Now with technology advancing at great speed, many of the large companies that have already digitized their processes agree with the same question: What is the role of the Internet of things and how can it help in industry and sustainability issues?
The most recent report of the World Economic Forum ‘IoT Guidelines For Sustainability’ yields results that estimate that the industry related to the internet of things —IoT— could add a value of 14 billion dollars between now and 2030; however, the importance of this figure lies in the fact that it is already a tool that has facilitated the technological processes of large companies, which in turn has provided great benefits in the fight against climate change.
For example, today, thanks to automation, it is possible to contribute significantly to energy savings by increasing not only energy productivity in homes, but also reducing costs with a single click and this, thanks to the internet of things.
Now, the internet of things by itself does not give us any statistics and that is where advanced analytics comes in —a comprehensive set of Big Data, Artificial Intelligence, Machine Learning, Continuous Intelligence analytical techniques and methods— with which we can collect massive data that allows us to understand how much energy we are saving or what was the unnecessary energy expenditure.
However, although many IoT devices contribute to the reduction of energy consumption, they also have a very important environmental impact. A study carried out by Accenture ensures that more than 50 million tons of electronic waste accumulate every year. Therefore, it is very important that companies can find a balance between the use of the Internet of Things and the technologies used in their processes.
Thus, the tools of advanced analytics and the internet of things, if used consciously by companies, can help them meet their sustainability goals and contribute to the environment, all part of being clear about the capabilities and tools that each company has, as well as the needs and challenges it faces so that, based on this, a transformation strategy can be developed.