In 2017, participants in the Geneva IoT Week developed an international declaration on the Internet of Things for Sustainable Development. The United Nations (UN) has determined 17 Sustainable Development Goals (SDG) which helps the world to guide with what is important. The University of Cambridge has simplified the UN model and grouped particular SDG’s into a six-ambition mode.
According to experts, the IoT is needed in e.g.:
What technologies are already in use?
1) The most common are environmental monitoring and forecasting sensors. They measure temperature, humidity, and concentration of chemical pollutants in the air, water, and soil, as well as check for noise, radioactive pollution and more.
2) Smart collection and recycling of municipal waste. Using the IoT, it is possible to monitor the fullness of waste bins and call an operator to clean them in good time.
3) The IoT in agriculture helps ensure the environmental safety of products and improve their quality. Farmers do this by tilling the land, selecting fertilisers for the plants, etc., based on regularly updated detailed data on soil quality.
4) The smart home/city/plant helps to conserve nature by reducing energy consumption. This part is most attractive to businesses and ordinary city dwellers alike.
The path to innovation is laden with unique and often substantial cost drivers that set these ventures apart from their more conventional counterparts. To handle these costs effectively, you need to understand them clearly and plan your finances and resources carefully.
At a later stage we will provide a series of postings on how to build and maintain your company’s dashboard. Most importantly, we cover how to use it. The most eloquent dashboard does no good if it is not properly used.
As a Management Team, you need to make the dashboard the central point of engagement.
If your startup is getting acquisition interest, congratulations! But should you sell to a private equity firm or a strategic buyer? Private equity (PE) firms and strategic buyers have fundamentally different financial approaches to M&A. This is because of their contrasting goals, investment strategies, and operational priorities.