Nearly 75% of companies have committed to the digital transformation journey, but only 25% have reached more mature levels (see IDC MaturityScape: The Future Enterprise, April 2019). These figures confirm that the digital transformation journey can be difficult, but failing to undertake the initiative can have dire consequences.Recently, Schneider Electric partnered with IDC, a global provider […]
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To keep up in the ultra-competitive industrial landscape, organizations must decide: replace assets altogether, or modernize them to limit the impact of aging. Industrial IoT is one solution to modernize your assets. ReplaceFor most industrial organizations, replacing assets with state of the art machinery is not an option. While this modern machinery will deliver better performance and […]
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Existing maintenance solutions limit production. With the legacy tools and processes at their disposal, manufacturers commonly take reactive or scheduled maintenance approaches that present a multitude of challenges: Existing Maintenance approaches are costly: Up to $1.3M per hour cost of downtime in auto manufacturing (Source: PTC) 10x cost of unplanned downtime compared to planned (Source: ARC Advisory […]
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For many years, industrial control systems—often called “Operational Technology” or OT—have been relatively safe from cyber attacks. The control and telemetry systems used in industrial plants and manufacturing environments were typically placed on isolated or “air gapped” communication networks, and the systems themselves were based on highly specialized operating systems which were difficult to attack […]
Read more →![[White paper] How to determine the economic value of your data](https://iiot-world.com/wp-content/uploads/2020/03/shutterstock_134150393-e1585678416269.jpg)
The importance of data has changed over the years. Initially, data was just the “exhaust” from an organization’s On-Line Transactional Process (OLTP) systems. However as the volume, variety and velocity of the data grew over the past few years, the economic value of data has been transformed by the big data phenomena [1] that has […]
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What happens when technology advancements threaten to automate people’s jobs? That question is on the minds of many as research and development in artificial intelligence and machine learning rapidly advances. Recently ASU received a million dollar NSF Convergence Accelerator Grant to create autonomous systems that are not only more adaptable and efficient in manufacturing environments, […]
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Did you know that, right now, 55% of the world’s total population lives in cities? And that percentage is expected to reach 70% by 2050. That means that urban areas will have no choice but to grow during the next decades. Public institutions and private organizations are working to build what we call the smart […]
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Today, survival of the fittest is linked not to size or strength but to the ability to change — to move quickly, adapt, seize opportunities, and be agile. In addition, competition has never been higher in manufacturing, and with more companies competing for the same customer base, differentiation is a challenge. The ability to innovate […]
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“Having spent, over a decade building machine learning and A.I solutions for E.ON we realized that there is clearly a gap in the technology currently on the market.” TY Burridge-Oakland This gap is the real time machine learning analysis of multi-year data. Seems obvious but due to limitations of data indexing, bandwidth, and internet speeds, […]
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Most organizations lack a methodology for determining the economic value of their data and analytics. But Data and Analytics are unique economic assets that not only never wear out, but they actually can appreciate, not depreciate, in value the more valuable they are used. Learn how your organization can embrace a systematic approach to build out your […]
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Many companies are hoping for strong returns on their Industrial Internet of Things investments—but they’re being surprised by some unexpected deployment costs. One component of Industrial IoT investment is identifying the business value of adopting Industrial IoT initiatives but an equally important part is accounting for hidden costs. Our panelists at IIoT World Days 2020 […]
Read more →The coronavirus COVID-19 pandemic has disrupted cities and communities worldwide. Although cities, communities and governments have some emergency and disaster response plans, the scale of the outbreak has strained their re-sources and capabilities. Smart City technologies, with their innovative digital approaches and impacts, offer the poten-tial to facilitate responses to COVID-19. As a result, municipalities […]
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