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The intersection of IoT and sustainability

Georgia Tech hosts an event connecting the dots between the corporate and societal digital transformations.

Robert Schmid, chief IoT technologist at Deloitte Consulting, at “The Internet of Things (IoT) for Sustainability Is Smart Business” event.
Robert Schmid, chief IoT technologist at Deloitte Consulting, at “The Internet of Things (IoT) for Sustainability Is Smart Business” event.

Last month, Georgia Institute of Technology’s Center for the Development and Application of Internet of Things Technologies (CDAIT) held an international conference titled “The Internet of Things (IoT) for Sustainability Is Smart Business” at the Georgia Tech Research Institute in Atlanta, Georgia. Because the IoT connects a wide range of devices with smart capabilities, it is increasingly seen as a core component of corporate and societal digital transformation, according to CDAIT.

In his presentation at the event, Robert Schmid, chief IoT technologist at Deloitte Consulting, shared a few examples of Deloitte’s experience working with industrial companies to improve profitability through downtime reduction, increased sales and enhanced throughput, as well as through increased efficiencies and reduced waste. The results highlight a credible path forward for businesses of all sizes to improve their operations with IoT-related technologies.

In one of Schmid’s examples, executives at a U.S.-based food packaging manufacturer felt they had reached a plateau with operational improvements and wanted to explore increasing the business performance of their plant through the use of IoT technologies. “Although the plant’s assets already had sensors, the current data being generated by those sensors was not being stored nor [was] easily accessible,” said Schmid. “Therefore, they were unable to monitor operations in real-time and did not have a way to access historical data.”

To address this, Deloitte’s cross-functional team implemented IoT technologies such as a data-streaming architecture, analytics, and sensors to illuminate hidden assets and support condition-based monitoring. The addition of technologies allowed the company to track specific machine performance along the company’s production lines.

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