Boethel Does Best to Foresee What 2015 Will Bring to Security
Securadyne Systems’ Carey Boethel predicts where the electronic security industry is headed in 2015.
The January edition of SSI includes our annual industry forecast as a cornerstone of our special 2015 Industry Forecast Issue. For the piece, I interviewed more than 20 of the industry’s most knowledgeable market analysts, business experts, security dealers, systems integrators, supplier representatives and trade association directors. Some of their perspectives can be found in the magazine article, with the balance of their assessments appearing in separate blog posts.
Featured in this installment: Carey Boethel, president & CEO of Securadyne Systems
What are some of the major security technology developments you see for 2015?
Carey Boethel: Systems integrators will begin to appreciate and leverage the massive amounts of customer usage data available from the IP-based products that we sell. While the electronic security industry has been notoriously slow to adopt technological innovations, the Internet of Things and Big Data will begin to reshape how products are sold, deployed, serviced and maintained. This process will take time, but we should start to see subtle traction in 2015.
Some players will obviously be much quicker than others to embrace this third wave of IT innovation, and those that do will start to uncover new competitive advantages and innovative ways of creating value for their customers. The implications of the Internet of Things for systems integrators, monitoring service providers and product manufacturers alike are staggering.
Our industry long ago conditioned ourselves to create customer value through device monitoring, and smarter and better connect products will be easy for us to monetize. Enhanced control and optimization of products are benefits that have already emerged with IP, and remote diagnostics is taking hold in the service provider community. Predictive analytics will soon follow.
What are some of the significant market trends you envision for 2015?
Boethel: We expect a high beta in end-user market segment performance; some segments such as primary education are anticipated to retract slightly while others such as oil & gas are likely to expand exponentially. We also anticipate that highly regulated private sector markets will continue investing in compliance. In addition, FERC last month approved NERC’s new CIP 14-1 standard and we anticipate a great deal of activity in the utilities sector relative to compliance.
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