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The digital transformation of our world

The way we live, do things, study, earn a living, and run a business or organisation, has been transformed by digital technology

By: N. Peter Kramer - Posted: Thursday, February 11, 2016

The Internet of Things is one of the key disruptive forces in our economic lifetimes. By placing sensors into a product, it becomes a smart, connected product.
The Internet of Things is one of the key disruptive forces in our economic lifetimes. By placing sensors into a product, it becomes a smart, connected product.

by N. Peter Kramer

Nowadays governments are under pressure to ride the digital transformation wave to accelerate social and economic development and improve competitiveness in their country. 

Moving to a digital economy is a transformative process that happens over time as each participant or community embraces digital change. One of the key elements to this process is connectivity. Connectivity links the computing devices, sensors, and effectors at the edge to the compute and storage facilities housed in a datacenter. A connectivity system includes the edge devices, the network connectivity infrastructure, the datacenter core, and the transformation enablers represented by cloud services, Big Data analytics and the Internet of Things (IoT). 

‘People’s imagination is the real limitation’, I heard once… And may be that is true. 

Internet of Things (IoT)

The Internet of Things is one of the key disruptive forces in our economic lifetimes. By placing sensors into a product, it becomes a smart, connected product. Consequently the IoT will enable better manufacturing processes to be established with higher asset utilisation, better reliability, and new and rapidly deployed functionalities and capabilities. Marketing and after-sales services will be changed. But the biggest change IOT brings is the massive increase in contact with customers.

Looking at the future, it has been predicted that in 2025 about 55% of IoT use cases will come from the business-facing (smart manufacturing, smart city, smart utilities, etc) representing heavy investment to obtain productivity gains, asset management, and competitive advantage. Consumer-facing IoTs will be at 45% comprising smart homes, smart lifestyles, smart cars, etc. It will improve quality of life and sustainability. 

Mobile World Congress – Barcelona : 21-24 February

European Business Review will be present and report!

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N. Peter KramerBy: N. Peter Kramer

Hungarian Prime Minister Viktor Orban will speak today at the National Conservatism Conference in Brussels, a two-day far-right conference

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