Let’s look at some real-world examples of IoT applications and their benefits.

This diagram focuses on two industries—transportation and logistics and Oil and gas —to illustrate how IoT solutions can reduce costs and improve efficiency. Let’s examine each example in detail.

1. Transportation & Logistics

In this industry, IoT solutions are used to improve the management of vehicles and delivery systems.

IoT Solution:

• Sensors are installed in vehicles to provide real-time data on their state and performance.
• These sensors report on engine health, location, and delivery progress.

Benefits (Payback):

Cost Savings:

• Reduces truck operation and delivery costs by identifying and addressing maintenance issues early.
• Minimises fuel consumption by optimising delivery routes.

Improved Efficiency:

• Reduces delivery disruptions and delays.
• Ensures on-time deliveries and improves overall logistics system performance.

Example in Action: A logistics company uses IoT-enabled fleet management to track delivery vehicles and proactively schedule maintenance, avoiding breakdowns and saving costs.

2. Oil & Gas

The Oil & Gas industry faces unique challenges that IoT can address by enhancing safety and efficiency.

IoT Solution:

• Sensors are deployed throughout an oil rig to monitor critical components.
• These sensors detect potential issues and provide operators with real-time alerts.

Benefits (Payback):

Cost Savings:

• Increases safety by providing early and reliable warnings of potential equipment failures.
• Prevents costly shutdowns by identifying problems before they escalate.

Improved Efficiency:

• Real-time alerts enable quicker responses, reducing downtime and improving time-to-revenue.
• Enhances asset utilisation by ensuring equipment operates optimally (4x improvement).
• Complete data analysis allows for near real-time decision-making and operational adjustments.

Example in Action: An oil rig uses IoT sensors to monitor drill performance and prevent malfunctions, ensuring smoother operations and faster oil extraction.

Key Takeaways

IoT in Transportation & Logistics:

• Reduces costs and enhances delivery efficiency through real-time monitoring of vehicles.

IoT in Oil & Gas:

• Improves safety, reduces downtime, and maximises asset utilisation with real-time alerts and analysis.

Final Thought:
IoT transforms industries by providing actionable data that saves money and improves efficiency. These examples show how IoT can adapt to specific industry needs and bring measurable benefits.

Discussion Question: Which other industries do you think can benefit from similar IoT solutions? Let’s brainstorm together!

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Shah Alam, Malaysia, January 6, 2025 – Favoriot, a leading IoT platform provider, proudly announces its partnership with Cre8 IoT Sdn Bhd on December 12, 2024, an innovative company specialising in delivering Internet of Things (IoT) ecosystems. This collaboration welcomes Cre8 IoT as a Favoriot Certified System Integrator and a key member of the Favoriot Global Partner Program, designed to foster IoT innovation globally.

Cre8 IoT, established on May 5, 2017, has made significant strides in developing IoT solutions that bridge communication, application, data, and analytics, enabling actionable insights for business success. Headquartered in Shah Alam, Selangor, Malaysia, with a presence in India and Singapore, Cre8 IoT has been at the forefront of creating transformative solutions such as:

• Smart Parking Systems
• SME Digitalisation Solutions
• Public and Waste Water Ecosystems
• Agriculture and Healthcare Ecosystems
• Smart Waste Collection Ecosystems
• Transport Management Systems

Favoriot recognises Cre8 IoT’s commitment to innovation, evident in its mission to embed intelligence into objects, connect them to the Internet, and process data to empower informed decision-making. The partnership further aligns with Cre8 IoT’s vision of delivering impactful equipment, solutions, and services that improve lives and communities while driving business optimisation.

Expanding the Favoriot Global Partner Network

Cre8 IoT joins Favoriot’s growing roster of partners who share the goal of revolutionising industries through IoT. As a certified System Integrator, Cre8 IoT will play a pivotal role in implementing Favoriot’s platform in diverse sectors, leveraging its hardware and IoT ecosystems expertise. This collaboration underscores the importance of partnerships in scaling IoT innovations and ensuring their seamless integration into real-world applications.

