Productivity leap with ioT: Visions of the Internet of Things with a special focus on Global Asset Management and Smart Lighting

This publication presents visions and roadmaps for the Internet of Things, focusing on global asset management and smart lighting, with a strong productivity perspective. To maintain welfare and growth in Europe, a substantial productivity leap is needed. The Internet of Things (IoT) - the next step in ICT evolution - will boost productivity and create new business opportunities. In global asset management, productivity improves when downtime of production assets decrease and unnecessary service calls are eliminated. In smart lighting, productivity improves when there is right kind and right amount of light for the task in question. In the future, smart lighting will increase energy efficiency, comfort and introduce "more than light" features such as guidance and wellbeing with the light. In future asset management, equipment in the field will constantly monitor, adapt and report their state to service ecosystem and in the case of mechanical failure, outworn parts are made locally utilising additive manufacturing methods. There will be 50 billion connected devices by 2020, generating vast amounts of information. The real-time and openly available sensor information will offer immense benefits for business by enabling faster decision making, real-time control, enhanced operational efficiency and new business models.