Business models and market participation for virtual power plants
· Connected Industry

Business models and market participation for virtual power plants

Virtual power plants/pools (VPP), are fast becoming a driving force
in the power industry, due to rising demand for energy and the global turn to renewables. By 2025 there will be 1 billion more people on the planet, all requiring electricity. And by 2040, 60 percent of the power generated worldwide will come from renewable sources, […]

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AR in the Transportation & Logistics Sector: Part 2
· Augmented Reality

AR in the Transportation & Logistics Sector: Part 2

This is the second in a five-part series covering the impact of Augmented Reality on the transportation and logistics industry. As we established in the first part of our new five-part series on Augmented Reality in the Transportation and Logistics sector, this is an industry under-going a great deal of change. A mix of factors are all […]

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Virtual power plants: distributed generation is not a threat, it’s an opportunity
· Connected Industry

Virtual power plants: distributed generation is not a threat, it’s an opportunity

Almost 60 percent of utility executives in 20 countries rank distributed generation as the biggest disrupter to their operations, according to a 2017 survey by Accenture, the global services company. Distributed generation, the executives predict, will reduce their revenues, increase grid faults and erode their business models. But is distributed generation a threat or an opportunity? […]

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How Machine Learning can help SMEs to maximize the value of operational data
· Predictive Analytics

How Machine Learning can help SMEs to maximize the value of operational data

Data generated by manufacturing or process operations, especially time series data, is very rich in information that can provide actionable insights on the current and future health of the production systems and the products they create. As companies start to digitize their industrial operations, they are learning that they are rich in operational data but poor in the […]

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Strategies for Improving Smart City Logistics
· Smart Cities

Strategies for Improving Smart City Logistics

What is City Logistics? Efficient, timely and accurate delivery is a necessity to retailers and logistics providers survival in an Amazon Prime world. Smart Cities goals of livability and sustainability means they want less trucks, congestion and pollution. For all stakeholders to achieve their goals, the only answer is to work together. If cities, retailers, […]

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Monetization of Data in Manufacturing Industry
· Connected Industry

Monetization of Data in Manufacturing Industry

The declining cost and size of sensors and communication technologies boosts the “Internet of Things” (IoT) by leaps and bounds. In 2017 Internet of Things (IoT) and Industrial Internet of Things(IIoT) forecast, Bain predicts that by 2020 annual revenues for the IoT vendors selling the hardware, software and comprehensive solutions would exceed $470B, while General […]

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The predictive power of big data analytics in the IIoT era
· Predictive Analytics

The predictive power of big data analytics in the IIoT era

Fatal flaw of predictive IIoT analytics Most predictive analytics suffer from a fatal flaw: they are confined to historical views. Analysts try everything from machine learning (ML) to traditional forecasting to flashy BI dashboards and visualizations in attempts to estimate details about the future of complex business operations: The predictions fail. A wake does not […]

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Five main qualities of Industrial IoT in the digital power plants
· Connected Industry

Five main qualities of Industrial IoT in the digital power plants

The industrial Internet is about connecting machines with people and services. It is about harnessing big data, analyzing that data and turning it into actionable information. It is about optimizing the plant and production process and about making equipment and service smarter. And, it is about improving collaboration to enhance the expertise of the people […]

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Changing a Lightbulb with a Hammer: Predictive Analytics with Machine Learning
· Predictive Analytics

Changing a Lightbulb with a Hammer: Predictive Analytics with Machine Learning

Machine Learning (ML) isn’t so mystical after all. Machine Learning is a new term that re-packages well-established statistical techniques that have been around for decades. Machine Learning reacts to new information by learning. The “learning” happens by observing the past—sometimes the very recent past. Machine Learning can deliver on the promise of self-adjusting algorithms that […]

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Medication management for patients through IoT-enabled smart pillboxes
· Smart Cities, Buildings & Infrastructure

Medication management for patients through IoT-enabled smart pillboxes

Wisepill Technologies and Aeris recently announced that they are collaborating to help pharmaceutical businesses and healthcare organizations around the world to improve medication management for their patients through IoT-enabled smart pillboxes. Unlike many reminder systems on the market that nag users to take their medicine, the Wisepill system was created to remind users only when […]

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Process Monitoring in the Automotive Industry
· Connected Industry

Process Monitoring in the Automotive Industry

The Internet of Things (IoT) has become inescapable in reports related to IT. Each individual device on the IoT is identified by an individual Internet address, can access through the Internet and can interact with connected information systems. More and more devices are everyday connected to the Internet. According to the latest Gartner study, this […]

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