[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.the-future-of-commerce.com\/2018\/05\/16\/internet-of-things-digital-transformation\/#BlogPosting","mainEntityOfPage":"https:\/\/www.the-future-of-commerce.com\/2018\/05\/16\/internet-of-things-digital-transformation\/","headline":"Internet of Things: From megatrend to commodity","name":"Internet of Things: From megatrend to commodity","description":"In the factory of tomorrow, machines and devices will work almost autonomously. Today, IoT is an integral part of every digitalization strategy.","datePublished":"2018-05-16","dateModified":"2024-04-18","author":{"@type":"Person","@id":"https:\/\/www.the-future-of-commerce.com\/contributor\/bernd-leukert\/#Person","name":"Bernd Leukert","url":"https:\/\/www.the-future-of-commerce.com\/contributor\/bernd-leukert\/","identifier":285,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d31d2eae999712271f7daf24617c489d5666defe7321140d59d346def5cc0eb0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d31d2eae999712271f7daf24617c489d5666defe7321140d59d346def5cc0eb0?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"The Future of Commerce","logo":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2023\/01\/logo-foc-schema-app-1.png","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2023\/01\/logo-foc-schema-app-1.png","width":172,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2018\/05\/thumbnail-10f8ad9b409bff4315a23f22ceb7d2ae.jpeg","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2018\/05\/thumbnail-10f8ad9b409bff4315a23f22ceb7d2ae.jpeg","height":375,"width":1200},"url":"https:\/\/www.the-future-of-commerce.com\/2018\/05\/16\/internet-of-things-digital-transformation\/","about":[{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/commerce\/","name":"Commerce","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Commerce","http:\/\/www.wikidata.org\/entity\/Q26643"]}],"wordCount":750,"keywords":["IoT | Internet of Things"],"articleBody":"Every year,\u00a0Hannover Messe, the world\u2019s largest industrial trade show, brings together more than 5,000 exhibitors from every corner of the globe. The many conversations I had in Hanover this year with customers, partners, media, and government representatives made clear that the Internet of Things (IoT) has become an integral part of every digitalization strategy.Building on technologyIn its evolution from megatrend to established approach toward realizing digital strategies in a diverse range of use cases, the Internet of Things has grown to encompass various technologies. From sensors to the executive dashboard, many complex technologies, such as protocols, gateways, big data, databases, and smart applications with predictive capabilities are involved to turn bits and bytes into added business value.As everything starts with\u200a\u2014\u200aor rather builds on\u200a\u2014\u200aan open, flexible, and scalable platform that embraces new technologies such as machine learning and blockchain, IoT capabilities have become part of standard offerings on cloud platforms.Identifying business potentialIoT enables companies to establish intelligent services and after-sales products for their customers that complement their existing portfolios\u200a\u2014\u200aone example being the use of predictive maintenance for machines in the B2B sector. With these new services, flexibility and speed come into play for both the customerand\u00a0the customers\u2019 customers.We increasingly see the product becoming the medium used to convey information, prompting machines to act by, for example, initiating a maintenance service or triggering a payment. Since these services are only used on demand, the customer only pays for what they use.The \u201cflexibility\u201d associated with IoT also extends into the realm of contracts and payment models. With services comes data, and these increasing amounts of data in turn lead to new services, such as benchmarking for customers. The result is an intelligent network that benefits all contributors.News from Hanover: Innovating in lockstep with partners and customersThe focus of SAP\u2019s presence at the Hannover Messe this year was on how digital twins are connecting the physical world with the digital world, enabling companies to connect machines within a network across their entire lifecycle.To provide manufacturers with a comprehensive cloud solution, SAP introduced the\u00a0SAP Digital Manufacturing Cloud, including digital manufacturing cloud for analytics and execution.We also\u00a0launched a network of digital twins\u00a0to optimize the asset lifecycle from design to decommission. It synchronizes the virtual, physical, conditional, and commercial definitions of assets or products in real time to accelerate innovation, optimize operating performance conditions, predict service requirements, improve diagnostics, and enhance decision making throughout the value network.Developed by SAP and NTT as a co-innovation project, another impressive solution showed how data can help ensure workers\u2019 safety in potentially hazardous environments.\u00a0SAP Connected Worker Safety\u00a0uses predictive analytics based on sensor data from wearables and the workers\u2019 environment to identify the very first signs of danger in real time.Its application in, for example, the mining industry is a great example of the important and lifesaving difference this solution can make. High levels of blackdamp, an asphyxiant that reduces the level of available oxygen in the air, can quickly lead to critical and life-threatening situations. Equipped with wearable sensors, workers are warned well before any such situation escalates.Staying underground, SAP joined forces with Cargo Sous Terrain to showcase what transportation could look like in the not too distant future\u200a\u2014\u200awith underground tunnels used for the transportation, temporary storage, and resource-efficient distribution of goods, all powered by renewable energy. Moving goods underground\u200a\u2014\u200asous terrain\u200a\u2014\u200aand managing it in a highly-automated manner results in efficiency gains for both companies and people and\u00a0also represents an important step towards to a sustainable future.From robotics and artificial intelligence to big data\u200a\u2014\u200aintelligent manufacturing technologies are hyper-automating our industry and changing our established work structures. How companies\u200a\u2014\u200aparticularly SMEs\u200a\u2014\u200acan benefit from such digital business models was one of the topics discussed at this year\u2019s Leaders\u2019 Dialogue. In addition,\u00a0Plattform Industrie 4.0\u00a0presented the key results and goals of the platform as well as the outcomes of the trilateral cooperation.IoT and Industries 4.0 mark an exciting turning point: businesses worldwide are connecting plants and products, using machine data for predictive maintenance, and developing innovative service models.In the factory of tomorrow, machines and devices will work almost autonomously and Hannover Messe made it very clear that the future is all about\u00a0collaborating and connecting.This post was originally featured on SAP Innovation Spotlight, and is republished here with permission.\u00a0  Innovate with the best.We’ve got the solutions HERE."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"2018","item":"https:\/\/www.the-future-of-commerce.com\/2018\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"05","item":"https:\/\/www.the-future-of-commerce.com\/2018\/\/05\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"16","item":"https:\/\/www.the-future-of-commerce.com\/2018\/\/05\/\/16\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"Internet of Things: From megatrend to commodity","item":"https:\/\/www.the-future-of-commerce.com\/2018\/05\/16\/internet-of-things-digital-transformation\/#breadcrumbitem"}]}]