M2M (short for machine-to-machine, man-to-machine, and mobile to machine) refers to the leveraging of machine connectivity, communications and information technology to 1) automate and enhance business process, and 2) enable or enhance value-added services,. M2M solutions accomplish this by successfully integrating discrete company assets with existing IT systems, thereby facilitating the gathering and sharing of real-time information from every level of the organization.
Across a variety of sectors, the incorporation of M2M technologies into a company’s operations will increase profits by improving efficiencies of energy, time and resources, and by reducing waste.
The M2M industry itself is a growth market for companies along its value chain, and it supports a variety of other growth sectors, such as the IT industry, providing numerous new jobs and revenue.
M2M technology can help the world ‘do more with less’ and represents an opportunity to meet the needs of a growing world. In particular, it can help us to address both higher energy demands and the challenges of urbanization.
M2M can reduce our use of fossil fuels, helping to support emissions reduction goals at the national and international levels.
M2M can provide numerous co-benefits in many industries, including improved safety and reliability
POTENTIAL OF M2M TECHNOLOGY IN KEY SECTORS
ENERGY: A study reveals that M2M could save over 2.0 Gt of Co2e by 2020 in the energy sector by facilitating the adoption of ‘smart grid’ technologies for users large and small, including smart meters and demand-response systems. M2M can also improve the efficiency of energy production and transmission, and can further reduce emissions by facilitating the switch to renewables.
TRANSPORTATION: Another study reveals that M2M could save nearly 1.9 Gt of Co2e by 2020 in the transportation sector by optimizing routes of planes, trains, trucks, and ships to ensure that people and goods are moved as efficiently as possible.
THE BUILT ENVIRONMENT: M2M could save 1.6 Gt of Co2e by 2020 from the Built environment sector by increasing the Energy efficiency of building systems, including heating, cooling and ventilation, lighting, electronics and appliances, and security systems.
AGRICULTURE: M2M could save another 1.6 Gt of Co2e by 2020 in the agriculture sector by reducing deforestation, managing livestock, and increasing the efficiency of planting, seeding, harvesting, fertilizer application and water use—allowing more food to be grown with fewer resources and saving money for farmers.