What’s Keeping IoT Executives Up At Night in 2019
The promise of IoT is enormous, from reducing operating costs, to improving workplace safety; yet many
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Edge or Cloud? The Six Factors That Determine Where to Put Workloads
It’s predictable as continental drift: the center of gravity in computing moves every few decades from the center and the edge and back again thanks to changing demands and technological advances. From 1948 to the 70s, centralized mainframes ruled because that’s all there was. Then Intel invested 4004 in 1971 which brought processing power to […]
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Siemens Board Level Perspectives on IIoT & Blockchain
Recently, Lucian Fogoros, Co-founder and Managing Director of IIoT World, interviewed Klaus Helmrich, Member of the Managing Board of Siemens AG and CEO Digital Industries. Some of the questions we asked were crowdsourced. Lucian Fogoros: Industry 4.0 is today mostly about customization of products – how does Siemens see customization opportunities in Industry 4.0 without a […]
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Cultivating Security in the Food Production Industry
In the food production industry, high-tech tools and systems are being used to optimize production conditions. But new technology brings new challenges and risks. The world population is expected to reach 9.8 billion in 2050, according to a study published in 2017 by the United Nations Department of Economic and Social Affairs. The same study also shows […]
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3 Practical Ways to Transform Brownfield Plants into Digital Factories
With the advent of the Internet of Things (IoT), industries around the world are undergoing a major digital transformation. In their 2017 research, Capgemini reported that smart factories could contribute an annual added value of $500 billion to $1.5 trillion to the world economy in the next five years. In parallel, manufacturers predicted that overall […]
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Fueling Widespread Digital Transformation Using Digital Ecosystems
Ready or not, digital transformation (DX) is here and already is revealing its impact on every part of our lives. In some cases, the transformation is obvious. Take the way we call for a ride-share or taxi, find a room to stay, or chat to a robot for your favorite song. These are all part […]
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Why people remain at the heart of the factory of the future
There is no denying that we are well into the swing of the Fourth Industrial Revolution. Early adopters of digitization are already seeing measurable benefits such as increased energy efficiency and quicker troubleshooting which is resulting in less downtime of their assets and a better return on capital expenditure. However, there is still concern that digitization […]
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Missteps to Avoid When Implementing Digital Transformation Strategy
Implementing digital transformation strategy presents many challenges. These can range from having to manage massive revamping of business and work processes to implementing completely new models for customer engagement. Some challenges are understood but still difficult, such as dealing with legacy technology and infrastructure. Many other challenges of digital transformation simply can’t be foreseen, yet […]
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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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Three developments in industrial safety
How Industry 4.0 technology can be used to improve staff safety Increased 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 […]
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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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