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Delivering Business Value with the Internet of Things

Connected VanIn his breakout session, Dr. Alex Bazin, VP, Internet of Things (IoT) explained how IoT is a key accelerator of digital transformation.

The rise of IoT is due to the cost of sensors, bandwidth and of processing having dropped strongly in the past 10 years. But that’s only the start.

According to estimates, in 2020 there will be over 50 billion connected devices and over 44ZB of data. In 2025, IoT will deliver a potential economic impact of 11 trillion USD.

IoT is less about things and more about people and processes. Innovations start with people first, and there are 3 key areas:

  • Human-centric innovation for empowering people
  • Business innovation for the transformative company
  • Social innovation for improving public services

The drivers of IoT are:

  • Changing the business
  • Creating a better human experience
  • Connecting employees to customers more effectively

In order to reach these goals, a digital ecosystem of partners is key.
Fujitsu’s IoT portfolio and ecosystem encompasses: applications, IoT platform, Cloud, infrastructure, networks, devices & sensors and software. This is all underpinned by Fujitsu’s Digital Business Platform MetaArc.

IoT is already touching many aspects of our lives, and it’s only set to become bigger.
Enterprise wearables will surpass lifestyle wearables in the next five years, reaching 6.3B USD in demand. See what Fujitsu has developed in this field at this year’s Fujitsu Forum. In hospitals with an ageing population, there is a concern for patient care; Fujitsu has created wearables to show where patients are and if necessary notify doctors giving them key data.

According to estimates, over 50% of manufacturers in Germany already have some level of IoT in their factories. Fujitsu is working with a large a US manufacturer to optimize their factory and extract far more valuable data. This helps manufacturers change their business models.

Cities and metropolitan areas will drive 25% of total government spending on IoT.
In India, for example, they’re planning smart cities and smart agriculture. In China, with the rise of many mega cities, there are many challenges to be solved with IoT.

Fujitsu has developed the “Hyper Connected Van”, on show at this year’s Fujitsu Forum, to know what spare parts may be necessary for a technician to solve a problem and let a company know key data about their other vans.

The key to getting started with IoT is to begin with a pilot which is all about business value: start small, fail quickly, get it right and scale up quickly.

What do you consider to be the top issues on this topic?
Why not come to #FujitsuForum and discuss with an expert on Nov.18 and 19?

 

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