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Must be mention to keep some unhappy....
have gone better on the level 2
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Buys taking over on a long way
The Intelligence of Things
Posted by Mark Braund on Apr 7, 2016 7:20:49 AM - By Mark Braund, CEO
Over the past two years we’ve discussed, alongside many other contributors, the potential and transformational impact of the Internet of Things (IoT) on the global digital economy. While IoT has yet to achieve the ‘revolution-level’ disruption being predicted; the rate of application and implementation of IoT solutions is accelerating.
We are already beginning to experience the increasing momentum of the intelligent sensor-connected economy. With a new perspective, that of smarter buildings and smarter spaces comes a new series of commentary; this series will assess what we can look forward to throughout the year and beyond. Furthermore, as we stand at what some call the edge of a 4th industrial revolution, we’ll discuss the transformations and potential benefits facing various industry sectors on the verge of an IoT make-over.
To recap, IoT is having an impact on the economy. Leading businesses, striving to take a position at the forefront of ‘Industry 4.0’ are investing heavily in IoT via acquisitions, investment and product innovations. This, supplemented with government investment; the re-modelling of staple industries – such as energy – driven by consumer demand, is fuelling consumer spending and generating wealth.
One key indicator or economic growth factor driven by IoT is in the labour market. Gartner predict employment in IoT related sectors is to grow 30%, year on year. Further, IoT technologies will drive the largest developments across technology trends enjoying structural growth: trends such as machine learning, cloud, mobile, social media and security. For example, over the last two years, there has been a rapid increase in IoT solutions being deployed to advance business intelligence.
Critically, the mass volumes of disparate data generated via endpoint sensors will require businesses to reassess their big data solutions; from data storage, mining and analysis to data strategy models. This could see new areas such as Data-as-a-Service (DaaS) become a key tool for businesses as they begin to realise the commercial value of their data… whether as a means of generating new revenue streams or by leveraging partnerships along market verticals to create added value propositions.
Infrastructure and telecom providers enabling transfer of this data will benefit too as data consumption soars. A key challenge will be to innovate existing physical infrastructure as the dreaded data capacity crunch threatens IoT development.
Despite challenges, IoT will drive the largest areas of growth in specialist technologies in the new digital economy… but how will we experience these technologies and what are the opportunities for businesses as more connected devices enter the market?
A major benefit of IoT gathering pace at the moment is the potential for transforming working environments; making them more cost effective, intelligent and agile. In fact, Gartner predict smart commercial buildings will account for 35% of the smart city market, driven through BIoT (Buildings Internet of Things) sensors. Between 2015 and 2020, IoT endpoints (or connected sensors) will increase five-fold, from an estimated 4.9 billion to 25 billion units while smart commercial buildings will accumulate 1,663% increase in installed IoT sensors over the same period, from 206.2 million units to 3.43 billion.
A key driver for this growth lies in optimising workplace environments as, currently, typical offices are only 50% utilised. By embedding smart sensors holistically throughout the physical environment, businesses are discovering evolving benefits…
The significant cost saving advantages IoT technologies deliver include anything from increased efficiency through intelligent lighting, energy management systems and workspace productivity to optimising occupancy management and reducing labour costs. In total, Gartner predict business ownership costs to be reduced by as much as 30% through smart machines and industrialised services.
While, the direct cost-saving benefits are substantial, there are far more exciting realities that can be created through intelligent sensors in working environments. Whether it’s retail, office space, manufacturing, public transport, private transport or public spaces – the mass volumes of data being generated throughout working environments will provide both end-users and IT & business leaders with actionable data to improve decision making in real-time.
Gartner expect leading businesses to invest in the alignment of the operational technology (OT) – used to manage the ‘building’ and enterprise information technology (IT), by doing so they will benefit from: greater situational awareness of productivity and performance; the ability to leverage data across OT and IT to support their big data initiatives; condition based maintenance, reduced operational costs, and a myriad of staffing cost based paybacks through establishing a more agile workforce and leaner processes.
Fundamentally, this actionable real-time data will make working environments agile. From ‘true’ hot-desking capabilities to the increased productivity of a ‘live working space’ – or campus-like working environments; business leaders will be able to make agile and accurately informed decisions that will transform the productivity of some of their largest overheads.
In our next post, we’ll look at some of the technologies driving innovations in some of the hottest IoT industries. However, in the meantime, if you would like to know more about intelligent work spaces, I encourage you to connect with us via twitter, LinkedIn or please comment below.
Thank you
Mark