Smart meters alone will mean huge increases in energy usage data. British Gas expects the data will increase with smart meters from 60 million data points in 2016 to over 140 billion by 2020. Those attending the conference were able to understand how British Gas securely manages the size and complexity of smart data, and how they connect it to everything else they know about their customers to interpret data into meaningful and actionable insights.
The benefit this brings to British Gas is the ability to offer accurate bills to the consumer. However, the exciting part is the data and analytics available to understand consumer behavior. This allows tailored products to be offered to their consumers such as Free Energy Usage on a Sunday.
Another longstanding company, Rentokil, which has been providing services that protect people from the dangers of pest-borne disease since 1925, are now leveraging connected IoT digital devices to deliver new levels of proactive risk management against the threat of pest infestation. For instance, they can map weather patterns with rodent behavior or track swarms of insects as they cross territories.
The cloud-based platform is used by Rentokil to provide visualizations of data from Rentokil’s IoT product roll out. So far, Rentokil has extended its range of connected rodent control products to over 20,000 digital devices, running in 12 countries globally and generating more than three million pieces of data. These IoT units can automatically alert technicians when a rodent is caught, while customers are kept informed through the Rentokil online portal.
So if like me, you thought you have to be working for a new generational digital company to be associated with IoT, think again. It is the longstanding businesses and services leading the way in the IoT 4th industrial revolution.