IoT World 2018 in Santa Clara united thousands of organizations and attendees, hundreds of speakers and exhibitors and dozens of IoT startups. It’s one of those yearly events where you can meet all cross-industry giants at one place – Microsoft, SAP, Avnet, Boeing, UPS, MasterCard, Bank of America, T Mobile, Google, Amazon, Comcast, General Electronics, etc., and take a peek at the image of the future they suggest.
The IoT For All team covered five notable companies that stood out at IoT World this year. I’d like to take a closer look at a different angle and discuss four major cross-cutting themes of the event.
- The power of data
- Building an IoT ecosystem
- Synergy between IoT and other technologies
- Market expansion
Now, let’s move to more details and real business cases.
1. The Power of Data
Data is one of the core pillars in IoT. I’ve already brought up the staggering opportunities IoT data brings to enterprises, governments, and entire countries.
Not surprisingly, data was the center of attention at the event. Speakers and panelists unanimously called data the new gold. Industry leaders envisioned business and industry growth using insights, suggested that companies learn how to understand data and use both new and legacy data, and showed examples with real revenues.
One such speaker was Juan Perez, Chief Information Officer and Chief Engineering Officer at UPS, who showed us how the clever use of IoT data helps UPS save millions of dollars every year.
Juan Perez defined the value of data analytics by a series of insightful examples. At UPS, analysis of sensor data allows them to optimize delivery driver routes, package tracking, and maintenance schedules. This approach helps the company receive impressive bottom line numbers: by reducing one mile per driver a day, for example, the delivery giant saves up to $50 million in the course of a year.
Analytics … is taking raw data and making that raw data be converted into insight, so we can make better decisions. We live by this day in and day out.
– Juan Perez
This vivid example of UPS shows us how a delivery company – and today also a serious technology company – relies on IoT and data strategy not only to improve efficiency, but to completely reinvent operations and processes and reach formerly unavailable performance standards.
2. Building an IoT Ecosystem
The whole event in Santa Clara projected the concept of an IoT ecosystem for over the course of 4 days. Multiple platforms, products, hardware and software, new standards and connectivity solutions, vendors and innovative ideas represent what can be called an emerging IoT environment.
Avnet, one of the leading global technology companies and a chief sponsor of the event, highlighted the importance of building a unified environment and creating an IoT ecosystem.
The post 4 Key Takeaways from IoT World 2018 appeared first on Statii News.
source http://news.statii.co.uk/4-key-takeaways-from-iot-world-2018/
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