The introduction of the new research service coincides with the expanding market of what Navigant has defined as the ‘Energy Cloud’
The research arm of professional services firm Navigant Consulting is launching a new research service as part of its Utility Transformations programme.
The Internet of Things (IoT) Research Service provides independent and objective intelligence around IoT applications for utilities, commercial buildings, distributed energy resources (DER), and smart cities.
As connected devices proliferate, IoT will play a pivotal role across a variety of industries and applications. Facility managers, homeowners, utilities, transportation executives, governments, and other entities are already leveraging IoT technologies to provide insights that lead to greater efficiency, automation, security, customer engagement, and occupant comfort—and the adoption of these technologies is expected to expand even further.
“The IoT is like putting together a jigsaw puzzle without any edge pieces. Hundreds of millions of connected devices are expanding rapidly into tens of billions in the coming decade,” says Neil Strother, principal research analyst with Navigant Research. “Communicating devices in the IoT traverse a wide range of industries and sectors—virtually all areas of life can expect to see some form of this connected world.”
The launch of the new research service coincides with the quickly expanding market of Internet-connected devices that support a new digital foundation for the grid, which Navigant has defined as the ‘Energy Cloud’. The emerging IoT touches nearly all aspects of energy generation, transmission and distribution, and consumption.
For utilities, the IoT helps utilities transition into new ongoing advisory and managed services relationships to gain better insight into customer loads and improve customer satisfaction. This new approach to customer engagement will direct behaviour modification, load control, and conservation in concert to maximize reliability and resiliency of the grid.
Navigant Research’s key findings and forecasts about Internet of Things markets include the following:
Each year, Navigant Research publishes more than six IoT reports, which include a comprehensive strategic analysis of the market landscape, key drivers and barriers, as well as detailed market forecasts, segmented by technology, region, and application area.
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