1.2.5 IoE and industries
For organisations to realise the potential value of the IoE, they must focus on the IoE-driven capabilities that most benefit their organisation. This can vary across industries.
Table 3 displays some of the potential uses of the IoE across multiple industries, including manufacturing, energy firms, and retail organisations.
Table 3 The use of the IoE in industries
|IoE capabilities may include real-time, multidimensional data analysis, intergrated video collaboration, and remote tracking of physical assets.||IoE capabilities may include integration of sensor data, ability to direct staff, and predictive analytics.||IoE capabilities may include video, customer behaviour analysis, data analytics and visualisation, and location-based marketing on any device.|
The IoE affects five core priorities of an organisation (Table 4).
Table 4 Core priorities
|Customer experience||Innovation||Employee productivity||Asset utilisation||Supply|
|Improving customer relationships to garner more of the market.||Reducing time to market products and improving product development to meet customer needs.||Providing the ability to be more productive and scalable.||Lowering costs.||Identifying areas of waste and delay, while increasing logistical efficiency.|