24-11-2016 Internet of Things as Enabler for Growth in Energy sector

How could solutions utilizing Internet of Things (IoT) help companies operating in more traditional industries to create incremental customer value? 

This was one of the main questions to be answered in common workshop for companies in Finpro’s Waste to Energy and Bioenergy (W2EB) and Capitalize your knowledge (CYK) growth programs. The target was to find new business models and develop synergies, which would be beneficial for both industries.

After insightful pitching round, group discussions on concrete ideas took place

The topic was seen very relevant and the workshop outcomes were seen highly beneficial. It is considered especially important for SMEs to get involved into IoT to keep up with current development. IoT opportunities for energy companies businesses were concretized with practical examples. As a next step discussions will continue in smaller groups to take business ideas further. The company feedback for the workshop was excellent with overall grade of 4,5/5.

”Workshop was a positive surprise. We have been searching for this kind of solutions and it was good to see that there are excellent IoT companies and promising know-how in Finland” says Hannu Jokinen, Managing Director of Molok. Company provides high capacity waste collection and is a member of Waste to Energy and Bioenergy Growth Program.

”There were both large and small companies present in the workshop. We found good contacts and developed concrete business ideas. This also helps us to present our offering in the right angle, says Juha Istolahti, Sales Manager of Eatech. The Capitalize your Knowledge member company offers customer-based software development covering the whole life cycle from the idea up to maintenance.

More information:

Helena Sarén, Program Director, Waste to Energy and Bioenergy Growth Program, helena.saren@finpro.fi, tel. +358 40 343 3324

Reijo Smolander, Program Director, Capitalize your Knowledge Growth Program, reijo.smolander@finpro.fi, tel. +358 40 552 9681