Internet of Things (IoT) is the next generation of the internet. It is a global system of IP-connected computer networks, sensors, actuators, machines, and devices. Merging the physical world with the virtual world of the internet and with software enables companies and consumers to create new
services that are founded on web-based business models.
Industry 4.0 describes a new, emerging structure in which manufacturing and logistics systems in the form of Cyber-Physical Production Systems (CPPS) make use of available global information and communications networks. This is done through an extensively automated exchange of information in which production and business processes are matched. The fundamental objective is to utilize the progress achieved thus far in information and communication technologies, as well as technologies expected in the near future for the benefit of manufacturing enterprises. Preparation therefore has to be made for the increasing and consistent embedding of these technologies in production systems and in ever smaller partial systems and components.
The energy world of today is moving towards decentralization and digitalization. Power generation from huge numbers of renewable energy systems and virtual power plants needs to be fed into distribution networks. Stationary storage and electric cars will play a part in supporting the grid and unlocking the higher penetration of renewables. Consumers will use energy in more efficient ways, while at the same time enjoying more functionality and comfort from systems in their homes. The smart home, which takes advantage of internet-based systems, uses information and communication technology to manage energy consumption and control safety and security aspects as well. The integration of communication systems in infrastructure is a key requirement for networking between smart meters, smart grids, smart homes and e-mobility.
In the energy storage space, technology and economics must continue to improve, and business models, use cases, proper verification of safety, performance and reliability, and financing products need to be developed and adopted in the market. In the digital world, the key considerations that must be worked out to foster customer acceptance of smart technologies are the smooth interoperability between these different systems, information security, and data protection to enable optimized operation and performance. Standards will help guide developments in these fields and serve as a reference point for main stakeholders such as customers, financiers and insurers.