The internet of things has been explored and developed and continues to grow. With small and big implementations taking place carefully, there is a lot to be said with regard to the projects being undertaken in certain fields.
As of now, Smart city has proven to be the largest it segments with 23pc of the IoT projects underway going down in this category. IoT has taken over from the previously connected industry in 2016. The growth has been driven by the hundreds of projects started by governments and municipalities around the world. Among them metropolitans like Singapore and Barcelona. These cities feature prominent projects and part of the smart city applications include smart traffic. It outlines projects such as traffic systems, traffic monitoring and control as well as parking systems, bus lanes and bike sharing.
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However, there are more unique smart applications such as a smart ferry system and smart bus shelters for waiting passengers. Today, Europe accounts for the most mart city projects at 164 projects being identified.
A Connected Industry
This segment of IoT offers a wide range of connected so-called ‘things’. The most popular of the connected industry applications were the equipment used both inside and outside the factory. It takes place by monitoring non-factory environments. This involves exciting projects like asset monitoring and remote controlled and connected forklifts, drills, cranes and even entire mines and oil fields. For example, the technology giant Cisco has already put in place a connected mining operations project for Rio Tinto in Western Australia.
The smart factory automated and projects were the second most popular applications in the connected industry that included holistic solutions with several elements. Some of the elements include production floor monitoring, wearables on the shop floor, a remote control or automated control quality systems. An example of this is Varroc, an automotive component manufacturer which is using digital factory solutions from Altizon to connect industrial machines in the manufacturing environment. When it comes to the connected industry, the Americas are paving the way for others to follow.
This is the largest segment increase in the number of projects being undertaken since 2016. There has been a 7pc increase with 61pc of the connected building projects being identified and involved in facility-automation to reduce costs of energy. One such example is the Marriott hotels in China which are implementing the automation building solutions which has resulted in the savings of energy costs at 10-15pc. On another note, 39pc of the connected buildings projects are related to building security and 31pc are related to heating and cooling.
Among other leading applications are connected cars which also accounts for the diagnostics and fleet management. The number of connected cars being manufactured, and the projects being undertaken have more than doubled since 2016. Most of the projects are focusing on vehicle diagnostics estimated at 77pc, followed by fleet management solutions at 57pc. An example is TracknStop which is a remote-control software company in the Ireland which has enabled vehicle diagnostic solutions by including real-time tracking, monitoring of the sensor readings and remote-control cars.
Other areas: Business
In the area of business supply chain and logistics have experienced an improvement through a streamlined order processing procedure. Companies like system and SAP participated in making this advancement possible for the cocoa-cola branch in Atlanta Georgia. Coca-Cola managed to replace its manual operations driven by hand to incorporate voice recognition and include inventory shipping and service support in their systems. As a result, the company managed to save a net of $2 million in capital costs and worker productivity improved by 10pc and the outbound accuracy for orders was estimated at 99.8pc.
In Argentina, a video collaboration and protection project being implemented by Cisco and Groupo Calmes is taking place. The Argentinian had several goals in mind like they wanted to train some of their 3000 employees in a large area, with exactly 243 branches at different locations. The idea was to use video to distribute market and sales messages to customers and also protect their employees and visitors 24/7. They managed it by deploying 2600 IP video cameras, adding a new network and digital signs and cybersecurity system that could all be managed from a central location.