IBM Watson IoT lifts KONE’s smart building innovation, helps Fingrid keep the power on

IBM and KONE, announced a multi-year agreement in which IBM will provide cloud-based Internet of Things (IoT) technologies and services to drive innovation in smart buildings.

Through the agreement, KONE will tap into the IBM Watson IoT Cloud Platform to connect, remotely monitor and optimise its management of millions of elevators, escalators, doors and turnstiles in buildings and cities worldwide. The system will analyse vast amounts of data from sensors embedded in equipment helping to identify and predict issues, minimise downtime and personalise the experience for users. Instead of having to call in a service engineer or stick to maintenance schedules, KONE will be able to predict and respond to selected technical issues in real-time, with the ability to run tests remotely and make commands over the cloud.

”Our partnership with IBM is exciting and it is an important stepping stone to deliver the best People Flow experience,” says Henrik Ehrnrooth, president & CEO of KONE Corporation. ”We operate in a connected world and by working with IBM, new solutions like remote diagnostics and predictability means we will deliver even better services to our customers, and great experiences for the people who use our equipment.”KONE_3P8P9492

With real-time insight about the operation of its equipment, KONE’s plans to drive further innovation and develop new solutions and services to improve the flow of people in some of the world’s busiest cities and buildings. Using IBM’s open standards-based Watson IoT Cloud platform, KONE plans to allow a vast developer ecosystem via Application Programming Interfaces (API’s) to build new applications to make a smoother, safer and more personalised people flow experience for building users. For instance, community-based systems could help people pre-order elevators during the busiest times of the day or speed up evacuations during emergencies.

As buildings get taller and taller with the capacity to serve tens of thousands of users simultaneously, there is increased pressure on elevators and escalators to keep people moving smoothly. KONE is leading the way in bringing together technology and innovation to meet the requirements of some of the world’s most ambitious and iconic buildings. Its projects include the Leadhenhall Building in London which features the world’s largest and fastest suite of panoramic elevators; the Makkah Clock Royal Tower Hotel, in Mecca, Saudi Arabia, which is the tallest hotel, clocktower and largest indoor space in the world; and the Jeddah Tower, Saudi Arabia, which at over 1km tall, will be the world’s tallest building when completed.

“Efficient, people-centric cities and buildings are better for business, societies and economies. Central to this is how people move around within them and intelligent systems are poised to make their experience more convenient, intuitive and enjoyable,” said Harriet Green, general manager, IBM Watson Internet of Things. “With IBM’s cognitive IoT technologies, KONE is embedding intelligence across its operations and driving a wave of innovation in smarter buildings.”

Fingrid ELVIS turns to IBM’s Watson to manage Finland’s electricity grid 

Meanwhile in Helsinki, Fingrid (Finland’s main electricity transmission grid operator) has selected IBM Watson IoT technology to help drive transformation in the electricity industry and ensure uninterrupted service for customers.

Using networks of sensors and IBM’s advanced analytics, Fingrid has pioneered a new solution called ELVIS which provides system operators with a consolidated view of the entire electricity transmission grid, from long-term plans to the day-to-day management and maintenance of assets and infrastructure.

Keeping the power flowing through Fingrid’s 14,000 km electricity grid is a daunting task that requires a holistic understanding of grid operations, maintenance and safety issues. As a global leader in electricity transmission management, Fingrid wanted to push the boundaries and find new ways of boosting reliability, controlling costs and supporting better investment decisions.

“Today’s power systems are getting more and more complex. At the same time as there is a growing requirement that power must be available all the time. We must therefore be able to do fast large-scale fault investigation thereby reducing the impact on people and businesses all over Finland,” said Marcus Stenstrand, grid manager at Fingrid Oyj. “We realised that we needed to combine near-real-time big data analytics with external factors such as weather to respond to these kinds of situations better and ensure the highest levels of service for our customers.”

In the past, Fingrid had to collect data from disparate systems and databases manually — which could take days, if not weeks, to get all the information required for root cause analysis. IBM’s IoT based solution increases the automation of the system helping Fingrid to quickly identify issues and optimise maintenance scheduling and management. In addition, by connecting asset information with geographic location and financial data, the company can use sophisticated graphical visualisations to better understand maintenance and operating costs.

“Together, cognitive computing and Internet of Things are poised to transform whole industries,” said Chris O’Connor, general manager, Offerings, IBM Watson Internet of Things. “Nowhere is this more critical than the power industry where outages and system failures can have deep impact across business and society. Fingrid is leading the way using networks of sensors and advanced analytics to infuse the grid with intelligence, making it more resilient, reliable and secure.”

ELVIS = Electricity Verkko Information System solution

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


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

Fuzzy Logic raises €2.5mn to put robots in the hands of operators

Posted on: September 21, 2021

The Franco-American start-up Fuzzy Logic announces a €2.5 million seed round of financing from two European DeepTech funds: 42CAP, an industry-specialised German fund based in Munich, and Karista (via the Paris Region Venture Fund), an early-stage VC firm based in Paris.

Read more

US businesses show IoT investment resilience, despite pandemic

Posted on: September 20, 2021

Despite the adversity caused by the COVID-19 pandemic, grounds for optimism remain for IoT spending in the US.

Read more