P&G is at the forefront of digitization among CPG companies with some of their “smart” product launches, however, will they be able to continue to innovate and win in this space?
ThinkEco is a New York City based company in the Internet-of-Things (IoT) and energy spaces. They’ve created a piece of hardware called the “Modlet” which connects to their website and mobile apps, allowing customers to monitor their home appliances remotely. The software allows the user to view their personal electricity consumption, be able to control it, and consequently save energy. More importantly for the fiscally-motivated, it helps significantly reduce the customer’s electricity bill.
OptiRTC is a technology company working to provide innovative solutions for stormwater management to mitigate the impact of increasing numbers of severe weather events.
In 2050, the world will need to produce 70% more food than it did in 2006 to feed the growing population. To meet growing demand, agricultural companies have turned to the analytics and increased production capabilities the IoT can provide. On the other hand, with the mature development of Internet of Things (IoT) technology, the introduction of information and communication technology and automation control technology in farm management has become a recent trend. It is expected that installations of IoT devices for agricultural purposes will increase from 30 million this year to 75 million in 2020, representing a 20% CAGR.