With technology investment booming, retailers are acknowledging that the adoption of digitisation can play a key role in meeting consumer demands whilst unlocking multiple business benefits.
2018 was a substantial year for digital transformation and with forecasts predicting further increase in IoT adoption, IMS looks towards the future and reflects on a monumental year for company growth.
The IoT industry is booming, with analysts predicting that the global market will grow to around $520 billion by 2021. However, although this growth rate is impressive, in the rush to innovate, businesses risk undoing the progress made by losing sight of the primary objective digitisation was built to address – improving the customer experience.
Today, the world grows enough food to feed twelve billion people – far in excess of the seven billion population – yet more than one billion are underfed. The UN estimates that, on this current path of food consumption and waste, by 2050 we will reach a tipping point, and in order to avert it, food waste per capita must be halved in just 12 years.
Consumer power has often been embodied in the phrase “the customer is always right”, however, in recent years, the influence of consumer trends has grown to have a significant impact on the fundamental processes organisations use to operate.
How can organisations successfully navigate the complex IoT landscape to avoid common pitfalls and ensure effective, beneficial and long-term projects?
With the National Grid generating margin of just 5.1% during winter 2015/16 and an increasingly fragmented production model, innovative solutions that can address both short and long term national and local energy requirements are long overdue.
Legacy infrastructure has a vital role to play in the Industrial Internet of Things (IIoT).
IMS Evolve was at the forefront of the IoT conversation at this year's event in Las Vegas
Amidst all the talk about connected devices, big data and business intelligence, businesses are being bombarded with the message ‘disrupt or be disrupted’.
To derive maximum value from IoT, organisations need to take a step back from the technology and adopt a business first approach.
Call it the Internet of Things (IoT), machine data or sensor driven analytics, but the world has an untapped natural resource, a rich seam of data that can transform every aspect of operational performance.