Intelligent CIO Middle East Issue 28 | Page 81

INTELLIGENT BRANDS // Green Technology Research finds energy industry looks to IoT to cut waste ///////////////////////////// Research commissioned by Inmarsat finds major energy companies believe IoT holds the key to improving environmental sustainability and minimising their impact on the environment. E nergy businesses are increasingly looking to leverage Internet of Things (IoT) technologies to manage and minimise the impact of their operations on the environment. This is a key finding from an independent study commissioned by global mobile satellite company Inmarsat, which found that monitoring environmental changes is the biggest driver of technology in the energy sector. Market research specialist Vanson Bourne interviewed 100 energy companies from across the world as part of Inmarsat’s The Future of IoT in Enterprise. It found that ‘monitoring the environment’ is the primary driver of IoT adoption in the sector; cited by over half (51%) of respondents, ahead of ‘identifying cost saving opportunities’ www.intelligentcio.com 44% OF RESPONDENTS STATED THAT THEY HAD ALREADY IMPROVED THEIR ENVIRONMENTAL SUSTAINABILITY AS A RESULT OF THEIR USE OF IOT. (47%) and ‘monitoring customer engagement’ (44%). Moreover, 44% of respondents stated that they had already improved their environmental sustainability as a result of their use of IoT, and a further 36% expected to do so in future, indicating the effectiveness of the technology in this area. Phil Meyers, Vice-President at Inmarsat Enterprise, said: “The energy industry is the biggest net contributor to greenhouse gas emissions globally, and while it has made great strides over the past few years to reduce emissions, there remains much work to be done. Energy companies are coming under increasing pressure from regulators, pressure groups and the general INTELLIGENTCIO 81