Avoiding the ‘watermelon’ effect in the process industry
The major accidents in 2005 at Texas City and Buncefield marked a watershed for the ...
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Real-Time Data for Real-World Decisions
Manufacturing relies on continuous production. Fast, accurate, real-time analytical insights are intuitively recognized as valuable. Many decisions must be made in real-time, so having real-time data will naturally improve those decisions. Actionable, up-to-date metrics create many new benefits, including: Improved OEE and Predictive Maintenance: With real-time equipment analysis based on the most up-to-date data, maintenance […]
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Monetizing Your IoT Project
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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Ten Best Practices for Building Smart City Innovation Labs
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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The Possible Role of IOTA in Industry4.0
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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Overcoming the challenges and threats to effective digital transformation
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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Securing IoT Medical Devices
With the expansion of the Internet of Things come increased cybersecurity concerns. The technology is finding its way into every industry, elevating connectivity and making our lives easier. However, there are downsides to this, and ever-growing connectivity is becoming more of a problem as cybercriminals seek to exploit it. Perhaps this is most visible in […]
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Why your process data is useless
The potential of IoT lies in the right approach, not just the right data For many plant managers, the internet of things (IoT) can at times seem like an industrial get-rich-quick scheme. Sales people will tout an endless stream of benefits of an IoT-enabled device, from high return on investment (ROI) to enhanced operational insight, […]
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IoT Trustworthiness States
Confidence that an IoT system will operate in conformance with requirements results from assurance that several characteristics of the system are compliant with these requirements despite environmental disturbances, human errors, system faults and attacks. These characteristics – security, safety, reliability, resilience and privacy – have been identified by ISO/IEC (JTC SC41), National Institute of Standards […]
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Smart Cities Need Better Self-Storage Solutions
When it comes to smart cities, every industry has to go through a major overhaul: mobility, waste management, utilities, and many more. But it seems the self-storage industry hasn’t yet joined the trend. Busy city dwellers packed in small apartments in dense cities deserve better storage solutions for their things. Enter MakeSpace. “We send an […]
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Water/Wastewater Utilities leveraging IIoT
Growing scarcity of fresh water resources, growth in urban population, environmental regulations and process inefficiencies are all contributing to a dilemma in the Water/Wastewater industry. Connected machines and devices are reshaping the way utilities are operating, allowing them to make smarter and better informed decisions. It is estimated that the amount of energy wasted as […]
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IT/OT convergence: Addressing the perception gaps
IoT can be viewed as an ideal opportunity to bridge the worlds of information technology (IT) and operational technology (OT). IoT projects over the last several years have focused on device onboarding and getting data aggregated into the cloud…usually an IT-managed cloud. Data access and analytical insight from that data has been parsed out from […]
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