5 Trends that will influence the Telemetry Sector in 2020
In this, our latest blog, we look at some of the top five trends and predictions that will influence the Telemetry sector in 2020 - a year that will see the Fourth Industrial revolution gather pace and have a transformative influence on the way we all live and work. Within this, there will be several step changes in supporting telemetry and sensor systems. At its core this will encompass Smart Data Analytics, Industrial Internet of Things (IIOT) 4.0, Cloud Data Analytics, Digital Twin Narrow Band and Cyber Security.
Here are our five trends / predictions for 2020:IIOT will transform how we live and work
Smart cities are already a reality and provide network managers with unprecedented efficiencies and economic opportunities. The use of smart technologies in these places will continue to change the nature and economics of infrastructure in 2020. The benefits range from improved efficiencies and better customer service, through to predictive maintenance that avoids outages.
We also think that Digital Twin will be the natural successor to IIoT simply because, if everything is digitally connected, it is easy to imagine being able to entirely replicate the physical world in a digital landscape. That, of course, relies on telemetry systems such as our TBox and Kingfisher RTU’s that collects the data needed for IIOT and Digital Twin. The latter will give businesses unprecedented opportunities – the models can be used for a variety of purposes from testing new products and strategies in a wide range of sectors to running maintenance simulations. One of the most exciting developments within this area is Cognitive Digital Twin concept, which is an artificially intelligent Digital Twin that has the potential to serve as an 'autonomous maintenance engineer'.
Due to Digital Twins relying on accurate data gathering from Remote Telemetry Units (RTUs) and other sensors, our second prediction for 2020 covers this area:Telemetry will be the bedrock of change
From IIOT to Digital Twin, remote telemetry will underpin many of the changes in 2020. Telemetry involves the use of Remote Telemetry Units and other sensors to collect and measure data at a remote source and then transmit that data to SCADA and PLC systems at a central monitoring station. It is here that the data is collated, stored and analysed to provide facility managers with the ability to monitor environmental conditions or equipment parameters at a remote site or an entire ‘smart city’, and in real time. These systems will be able to analyse data at a speed and depth that humans are incapable of.
A wide range of telemetry sensors are already in use and we think these will continue to revolutionise the space in 2020 as they are rolled out to a wider range of assets. These are already capable of providing a diverse range of data by being deployed as: pressure sensors, torque sensors, temperature sensors, GPS sensors, vibration sensors, strain gauge sensors, weather prediction sensors, voltage sensors, current sensors, resistance sensors and displacement sensors, amongst others.Telemetry will help business make better decisions, quicker
Until relatively recently people made business decisions based on data collected manually and, usually, presented in graphical or report form. It’s no longer practical for people to analyse data themselves due to the volume generated from advances in telemetry and IIoT that stream ‘big data’ in real time. In addition, to protect assets and respond quickly, it is no longer acceptable to wait hours or days for details and/or requisite information that supports a decision. The potential of this change is huge; for example, advances in telemetry will provided businesses with the ability to develop algorithms for rotating equipment such as pumps in sectors such as Water & Wastewater and Oil & Gas in order to detect and prevent failures.
The reality is that most businesses are already sitting on a vast amount of data, although many aren’t yet utilising it to its full potential. We predict this will change in 2020. Having quality data and being able to interpret it quickly using Smart Data Analytics, Industrial Internet of Things (IIOT) 4.0, Cloud Data Analytics and Digital Twin Narrow Band will mean better decision-making and improved results for businesses in 2020.
So, regardless of which asset you wish to track - whether it's internal data sources, pumps, wind turbines, water/wasterwater assets or a wide range of Internet of Things - capturing, storing and using this data is going to present significant opportunities for all organisations in 2020.
Latest developments in cloud services enable highly complex and large amounts of mission-critical data to be stored. That’s one of the reasons why we predict that in 2020 more organisations will switch to cloud rather than in-house data storage. Aside from there being a recent step change in cloud reliability and Cyber Security, the capacity of modern datacentres will facilitate access to innovations such as Smart Data Analytics, support IIOT 4.0, whilst Digital Twin Narrow Band will require the capacity of the cloud to operate to its full potential. Forbes is predicting that 83% of enterprise workloads will be in the cloud by 20201.
Cloud Data Analytics will then help extract insightful information to drive continuous improvements and make a step change in efficiency, whilst helping organisations make better management decisions.
2020 will see more data collected from more assets
Our final thought on 2020 predictions is that more data than ever will be collected and RTUs such as our TBox and Kingfisher ranges will facilitate this. That is good news for all businesses and their customers because, when applied intelligently, data will inform processes and provide management with the insights needed to work more quickly, efficiently, and flexibly.
The vast amounts of data captured from the growth in IOT connected devices will drive demand for cloud computing, not just in 2020, but beyond. Statistics provided by Statista2 predict that the number of connected IoT devices will grow from 26.66 billion in 2019 to 75.44 billion by 2025.
Smart cities provide a good example of the diversity of assets where data can be collected. This can range from water and wastewater assets, transport systems, broadcast equipment and through to smart metering. The fourth Industrial revolution is truly the age of information and it is organisations that can gather, interpret and act on that data that will get ahead.
The need for information gathering and analysis will gain traction in 2020 across a wide range of market sectors. We think that there will be significant opportunities for businesses in broadcast, transport (rail, airports, road networks), oil & gas and power generation (solar voltaic, wind turbines, anaerobic digestion) as well as the advanced manufacturing and industrial sector. The geographically spread assets and multiple process in these sectors will require effective telemetry systems to deal with the huge amounts of data generated.
The technological trends in 2020 will help transform efficiency, save money and improve asset performance. The great promise of the Fourth Industrial Revolution is to improve the quality of life for the world's population and raise income levels. It is, though, based on a foundation of high quality RTU and remote sensors to capture that data.