The Business Case for Connected Lighting and IoT Services Built on Top
Connected Lighting as the base of IoT systems is in everybody’s mouth. Industry players so far are experimenting with and testing business cases for IoT applications that are built on top of the Connected Lighting infrastructure. Unlike in other industries such business cases – in many cases – are not complete straightforward and require a substantial effort for prototyping and measurement based on the understanding the specific’s customer’s needs. The lecture takes a view on why this is the case and why it seems so tricky to build business cases here. It takes a look at the capital expenditures for Connected lighting solutions and their impact on operational expenditures. It further analyzes the position of multiple type of companies/players in the value chain and delivers a perspective on who is best positioned under what circumstances to build a successful business.
Finally the lecture will cover successful deployments of IoT installations on top of the Lighting infrastructure and elaborate on reasons why such installations have been successful and can be the foundation for a sustainable and successful business model.