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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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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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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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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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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Common misconceptions about smart manufacturing Machine automation could be compared to the human body. Our eyes are the sensors that monitor operations. Our hands are the actuation to manoeuvre things around us. Finally, our brains are the process control, providing intelligence and managing processes. Traditionally, machines in industrial environments could only provide actuation, but not […]
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As any manufacturing company embarking on a digital transformation journey, you want to be more productive and more energy-efficient — all while managing the unknowns such as unpredictable market conditions, geopolitical/trade impacts, and ever-changing consumer demands. Whether large and small, industrial enterprises are looking to IIoT as a way to handle these variables within the […]
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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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To find value in the massive amounts of data gathered from IIoT platforms, you need the power of advanced algorithms and AI. Which AI technologies or applications have you found to be the most transformative in industry 4.0?Large data platforms like Cloudera provide specific development environments and tools like Data Science Workbench that help build […]
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Fintech is defined by technologies that span the cloud, mobile devices, blockchain, and AI for financial applications ranging from virtual currencies, to payment processing, money transfers, equity trading, and regulatory compliance, among others. There has been spectacular scaling in the sector of late, and today there are no less than 27 billion-dollar valued Fintech companies. Unfortunately, […]
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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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