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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What are the nine biggest challenges facing the global water industry and what can ABB do to to help resolve them? The world’s population is growing, and so too is the need for water, food and energy. By 2030, there will be 1 billion more people on the planet and global demand for water could […]
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What does it mean to trust someone or something? To my way of thinking, trust is having confidence that a person or organization will take actions that ensure my safety while aligning with my beliefs, expectations, and ideals. In days past, perhaps it was more straight-forward. A ride on the railroad required faith that the […]
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Half the world lives in cities. By 2050 that figure will rise to 70 percent, boosted by the 2.2 billion more people who will live on the planet at mid-century. Cities generate 80 percent of the global gross domestic product and swallow 75 percent of natural resources, producing around 80 percent of global greenhouse gas […]
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Currently, many companies view digital transformation as being technology-driven. Machine learning, cloud architecture, microservices, augmented reality, and IIoT platforms are just some of the technologies driving endless discussion among end users as well as fierce competition among solution providers. Often missing from these conversations is a focus on the human element of digital transformation. Where […]
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