IoT consulting services

Acting as the bridge between the physical and the digital world, IoT offers a huge opportunity for companies. We help clients effectively capitalize on IoT technology and solutions, linking technology, vendors and customers through a holistic business model.

What EY can do for you

IoT describes the connection of devices to the internet using embedded software and sensors to communicate, collect and exchange data with one another. IoT combines connectivity with sensors, devices and people, enabling a form of free-flowing conversation between man and machine, software and hardware. With IoT, the world is wide open, offering a virtually endless array of opportunities and connections at home, at work or at play.

EY offers services covering the following areas and others:

Improving manufacturing and operations

Teaming our manufacturing knowledge and experience with P&G, GE Digital and Microsoft has led to EY Smart Factory, a modern digital platform that brings together leading-practice manufacturing process intellectual property with shop-floor analytics and improvement apps. The benefits provided by Smart Factory include the ability to achieve improved service levels and savings across labor, maintenance, energy, yield loss, rework, warranty and overhead costs, and working capital, enabled by IoT.

Sector-specific offerings are also available. For instance, Intelligent Process Optimization is a licensable product that can be used to improve the crude oil distillation process by improving the most profitable, high-quality yields.

Enabling condition-based predictive maintenance

This concept is built upon continuous real-time monitoring of the critical parameters behind how equipment performs, compared with how it performs normally. Detecting when it deviates from normal behavior allows a company to spot and prevent failure at early stages.

Condition-based maintenance has been effectively used in different industries for decades. What’s innovative in our approach is the application of artificial neural networks to create a “digital twin” of the equipment for comparisons, providing a more accurate prediction and greater lead time to allow maintenance teams to react and prevent issues.

EY has implemented this solution at a top manufacturer of filling and packaging technology.

Detecting and responding to network events

IoT solutions require security, privacy, safety, reliability and resilience. The fundamental mission of a security operations center (SOC) is to detect and respond to events on the network. A highly mature detection and response capability requires tailored network security solutions and a structured team with well-defined responsibilities and processes.

The better the question. The better the answer. The better the world works.

Case study: How data analytics is helping a gas distribution company power more cities sustainably

A city gas distribution company (CGD) moved from intuitive decision-making to a data-driven culture for creating a greener environment.

The better the question. The better the answer. The better the world works.

How does decision-making improve with an integrated data framework?

An integrated cloud-based solution helps in comprehensive data visualization and better analytics.

One of the major players in city gas distribution in India was facing mounting pressure to improve its data management framework. Although the company was growing at a healthy rate and was profitable, some external developments had compelled the company to improve the way it recorded and analyzed data from different parts of the business. External developments included the government’s decision to open the sector to competition, which meant that the company had to improve efficiency in business decision-making. In addition, the company was looking to spread its geographical reach and expand its operations rapidly into new cities across India. The company’s target was to grow the business at the rate of 35% per year, thereby increasing the need for data-driven insights to accelerate the efforts. The volume of data that the company managed continued to rise manifold.

The company’s existing data management framework had several opportunities for improvement. Different parts of the business and different geographic locations were using disparate systems for customer record management, operational records, and other business data. In the absence of a common data framework, there was no uniform way to collect and analyze data from different parts of the business.

Because of lack of an integrated data management framework, the company’s leaders relied heavily on intuitive decision-making. This could potentially cause future problems as the company expanded its geographical reach. Thus, to make informed decisions, the organization’s leaders needed a formal data-driven decision-making framework.

Data driven decision making
Source: EY’s engagement team for an Indian CGD company
Data governance framework
The better the question. The better the answer. The better the world works.

Integrated data management brings transparency and improves business decisions

Cloud-based data management solution helps decode and use data effectively.

Aware of its experience and proficiency in analytics-as-a-service, the company hired EY for implementing a comprehensive data management solution. Some of the core factors behind this decision included EY’s extensive and comprehensive range of data analytics and industry assets, along with its deep understanding of the city gas distribution sector. Also driving the decision was EY’s strong client relationships and the fact that it is the market leader in risk advisory.

As part of the comprehensive solution, EY implemented a solution based on a Microsoft platform. Within the solution, input and output data is integrated on to a cloud platform for data mining and analytics. The solution incorporates dashboards in a mobile platform for top management, employees, and field staff to make decisions based on data analytics.

The EY team leveraged its vast library of analytics and industry assets, developed over the years, and collaborated with Microsoft to build a prototype for demonstrating mutual capabilities. EY built deep relationships with the client across various levels in the organization which helped it stay informed and connected with stakeholders through the pre- and post-deployment periods. EY and Microsoft’s global alliance helped collaborate to propose a technically superior big data and advanced analytics architecture at a competitive price point.

Cloud based data management solution
Source: EY’s engagement team for an Indian CGD company
Cloud based data management
The better the question. The better the answer. The better the world works.

Better decisions help power more contributions for the economy

Improved decision-making has set the path to expand geographical reach and power more cities.

The deployment improved decision-making in the company and paved the path for a data-driven culture. It made operational details more transparent across all business functions. Most importantly, it led to elimination of redundant efforts. The platform has eliminated the need for operations teams to manually collect data and create reports, thereby allowing them to perform high-skill tasks.

With the help of the solution on Azure platform we will now be able to Integrate IT and OT data, derive insights easily and have access to real time insights to respond swiftly and achieve superior business results
Senior executive at the Indian CGD
Benefits of implementing end-to-end data reporting and visualization
Source: EY’s engagement team for an Indian CGD company

With the new digital data transformation, the company is looking to accelerate business growth and contribute to the economy’s empowerment and self-sufficiency.

Advanced analytics architecture

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