One of the biggest challenges in getting funding for an IoT project is being unable to monetize the results. Complete IoT solutions often cost a lot of money – new hardware needs to be purchased and custom software needs to be created. When asked to justify the cost of a solution, many people focus on […]
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It’s no secret that data collection is important for generating valuable insight that helps plant managers improve efficiency in industrial systems. However, what seems unknown to many in the industry is the importance of understanding the context of the data being collected and analyzed. This article explains why applying context to your data is the difference […]
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A new wave of technologies, such as the Internet of Things (IoT), blockchain and artificial intelligence (AI), is transforming cities into smart cities. Many of these cities are building innovation labs and zones as part of their new civic landscape. Smart city innovation labs are vital components of the smart city ecosystem (Figure One). They […]
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Making the most of legacy equipmentAccording to the Annual Manufacturing Report, 2018, four in five manufacturers believe that smart factory technologies will improve their supply chain relationships. The proposed benefits of data collection from smart sensors are huge, but some manufacturers still feel that a smart factory is out of their reach. In this article […]
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Having the right pieces in place, setting reasonable expectations, and a dedication to project initiatives may be the best roadmap to a succesful IIoT implementation. Planning a Digital Transformation We often talk to companies who have predictive and preventative aspirations but who still don’t have machines networked, the necessary IT infrastructure to capture and aggregate […]
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How Industry 4.0 technology can be used to improve staff safetyIncreased productivity is not the only benefit of Industry 4.0. The focus on real-time monitoring and connected technology has allowed plant managers to place greater emphasis on the health and safety of their staff. It’s not uncommon for film stars to injure themselves at work. During […]
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With the long-anticipated roll-out of 5G, there are high expectations for the potential impact of new technologies and business models enabled by these networks. The advent of 5G brings multiple advantages, including greater speed to move more data, lower latency to reduce delays, and the ability to connect more devices. In particular, the industrial IoT […]
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Organizations often perceive cybersecurity as a necessary evil. They know that it’s critical to protect business assets but it’s seldom seen as a driver that helps move the business forward. It’s a checkbox, a requirement that is begrudgingly addressed to reduce risk and remain in compliance.There are massive amounts of dollars and people-hours that go into […]
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Throughout our ten years of working with equipment manufacturers to connect, collect, and integrate operational data with enterprise systems, we’ve seen many trends impacting industrial IoT project success. The world has finally moved beyond most of the technological limitations for building innovative solutions for IIoT. All the necessary tools exist to create connected product systems […]
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Contradictory to the common belief that technology necessary for Industry 4.0 is expensive, the Combine and Conquer report by Accenture found that combining technologies such as AR/VR, big data and machine learning can save large businesses an average of $ 78 000 per employee. Despite Industry 4.0 being far from a new concept, first being […]
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At the time this article was written, the cryptocurrency market showed major losses and is in a bear market now since 2018. The downfall affected all currencies more or less equally. Apart from this commonality, the currencies have very different potentials and use cases. Bitcoin, for example, has already been touted as a candidate for a […]
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IDC estimates that spending on digital transformation will reach $1.7 trillion worldwide by the end of 2019, as businesses deploy new technologies and become more data-driven. However, one of the biggest challenges to organisations reaping the full benefits of digital transformation is that the technologies that underpin many of their data processes have not been […]
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