Nowhere is the need to adopt new emerging technologies like the internet of things (IoT), cloud-based virtualisation, and data modeling more necessary than in the wastewater area.
EDITORIAL: On Wednesday Cisco wrapped up a “great year” in the words of its CEO by preparing to lay off one in every 14 of its workforce (or 5,500 people worldwide). The IT giant is at last turning its guns on the Internet of Things.
In Germany, Industry 4.0 – or the fourth industrial revolution – is one of the hot topics of the day. By connecting the virtual and the physical it promises to open up a whole new world of possibilities for manufacturers to do things better, faster and more efficiently.
Companies don’t make “things”: that is not how most companies view their manufacturing activities. They make products, which is why I prefer the term “Internet of Smart Connected Products”, even though it is a bit of a mouthful.
According to the McKinsey Global Institute, the Internet of Things (IoT) will have a potential economic impact of $3.9 (£2.8) to $11.1 (£7.7) trillion in 2025, which will amount to approximately 11% of the world economy.
Customer contact specialist Sabio recently secured a multi-million pound investment from UK-based growth investor, Lyceum Capital. The company now plans to grow through acquisitions for which it has raised £30 million ($39.40 million or €34.9 million) of available funding.
Crossing the chasm is hard for start-ups, as Geoffrey A. Moore explained so well in 1991. It is also well-known that going from a consulting business model to a product model is really difficult, says Internet of Things (IoT) entrepreneur, Magnus Melander.
It’s all to do with electromagnetic waves and plastic, says Nick Booth. One of the most expensive obstacles in creating smart robots and vehicles is the labour-intensive tedium of connecting all the points of intelligence.
Eric Woods is a research director leading Navigant Research’s coverage of smart cities. He has written numerous reports on the smart city markets and technologies. He has 20 years of experience as an analyst and consultant on new technology trends.
To illustrate the work already being done, Part 2 of this IoT standards article lists five groups that are working to make it easier for M2M applications and devices from different vendors to discover and communicate over diverse networks.
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