SAPVoice: How To Drive Meaningful Outcomes With Internet Of Things
According to Sinclair, “IoT isn’t a new business trend. It’s the new way of business.” Sensors and devices are everywhere – in vehicles, home appliances, smartphones, and clothes – producing continuous streams of data. To drive outcomes, we need to understand what data we need and its value. Data science, therefore, is critical to the Internet of Things.
How is the IoT being used in public sector to drive outcomes?
The second speaker, Landon C. Van Dyke of the US Department of State shared concrete examples. His first example of smart meters is a simple showcase with a positive return on investment. With 22,000 facilities and residential units in 274 cities in 190 countries worldwide, the US Department of State spends a lot on electricity, water and fuel. By installing smart meters, power quality meters, and meters on tanks, the US Department of State saved taxpayers a lot. For example, replacing one broken $8 thermometer saved about $50 million per year.