Internet of Things, an emerging revolution in the sustainability business space, helping corporates to drive improvements in a wide range of areas, from environmental monitoring to energy management.
Connecting physical objects through a giant network, the IoT technology fetches a level of real-time information never seen before, enabling the potential for unprecedented levels of insight, prediction and real-time control over the production process.
In the last two years alone, 90% of the data in the world has been generated, and this has only accelerated with the growth of the IoT.
According to Microsoft’s corporate VP Vahé Torossian, all of these solutions are possible because of the ecosystem around the data. The biggest challenge is to understand what we are trying to solve.
Torossian, who was speaking in a week where the Campfire blaze in California destroyed 10,000 homes and claimed at least 81 lives, in the deadliest American wildfire of the century, claimed that, armed with appropriate forewarnings through IoT and big data, cities can significantly reduce the impact of future disasters such as earthquakes, hurricanes, and floods. The ability to have a real world and a virtual world that can simulate will be able to help prevent national and international catastrophes.
Adding further, he says, if we think about the catastrophes witnessed in recent times, now we have real-time information that helps us respond to the question, ‘what if something else happens?
Earlier this year, Microsoft announced that it would invest $5 bn in IoT over the next five years. The company believes its IoT platforms can help to unlock the potential of smart cities, driving massive growth in the diverse domains of urban mobility, transportation, energy, buildings, water, and security.