Goldman Sachs has published a report on the macroeconomic Internet of Things. The large investment bank warned its clients: the Internet of Things will represent the third wave of expansion of the Internet after the web and mobile. Taking figures from IDC, Goldman Sachs expects to see 28 billion connected by object 2020 Its analysts expect profound implications for the industry, not only in technology companies.
The IoT, new sources of revenue for companies
For Simona Jankowski, Senior Equity Research Analyst in the group Global Investment Research at Goldman Sachs Internet of object will be a “mega-trend” in 5-10 years. In his video introduction to the study published by the bank, it points out that the Internet of Things will be a source of opportunities in multiple markets. Smart Home, security cameras, shops, transport, wearables, analysis cites the new opportunity for mobile operators to sell access for cars online. Among the figures compiled by Goldman Sachs, cities will deploy 1.5 billion smart meters, “Wearables” will generate $ 20 billion in sales by 2017 and the equipment connected houses represent an annual turnover of more than $ 12 billion in 2017 for the United States and Europe only.
More efficient industrial processes using the connected objects
Another facet of the Internet of Things, objects connected also represent a source of cost reduction for businesses. Simona Jankowski evokes including reductions in energy consumption related to the installation of sensors in the workshops. Examples cited in the Goldman Sachs study are that Verizon would save 55 million kWh in its 24 data centers thanks to sensors in place and its IoT applications.
Another path to follow for industrial: recast their processes to incorporate the data from sensors. The price of the sensors has been divided by 2 in 10 years and industry will be able to integrate more and more frequently to their equipment to automate or improve their processes. NCR for example, equips its ATMs to be able to ensure a more efficient and cost effective predictive maintenance. Simona Jankowski concludes with challenges that the Internet of Things is still facing. She mentioned the safety aspect of the data and the protection of personal data. Source : “The Internet of Things: The Next Mega-Trend”, Goldman Sachs report, September 3, 2014