Mazlan Abbas, CEO of Favoriot, commented on the partnership: “Cre8 IoT has been a supportive and invaluable partner in providing IoT hardware solutions and as System Integrator. We are excited to welcome them into the Favoriot Global Partner Program officially. Together, we aim to expand the reach of IoT innovations and empower businesses globally.”

A Shared Commitment to IoT Excellence

The synergy between Favoriot and Cre8 IoT demonstrates how collaboration can lead to groundbreaking advancements in IoT. By combining Favoriot’s robust IoT platform capabilities with Cre8 IoT’s hardware expertise and diverse ecosystem solutions, this partnership aims to drive innovation across sectors such as smart cities, agriculture, healthcare, and more.

As part of the Favoriot Global Partner Program, Cre8 IoT will contribute to building a connected world in which IoT solutions transform industries, improve efficiency, and enhance quality of life.

Visit FAVORIOT GLOBAL PARTNER for more information about the Program and how to join this growing ecosystem.

About Favoriot Favoriot is a leading IoT platform provider that offers businesses the tools to manage, process, and derive insights from IoT data. The platform supports the seamless integration of IoT devices, enabling enterprises to deploy IoT solutions efficiently and effectively.

About Cre8 IoT Sdn Bhd Cre8 IoT specialises in developing IoT ecosystems that integrate communication, application, and analytics to drive actionable results. With a mission to create impactful solutions for communities, Cre8 IoT is a trusted provider of innovative IoT hardware and services in Malaysia and beyond.

Today, we’ll discuss two critical topics in the digital age: data ownership and the 4 V’s of Big Data. 

This diagram simplifies these concepts, so let’s break them down for better understanding.

1. Data Ownership

Data ownership refers to who has the rights and responsibilities over data. There are four main categories:

1. Personal/Household

• This includes data generated from your personal devices, like your smartphone, fitness tracker, or smart home systems.
• Example: Steps tracked by your smartwatch, or usage data from your smart TV.
• You, as the owner of the device, own this data and can decide how it is used or shared.

2. Private

• This is data collected and owned by companies or enterprises.
• Example: A company’s internal data about its operations, such as sales performance or employee attendance.
• Organisations use this data to improve their services, products, or strategies.

3. Public

• Public data is owned by the government and shared for the benefit of society.
• Example: Data from weather sensors, air quality monitors, or river level gauges.
• This data is often accessible to the public for research, awareness, or planning purposes.

4. Commercial Sensor Provider

• These are entities that deploy, own, and sell data collected from their sensors.
• Example: A telecommunications company selling location data collected from its network.
• They monetise the data by providing it to third parties, such as businesses or governments.

2. The 4 V’s of Big Data

Big Data refers to the massive volumes of data generated by digital devices and systems. It is characterised by the 4 V’s:

Volume

• This is the amount of data, which can be massive in scale.
• Example: Social media platforms generate terabytes of data every day from user interactions.

Velocity

• This refers to how fast or slow data is generated and processed.
• Example: Real-time data from stock markets or traffic monitoring systems must be processed quickly to be useful.

Variety

• Data comes in different formats, such as text, audio, video, or images.
• Example: An IoT platform may process data from sensors (numeric values), surveillance cameras (video), and voice commands (audio).

Veracity

• This addresses the uncertainty or trustworthiness of the data.
• Example: Ensuring the accuracy of user-generated reviews on e-commerce platforms can be challenging.

Why is This Important?

Understanding data ownership and the nature of Big Data is essential for:

• Privacy and Security: Knowing who owns and controls your data helps protect your rights.
• Decision-Making: Leveraging the 4 V’s effectively enables organisations to make informed decisions.
• Innovation: Big Data drives advancements in fields like healthcare, transportation, and smart cities.

Final Thoughts

Data is the fuel of the digital economy, but with it comes the responsibility to manage it ethically and effectively. Whether it’s your personal data or public data shared by governments, understanding ownership and the dynamics of Big Data is crucial.

Let’s discuss: How can individuals and organisations ensure ethical data usage while maximising its potential? Share your thoughts!

[Note: Download the full eBook IoT Notes by Mazlan Abbas]