In the public arena, much of the discussion to-date has been about the technology related to IoT and Big Data. We are also starting to see discourse and use cases coming through with regard to actual implementations and benefits to businesses. However, the conversation remains very much in the tactical realm and also largely confined to agendas of CIOs.At the recently concluded Live Worx 2015 conference in Boston, Professor Michel Porter and Jim Heppelmann President and CEO of PTC provided one of the most interesting keynotes I have come across in recent times. They highlighted how IoT enabled connected products are in fact at the heart of competitive strategy of business and also made a number of references to the their recently published HBR Whitepaper – How Smart Connected Products are Transforming Competition. There were many takeaways from the keynote, but two things highlighted to me more than ever the importance of Internet of Things and Big Data Analytics discussions needing to be on the agendas of CEOs and Boardrooms.
“We are reaping some of the benefits we thought we would get from smart grid. We’re not reaping all of the benefits we thought we would get from it,” said Jason Handley, director of smart grid emerging technology and operations in the emerging technology office at Duke Energy. Handley spoke at Energy Central’s Smart Cities Conference in Charlotte this week.
The Australian Government and a host of global technology giants have joined the Communications Alliance Internet of Things (IoT) Think-Tank that will today formally launch a major new industry program to exploit the benefits of IoT for Australian industry.The Bureau of Communications Research (BCR) within the Federal Department of Communications will sit on the Executive Council of the Think Tank, alongside industry heavyweights Intel, IBM, Telstra, Alcatel-Lucent, Huawei, Ericsson and Hewlett- Packard.
The Connected Home was a new zone on display at the 2015 Hong Kong Electronics Fair, providing a glimpse into the future with the application of Internet of Things (IoT) in the home environment. Here are five lessons we took away from the show.
1. Smart Manufacturers will make smart products
Much that is written about home automation focuses on the consumer benefits of IoT, but there are also potential for manufacturers investing in building smart devices to save themselves money in the long run.
While the switch to renewable sources of power, like solar, has great environmental benefits, they are more prone to fluctuations, which makes it more difficult to manage the overall electrical grid. A pilot project in Germany, however, may have found an answer – one that will be in every home.
The idea is that as more homeowners generate at least some of their own energy, by installing solar panels, for example, they can also help stabilize the overall power grid when they have extra energy and the grid is running short. Caterva, a subsidiary of Council Associate Partner Siemens, is already testing the concept in Germany.
One of the primary benefits of Internet of Things (IoT) devices is their ability to collect data that will ultimately help increase efficiency and mitigate problems before they occur.
Now, power companies have begun to take advantage of smart meters, in particular, in order to directly connect with their customers and find out information about their power use. From there, the power company can allocate energy efficiently through a connected smart grid and encourage customers to monitor and reduce their own usage.
Consumers clearly see the benefits offered by home automation but they also have very specific requirements that need to be met before they’d consider investing, a new survey has shown.
The survey, which asked US, UK and German consumers their attitudes towards the smart home, showed that almost half (46 percent) of consumers think smart home devices will become mainstream within five years and revealed a strong preference for smart home solutions that offer tangible benefits.
An increasing number of case studies are emerging to demonstrate the business case and benefits associated with developing smart buildings. According to a new IDC Energy Insights report, leading organizations around the world are encouraged to evaluate their current smart building status and to implement short to medium term plans to capture those benefits. In fact, the new report, Business Strategy: Global Smart Building Technology Spending 2015–2019 Forecast (Doc #EI254932), forecasts smart building technology spending to grow from $6.3 billion in 2014 to $17.4 billion in 2019, registering a compound annual growth rate (CAGR) of 22.6%. The most aggressive adoption will be in Asia/Pacific, North America, and Western Europe.
The California Energy Commission recently announced a proposed award to Robert Bosch LLC for $2,817,566 to demonstrate a high-penetration, renewable-based microgrid. With this award, Bosch plans to demonstrate the effectiveness of its direct-current building-scale microgrid platform in an American Honda Motor Co., Inc., parts distribution center. The project is designed to illustrate the viability and benefits of a commercial-scale DC building grid compared with conventional AC-based grid connected solar photovoltaic (PV) systems or microgrids.
The Bosch DC microgrid project will connect rooftop solar PV arrays to energy-efficient DC lighting, DC ventilation and DC energy storage systems on a 380-volt DC bus to form a DC building grid. The approach is designed to allow commercial buildings to become zero-net-energy users in a cost-effective manner.
In a recent keynote address in Washington, D.C., PG&E President Chris Johns laid out the company’s vision for a 21st-century power grid equipped to maximize the use and benefits of a growing array of advanced energy technologies available to utilities and their customers, from electric vehicles and rooftop solar to smart appliances and battery storage.
Johns spoke at “Powering the People: Connected Conversations,” an event at the Newseum sponsored by the Edison Foundation Institute for Electric Innovation (IEI). Johns is co-chair of IEI’s management committee.
Johns said: “Our customers expect us to develop, build and maintain a grid that allows them to take full advantage of all of the new energy technology that we are seeing today — and in a way that gives them maximum flexibility, maximum choice in how they use energy, and ultimately maximum value. At PG&E, we’re thinking of this type of grid as the Grid of Things.”