Internet of Things

The Internet of Things (IoT) extends internet connectivity to a diverse range of devices and everyday things.

These devices utilise embedded technology to communicate, record, and interact with the external environment using the Internet as a means of communication. The connected embedded systems include small micro-controller-based computers that do not require a human interface, but rather function independently. Instead of interacting with a human, these systems use sensors or other advanced detection mechanisms to collect data and communicate that back to a data repository or act upon the data without user interaction.

Features

Allows for devices to send data over the internet without any human-to-human or human-to-computer interaction .
A “thing” can be any object that can be assigned an IP address and can transfer data over a network.
IoT enables efficiencies that were not possible in the past as devices can communicate with each other, create alerts, and take action.
IoT is the backbone of smart cities, which integrate smart devices and smart infrastructure with IT to more efficiently manage a city’s assets.

IoT in practice

PwC worked with a global technology company to develop a value proposition and go-to-market approach for Smart Cities solutions in multiple markets. We developed a rollout plan to train sales force and launch new value propositions.

For a global beverage company, PwC created a sensor-enabled Smart Cooler enabling real-time image processing of inventory and remote tracking of maintenance issues for a global fleet of coolers.

PwC worked with an auto manufacturer to assess key market trends and connected car services components/segments along strategic, operational, and financial criteria to determine attractiveness.

We recommended capabilities and operating model changes required to effectively deliver connected car strategy.

For a large global industrial security systems company, PwC prepared and facilitated a workshop to identify high-potential use cases for IoT product development. We identified IoT innovations for further analysis and exploration. Identified internal stakeholders, market buyers, and end-users of potential use cases.