Forbury Investment Network held a successful Investor Briefing on 'Systems for Sustainability: The evolving investor opportunities and challenges of the Industrial Internet of Things' in collaboration with Rushlight Events and kindly hosted by Metro Bank on Thursday 29th September.
The Internet of Things (IoT) is an evolution that has been underway for quite some time, with the disruptive potential of IoT across industry now beginning to be recognised. It is about using new inter-connectivity to enable higher levels of productivity with more effective use of resources; a production process more closely aligned to differentiated customer demand; and resulting new competitive business models. From manufacturing and energy, to agriculture and transport, value can be unlocked from existing assets across the supply chain using real time data.
The Industrial Internet of Things (IIOT), for example, benefits from a number of key drivers, including a rapid acceleration of the number of connected devices, a broader acceptance of open standards and a new affordability of ‘smart’ technology. All this constitutes a serious sustainability dimension: for example, a recent report by Accenture and the Global e-Sustainability Initiative (GeSI) estimates that digital technology and IOT will help deliver a 20% reduction in carbon emissions.
Together with such opportunity comes diverse challenges: online security, privacy, job displacement, ensuring availability of skills, and balancing benefits with the waste, emissions and resource use associated with introducing smart solutions.
With selected experts and practitioners, this event explored and analysed both the investor opportunities and challenges emerging from what is already regarded as the next industrial revolution.
For those of you who would like to view the IIOT presentation from Andy Stanford-Clark from IBM and the subsequent panel discussion, the recordings can be found below.
- Peter Madden OBE, Chief Executive, Future Cities Catapult
- Martyn Atkinson, Director of Change and Digital Metro Bank, Metro Bank
- Susanne Baker, Head of Programme Environment & Compliance, techUK
- Muthukumar Viswanathan, Practice Director Industrial Automation & Process Control and Measurement & Instrumentation, Frost & Sullivan
- Rachel Eyres, Sales Director UK&I, Silver Spring Networks
- Richard Hadden, Investment Director, Breed Reply