The Evolution of the IoT (and Why Software is the Next Big Thing) Tuesday, August 16th, 2016 by Golzar Yaghoubpour
The Internet of Things (IoT) has come a long way since its inception. Believe it or not, it was just 15 years ago that David Brock, co-director of MIT’s Auto-ID Center, authored a white paper, The Electronic Product Code (EPC): A Naming Scheme for Physical Objects, where he proposed utilizing the Internet’s infrastructure to uniquely identify objects.
Fast forward through 2008, when there were more objects connected to the Internet than there were people, to today’s estimate that there will be 50 to 200 billion connected objects by 2020.
This rapid evolution and predicted rate of growth comes as little surprise to those in the business of connected devices. While the consumer IoT hasn’t quite met the lofty expectations created by early cycle hype, the Industrial Internet of Things (IIoT) has quietly taken off as businesses have recognized the value of connected buildings, factories, and assets. In the recent IoT 2020 business report published by Schneider Electric, it was found that 70% of business decision-makers recognize the business value, and greater potential, of the IoT.
All that said, IoT and the IIoT, Industry 4.0, or whatever term you prefer, are really just tidy descriptors for new solutions to age-old problems: how does a business, whether it’s based in a warehouse, office, or retail space, grow more efficient, more safe, and more sustainable?
Addressing these opportunities through connected assets is what often comes to mind. But the software that makes sense of the massive amounts of data collected by those assets is paramount. For Digital Lumens, that’s where LightRules®, our lighting control and business intelligence platform, comes in. Through centralized data analysis and system control, it offers the ability to truly understand how a business is operating and, most important, how it may operate more efficiently.
To see LightRules in action, check out our “Day in the Light” video, which demonstrates exactly how our sensor-based building intelligence can be put to work and why, with so many devices able to be connected, software is the next big thing for businesses seeking to become more productive.