ENERGY 4.0
us but owned by our customers .”
ABB ’ s service is just a tiny piece of evidence of the sweeping impact IoT is having on the energy and utility sector . A report published by market research specialist BCC Research in November last year predicted that the global market for IoT in the area could be worth $ 59.9bn by 2022 , compared to $ 21.4bn in 2017 , representing a compound annual growth rate of 22.9 %.
BCC Research ’ s market analysis included a detailed look at the spending of energy and utility companies and end users on various aspects of IoT technology , such as hardware , software , services and connectivity .
Investment is ongoing for ABB . 16 Collaborative Operations Centres have opened across its range of divisions outside of Power Generation & Water , including in Marine , Mining , Oil & Gas and Pulp & Paper . It is the owner of 70mn digitally-enabled industrial devices , the most of any single entity on the globe , while spend has been committed to securing the safety of the data it generates for its customers .
One issue that arises from managing such a wide net of IoT apparatus
Susan Peterson-Sturm , Digital Lea BU Power Generation & Water
“ Our regional businesses are incredibly close to our customers ”
Susan Peterson-Sturm , Digital Lead , BU Power Generation & Water
18 April 2018