Internet of Things is the new sensation in the technology market. Business owners and technology lovers are embracing the presence of new technologies and endeavouring to get the best output from it. Today, most of businesses intend to make their business smart and more organized. We all know that the Internet of Things has limitless potential to revolutionize everyday life and environment we are living. Unknowingly, we are already utilizing technologies in our daily life, and no doubt, the number of connected devices and services is growing exponentially day by day.
In 2015, the total number of connected devices was 15.4 billion, and as per IHS, this number would extend up to 30.7 billion in 2020 and 75.4 billion by 2025. No matter how accurate these predictions are, here we are talking about billions of devices at any rate.
However, to acquire the true potential of IoT, one requires operationalizing of the data generated from devices in context with operational workflows. No, doubt operationalizing data from different types of connected devices, OT, and IT systems is not an easy task. Secondly, the accumulation of data and delivering it to users in real-time and in connection with their operational workflow is more challenging.
Operationalizing IoT Systems Is Challenging
Coming to a very important and one of the hard things in IoT, i.e. operationalization IoT system. Though big data and advanced analytics have assisted us a lot to learn about the dynamic nature of constructed environments; however it has remained a challenge to operationalize the information in the daily work that happens in smart environments (smart towns, smart home, smart hospitals, etc.)
The fragmentation of workflows across multiple systems and the challenges of understanding how people are acknowledging the built environments and massive data flow restricts the meaningful transformation of these aforementioned smart spaces.
Organizations aiming to intertwine people, process and things are required to create a smarter way of working within the built environment. Thus, this situation drags in need of having Operations Performance Management (OPM).
Any idea about Operations Performance Management (OPM)?
Operations Performance Management (OPM) is an essential complement to an IoT deployment. It allows operationalizing and draws continuous business value from IoT systems. We can simply say that it sets power in the hands of the people, enables workers to take action on the basis of context-rich and real-time information about their smart environment.
OPM allows the real-time organization of people, systems and things that explores and initiates the real growth potential of IoT.
Operations Performance Management for the Internet of Things systems facilitates focused view into distant built environments. Not just this, it also allows smart building and hospital operators to analyze the data insights with valuable operational intelligence deeply.
Using OPM, operators can perform predictive modelling and execute self-tuning operations for their real-estate assets and in-building processes. This helps in getting better results for businesses and provides helpful experience for the tenants living and working within buildings. It even assures that all the business units working within organizations are integrated and working together to accomplish core business objectives.
OPM allows IoT system managers to achieve clear links between operation key performance indicators and significant business metrics. Therefore, it is clear that OPM initiates 360-degree view into an organization to help decision-makers in evaluating, assessing, planning, preparing, predicting and eventually saving operational costs as well as maintenance costs.
It’s just not about the platform; applications are designed specifically to acknowledge the big issues faced by smart hospitals and smart building. It enables meaningful digital transformation in hospitals and buildings. For example, in a hospital, OPM has authorized one leading hospital network to decrease code blues by 61 per cent. This has helped another hospital to realize an annual saving up to $2.7 million and a yearly ROI of around 900%.
Operations Performance Management is transforming the way of interactions existing between people and the environment. It provides real-time and context-aware insights into the working of the built environment. Now, health professionals, admins and building operators can answer to patients or tenant’s experience and get suggestions for further improvement in real or near-real-time.
It is now clear that generating connections between people through smart devices can produce a more beneficial outcome for building owners and their operators.
OPM is also helpful for people living, working and receiving care withing built environment.
Thus, it is pretty easy to conclude that OPM help business in realizing their IoT deployment model’s real potentials and it charters a better path for connected smart cities. If you are looking for an IoT service or planning to operationalize the IoT system, then contact us. We’ll guide you and provide the best services to you for the elevation of your business. Together we can create smarter cities, automated and efficient buildings, safer hospitals and workplaces.