Report: Developing Internet of Things & Industrial Internet Opportunities
September 1, 2015 | PRNewswireEstimated reading time: 2 minutes
The new report from SogetiLabs follows upon its successful fourfold series on the Internet of Things (IoT) and the Industrial Internet (of Things:IIoT). Both flavors are "two of a kind," transforming the ways in which enterprises operate, collaborate and engage with customers. In this report, the focus is on Sogeti's vision and client experience and opportunities in industrial and consumer markets, and everything in between: from turbines to toothbrushes.
DAYTON, Ohio, Sept. 1, 2015 /PRNewswire/ -- Sogeti's new report, "Connect – Talk –Think – Act; Developing Internet of Things & Industrial Internet Opportunities," does not offer instant recipes for success. That would grossly underestimate the complexity of IoT solutions. Instead it encompasses a clear explanation of IoT opportunities from industrial to consumer markets that are too compelling to ignore. It helps the reader to focus on "Things" from his/her own perspective and develop solutions that will enhance your organization's competitive edge.
"Even though the hype around the so-called internet of Things (IoT) is sometimes deafening, I feel we are just scratching the surface of what will become possible in this Age of Customer Service Innovation. An instrumented, interconnected and intelligent world not only creates tremendous opportunity to make, transport and operate 'Things.' It will also lead to stunningly better products based on real-time insight into how we use them," commented Michiel Boreel, Chief Technical Officer at Sogeti and founder of SogetiLabs.
Advanced Analytics and Sensor Data Brings many new Opportunities
Undoubtedly the most exciting IoT opportunity comes from the insight gained through advanced analytics of collected sensor data. By making products intelligent and interconnected, companies can create value-adding services to better meet customer needs, make product use more efficient and create a far more rewarding customer experience in a true Internet of Things & Services.
"But there's no free lunch! It takes a lot of well-concerted effort to instrument and interconnect our processes, our practices and our lifestyles. Complex trade-offs are required, which already start at the level of sensors capturing the data. Often, 'Things' operate in remote places where electricity and connectivity are scarcely available. Smart decisions must determine what information to keep and what to discard, since realtime data at high sample rates tend to explode quite quickly," said Boreel.
After all the relevant sensor information is aggregated, analyses must fuel insight – preferably predictive – into what is happening and what should be done. Ultimately, effective action is needed, ranging from dispatching a service mechanic, commanding an actuator or instructing a call-center agent to connect to a customer. Creating closed real-time loops like this often prove to be complex, especially with respect to reliability and security.
Continuous research on IOT
The new report features concrete innovations and step-by-step progress made by companies in multiple sectors. It follows a four-part series report on Internet of Things: "Things – Internet of Business Opportunities," "Empathic Things, about the internet in, on and around the human body," "Fourth Industrial Revolution; Things build a bridge between OT and IT" and "SMACT and the City – New Technologies in Urban Environments."
The new report, "Connect – Talk –Think – Act; Developing Internet of Things & Industrial Internet Opportunities," is authored by experts within SogetiLabs and Prof. Dr. Michael J. Capone, Digital Customer Experience expert at Capgemini. All Sogeti publications can be found in Sogeti's online bookstore.
Suggested Items
Cogiscan Collaborates with Koh Young to Unveil How Factory Insights Software Transforms Data Into Action at IPC APEX EXPO
03/28/2024 | Koh YoungKoh Young, the industry leader in True3D measurement-based inspection solutions, is excited to announce Factory Insights, the latest offering from Cogiscan, will be demonstrated alongside KSMART in Koh Young booth 2112 during IPC APEX Expo.
ASMPT to Exhibit Smart Manufacturing at IPC APEX EXPO 2024
03/27/2024 | ASMPTWith its innovative, data-driven Intelligent Factory concept and a comprehensive hardware and software portfolio around SMT production, market and innovation leader ASMPT will be a major presence at the IPC APEX EXPO 2024, the industry’s main event in California.
Semtech Pioneers the Path to 6G with Advanced 5G Wireless Technologies
03/27/2024 | BUSINESS WIRESemtech Corporation, a leader in high-performance semiconductors, IoT systems and cloud connectivity services, unveiled its latest innovations poised to shape the future of 5G and pave the way for 6G.
IDC: Half of Asia’s Top Firms to Embrace AI-Driven Headless BI and Analytics by 2026
03/27/2024 | IDCA recent IDC FutureScape report, IDC FutureScape: Worldwide Data and Analytics 2024 Predictions — Asia/Pacific (Excluding Japan) Implications, highlights that by 2026, 50% of Asia/Pacific-based Top 2000 organizations (A2000) will adopt AI-driven headless BI and analytics with chat, Q&A, and proactive notification functionality, quadrupling the number of users with access to contextual information.
AT&S Well Prepared to Benefit from AI Boom
03/26/2024 | AT&SThe rapid progress in the development of artificial intelligence promises to revolutionize all areas of daily life in the coming years. In order to operate such AI systems, an enormous amount of computing power is required, which is provided by a vast network of data centres.