Internet of Things | KPMG | AU

Internet of Things

Internet of Things

Drawing on our deep industry, technology, policy and analytics insights, we assist organisations to better deliver safe and effective IoT solutions.

Our team can assist organisations to better deliver safe and effective IoT solutions.

The Internet of Things (IoT) has been forecast to deliver up to $11 trillion to the global economy by 2025 and up to $120 billion annually to the Australian economy in the same time frame. This is driven by the comprehensive instrumentation and connectivity of everything, with some forecasts estimating there will be up to 30 billion connected IoT devices by 2020 and 300 billion by 2030.

Connecting the physical world to the digital world gives us better visibility over what is happening in our physical environments. It can help us make better, faster decisions, automate processes and enable prediction of future events.

IoT is taking the internet into everything that impacts our lives – from engineering to health, infrastructure, agriculture and more. It is the future of digital connectivity, data accumulation and system efficiencies, but implementation requires sound strategy with a balance between innovation, opportunity and risk.

Business value of IoT

  • Improve process performance
  • Optimise asset utilisation
  • Create compelling customer experiences
  • Develop innovative products and services
  • Reduce business risk
  • Improve the brand
  • Increase stakeholder satisfaction

Our key focus areas

KPMG focuses on major sectors being transformed by IoT including:

  • Smart Cities, including connected campus, transport and infrastructure
  • Smart Power and Utilities
  • Smart Food and Fibre.

We also provide IoT capabilities for financial services, healthcare, mining and defence.

How we can help

Drawing on our deep industry, technology, policy and analytics insights, we assist organisations to better deliver safe and effective IoT solutions. We can help with new markets, strategy and implementation, security, data analytics, local and international policy, growth plans, revenue and tax compliance.

Whilst technology is an enabler of IoT, the impact is so wide ranging across all sectors and industries that it goes far beyond technology considerations. For example, we can work with banks and insurers to design credit and risk products specifically to meet innovation in IoT; local governments to develop Smart City strategies; telcos to design economic models and business cases to support their investment in IoT; and energy retailers to provide IoT security audits of their networks.

Our IoT services include:

  • smart strategy
  • economic model and business case
  • cyber security
  • data and analytics
  • customer experience design
  • vendor sourcing, contract strategy and design
  • IoT solution design
  • operating model design
  • vendor ecosystem navigation and management
  • organisation impact
  • technology enablement.

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