:29.960 --> 0:13:34.120
<v Speaker 1>going to have this amazing websites launching on March first,

0:13:34.200 --> 0:13:36.959
<v Speaker 1>and it's called forward Thinking dot com. That's f w

0:13:37.400 --> 0:13:40.120
<v Speaker 1>thinking dot com. At that site, you're going to be

0:13:40.160 --> 0:13:43.400
<v Speaker 1>able to find copies of our audio podcast. You're gonna

0:13:43.400 --> 0:13:46.720
<v Speaker 1>be able to see the video series Forward Thinking, which

0:13:46.800 --> 0:13:49.440
<v Speaker 1>is really amazing, and you're going to be able to

0:13:49.440 --> 0:13:52.640
<v Speaker 1>read some blog posts written by these two amazing co

0:13:52.760 --> 0:13:55.240
<v Speaker 1>host of mine, also some written by me as well.

0:13:55.559 --> 0:13:58.920
<v Speaker 1>Uh So, I highly encourage you to go to that

0:13:58.960 --> 0:14:01.960
<v Speaker 1>website check it out. Uh once it launches on March one.

0:14:02.360 --> 0:14:04.880
<v Speaker 1>It's really going to be something special. I'm very excited

0:14:04.920 --> 0:14:07.640
<v Speaker 1>about it, and I'm excited to see the future. Guys,

0:14:07.720 --> 0:14:11.360
<v Speaker 1>hope you are too a little bit kind of Joe

0:14:11.480 --> 0:14:14.840
<v Speaker 1>dout alright, excellent, We're all in agreement here. I hope

0:14:14.880 --> 0:14:16.960
<v Speaker 1>you guys are too out there and we hope to

0:14:17.000 --> 0:14:21.320
<v Speaker 1>hear from you soon. For more on this topic in

0:14:21.360 --> 0:14:30.320
<v Speaker 1>the future of technology, visit forward thinking dot Com, brought

0:14:30.320 --> 0:14:32.840
<v Speaker 1>to you by Toyota. Let's Go Places,