IoT and the Information of Everything
In our recent blog posts, we’ve discussed the predicted impact of IoT on wider enterprise macro trends and specifically, the benefits of IoT when driving traditional IT and operational technology (OT) alignment programmes.
However, the real benefits of IT/OT integration begin to take shape when we apply actionable insights to these solutions, providing real-time information for users across the business - giving them the tools to increase productivity.
At the core of the information of everything (IoE) is the desire to understand your environment in a much more holistic and sophisticated way than has been previously possible: Who and how many are using the environment? How are they using it? What are their needs of a given physical space?
While sensory data has always existed, IoE provides context and clarity to ensure the most salient information is being delivered to the right person in real-time. Through the most advanced software solutions that utilise emerging data classification and data analysis methods, IoE delivers an ambient experience whereby end users can truly understand the physical environment they are in and the opportunities it holds.
A prime example of this is how, integrating wayfinding technology, SmartSpace Plc are able to create friendly web and app interface solutions that connect the physical and digital environment, providing users with smart, frictionless user journeys – a trend we’ll discuss in more detail in our next post.
While data captured through smart sensors provide the end-user with information, delivering a greater and more enriched user experience, it provides decision makers with insights to increase the effectiveness of their environments and strip out wasteful processes.
The application of IoE is limitless; whether being used to enhance the consumer experience of smart cities, improving public services and our own homes or delivering critical productivity solutions to smart commercial buildings – according to Gartner, a market that will see a 1,663% increase in installed IoT sensors over the next 5 years.
It is because of this potential that Gartner predict we will see IoT endpoints (or connected sensors) increase five-fold between 2015 and 2020, from an estimated 4.9 billion to 25 billion units, and in line with this, the Global IoE market will grow at a CAGR of 15.3% over the same period.
Though much of the focus of IoT discussion lies in what the technology can deliver over the next five years, businesses are both generating revenue and streamlining costs today. If you would like to know more about how IoE and intelligent work spaces can deliver value to your business, I encourage you to connect with us via, twitter, LinkedIn
Image Credit @heytowner