German chancellor Angela Merkel was presented with an action recommendation by the Smart Service World – Internet-based Services for the Economy working group at CeBIT. Blue Yonder CEO Uwe Weiss was there. He explains how this subject has the highest priority for Germany as a business location.
The recent importance of the internet of things (IoT) is accompanied by a second important trend: smart services. The potential of smart services is becoming ever clearer, and that includes Germany. As an SaaS provider for predictive analytics, we want to support enterprises in making use of these new possibilities. Industry makes use of smart services when it aligns itself with this digital inter-networking and advances it. Modern technologies are used that connect physical objects like machines and vehicles with software modules and that make the real objects internet-capable.
Networked and technologically up to date
When facilities and cars report their current condition using sensors, that data can be used in their business processes. Forecasts optimize demand planning and spare parts logistics. Customers can be offered the additional services that they need, when they need them, and on time. Enterprise-wide processes can be managed, along with traffic flows. Machines are managed and guided as part of a network using the analysis of sensor data. To do this, the machines have to be able to be connected digitally and embedded in a networked infrastructure. The Smart Service World – Internet-based Services for the Economy working group advances the expansion of digital infrastructures in Germany.
Smart service platforms as a motor of innovation
Smart service platforms provide new technology enterprises with many possibilities for developing and positioning their services and products. The faster and more comprehensively binding standards for data exchange can be developed, the better it will be for Germany to enhance its strengths as a place of innovation, and fully exploit that position. I am happy that German chancellor Angela Merkel personally accepted the action recommendation of the working group at CeBIT, because it shows that the innovative forces of politics and business speak a common language. I am convinced that healthy and productive competition will develop from that foundation. In this way, Germany's economy will remain the decisive driver in international markets over the long-term.