The Internet of Things (IoT) has boundless potential to revolutionize everyday life. According to IHS Markit, in 2015, there were about 15.4 billion connected devices, and this number is to grow to 30.7 billion in 2020 and 75.4 billion by 2025. Regardless of how precise these predictions are, we’re talking about billions of devices at any rate. Capturing the true potential of IoT requires operationalizing the data generated from these billions of devices in context with operational workflows.
Operations Performance Management (OPM) puts the power in the hands of the people, empowering workers to take action based on real-time context-rich information about their smart environment. OPM enables the real-time orchestration of systems, things, and people that unlock the true growth potential of IoT. OPM for IoT systems provides a birds-eye view into discrete built environments, offering smart building and hospital operators the ability to dive deeply into data insights with valuable operational intelligence.
With OPM, operators can implement predictive modeling and conduct self-tuning exercises for their in-building processes and real estate assets, driving better outcomes for businesses as well as better experiences for the tenants residing and working within those buildings.
OPM ensures that all business units within an organization are aligned and working together to achieve core business goals. It enables IoT system managers to establish clear links between operational key performance indicators and critical business metrics. The resulting 360-degree view into an organization helps decision makers evaluate, assess, plan, predict, prepare, and ultimately save on maintenance needs and operational costs.