How to breed success in the Integration of Things

Despite rapidly increasing usage of the Internet of Things (IoT), many adopters of the technology are finding the massive amounts of data gained to be of little practical use.


In order to take advantage of their investment, says Bart Schouw, director of IBO solutions, Software AG, companies must be prepared to invest in IoT fully, not just in the bells and whistles.

The goal of implementing an IoT network is to gain insight on things like energy consumption and maintenance levels, ultimately automating decision-making to achieve maximum efficiency and cost-effectiveness.

In order for these benefits to be realised, companies must first make sense of this data through proper context.

Making a good decision requires context – as far as possible – and enriching data with personalised algorithms and enabling fast decision-making with in-memory technology. Context can often be found in the data vaults of the enterprise. Customers and their profiles, the stock levels and other valuable information can all be found in these vaults. Any decision-making will be far more informed by integrating the wealth of insight.

Algorithms are key

Once context has been achieved, the data gathered through sensors has meaningful value, and the doors to real integration and automation are reachable. The key, however, lies in algorithms.

With the right algorithm, the data collected from machines in the field can be used to automatically build maintenance schedules or request more inventory, among many other uses.

Bart Schouw of Software AG says companies must invest in IoT fully, not just the bells and whistles
Bart Schouw of Software AG says companies must invest in IoT fully, not just the bells and whistles

This can only be achieved through investment in a corporation that’s able to create these complex algorithms, as well as the ability to conduct thorough analyses, and continue to evolve, as those algorithms will not be static. They will evolve for a number of reasons, which are often competitive. As soon as any competing companies do the same, a superior algorithms will be required to stand out. This is the essence of digitising a business – it will become an algorithm.

The growing amount of success stories have encouraged an increasing number of companies to start investing in IoT infrastructures. However, far too many have been practicing “innovation on the edge,” which involves small projects focused on experimentation rather than a return on investment.

Nightmare situation

While “innovation on the edge” projects can be useful for companies seeking to get a grasp on IoT, focusing too long on these projects can result in a nightmare situation of costly and confusing patchwork innovations. With companies in many different industries already making significant investments to move forward with IoT, innovation on the edge will no longer suffice.

As soon as a company realises this kind of innovation is not sustainable, it can begin to see the value of investing in a comprehensive IoT solution. They have the option to make themselves more robust – more efficient. They can do more with less and at the same time really derive value by performing an overarching analysis.

Significant and thoughtful investments into IoT, coupled with well-crafted algorithms, make it simple for companies to make sense of the mass amounts of data produced by their machines. By using these technologies to automate decision making, companies can build the ideal IoT environment, nurturing countless solutions necessary for efficiency and cost-effectiveness.

The author is Bart Schouw, director of IBO solutions, Software AG

Comment on this article below or via Twitter: @IoTNow_ OR @jcIoTnow

 

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

AND Technology Research and University of Essex join forces to develop self-powering, battery-less IoT device powered by AI

Posted on: September 24, 2021

Purpose-led technology company, AND Technology Research, is announcing a new partnership with computer scientists from the University of Essex to explore new ways of reducing the amount of power a device needs, while at the same time using energy harvesting techniques to produce truly self-powering devices.

Read more

How can IoT optimise the bearing supply chain?

Posted on: September 24, 2021

In 2020, stock management issues were estimated to cost UK manufacturers 66 billion GBP  because of disruption caused by the pandemic. Consequently, the quest to improve efficiency, cut waste and enhance supply chain operations is one that suppliers know all too well. Here Chris Johnson, managing director at miniature bearings specialist SMB Bearings, explains how the Internet of Things

Read more