This is the first in a two-part blog series on trends in next-generation digital efficiency. To learn more, check out the eBook we created in partnership with GE Ecomagination titled, “Digital Efficiency: Driving Decarbonization and Unlocking Business Value Across Industries.”
Looking out across the vast Internet of Things (IoT) landscape, we’re seeing the emergence of digital technologies ushering in a new era of productivity for business and industrial operations, while also enabling new tools to approach global environmental challenges. Digital solutions, enabled by the Industrial Internet, can now lower operation costs, increase output, use natural resources more efficiently, and lower environmental impact enabling tremendous digital efficiency. The transformational opportunities made possible with digital efficiency as a critical differentiator are enormous.
Let’s look at fleet efficiency, for example. In a scenario where just a handful of digital solutions are scaled across key industries, such as fleet management, we estimate a potential return of $81 billion in annual cost savings to businesses, paired with a reduction of 823 metric tons of carbon dioxide emissions per year. Let’s take a closer look at one such solution for improved cost-saving and energy efficiency.
Driving Fleet Efficiency
The big wheels of innovation were turning with a fleet management proof of concept enabled by Intel processors and GE’s Predix solutions for high power and flexibility. In this example, Intel assembled and tested a fleet management system proof of concept that can be customized to easily fit into a wide variety of commercial vehicles including taxis, school buses, and logistic freight vehicles. The architecture features an in-vehicle system based on the Intel Atom processor E3827 and sports data management, telematics, smart surveillance, and mobile applications.
Rather than fleet operators maintaining data manually, this solution collects real-time telematics data from sensors located inside the vehicle and sends it over as an Internet connection to the cloud, where it can be distributed to stakeholders or further processed by the data analytics software. The system gathers data associated with vehicles, terminals, stops, users, and driver schedules, allowing operations to run more efficiently and creating optimized routes.
Additionally, this proof of concept gathers driving pattern data. The occurrences of aggressive acceleration, braking, and turning were reduced by 57 percent, 30 percent, and 17 percent. As a result of the study, the drivers reduced their speed, which improved fuel economy. The application of data-driven insights also helped improve routes and driving behavior, as well as reduce fuel consumption and greenhouse gas emissions.
As we’ve seen, the potential benefits of digital fleet management technologies, enabled by the Industrial Internet, to provide global environmental benefits will be dramatic and provide large market opportunities. Our analysis indicates that by 2030, the global gap between individual country carbon dioxide targets and carbon dioxide emissions is expected to grow to 2.6 Gt CO2 per year by 2030. This means that digital solutions alone have the potential to close nearly one-third of the gap between expected carbon dioxide emissions and stated country commitments!
This is a truly exciting time and the digital efficiency journey has just begun. The time is now for businesses around the world to lead their own digital efficiency revolution to increase their competitiveness and better manage the environmental impact of their operations.