Macro and Micro Benefits of the Industrial Internet of Things

A glimpse into the near future: By applying the transformative advantages of IoT operations, “smart factories” will bring vast changes and benefits to the price of goods, job types and locations and end-to-end supply chain responsiveness.

This insightful article by Monica Ricci, an Associate Researcher at MachNation is brought to you by IoT Business News. Here, Ricci, who is an IoT business model specialist, focuses on four categories of change targeted by IoT applications:

* Delivering automation and digitization of information
* Asset management and maintenance on the factory floor
* Plant management
* Increased customer satisfaction and competitive differentiation

Continued Progress on Wisconsin Broadband Will Require a Mix of Technologies

Wisconsin’s internet connections, from its most rural settings to under-served neighborhoods in its largest cities, may benefit from a diverse range of broadband technologies, soon to make their way to the Wisconsin Legislature.

In a new article, Tom Still, president of the Wisconsin Technology Council, describes two examples of technologies getting attention in Wisconsin and elsewhere because of their potential for improved connections.

The European Union’s General Data Protection Regulation (GDPR) Law Is Coming: What You Need to Know

The European Union’s General Data Protection Regulation (GDPR) law, which takes effect on May 25, 2018 – just two months away – imposes a strict set of requirements on how and why companies collect and use the personal data of EU individuals. 

For example, this worldwide requirement enables individuals in the EU to limit and control how international businesses collect, process and use their personal information. It allows them to decide what information they share, and it provides individuals with the “right to be forgotten.”

If you currently have EU customer information and don’t comply with the GDPR requirements, you could face fines of €20 million or 4 percent of your global annual revenue, whichever is higher.

If you have EU clients or customers, chances are it will affect you. Read up on GDPR in Adweek this week.

Look Out UPS and FedEx: Amazon May Open Delivery Service

Rumors have it that Amazon is planning a new service called “Shipping With Amazon,” which will pick up packages from manufacturers and retailers and deliver them to consumers. The implication is that UPS and FedEx will face diminishing orders from Amazon while having to gear up to compete with them. Meanwhile, shares of both delivery companies are down.

Look Out UPS and FedEx: Amazon May Open Delivery Service

Rumors have it that Amazon is planning a new service called “Shipping With Amazon,” which will pick up packages from manufacturers and retailers and deliver them to consumers. The implication is that UPS and FedEx will face diminishing orders from Amazon while having to gear up to compete with them. Meanwhile, shares of both delivery companies are down.

The Eight Biggest IT Management Mistakes

Read up to learn “some of the most common IT gaffes include becoming trapped in a relationship with a vendor you can’t shake loose, hiring or promoting the wrong people, and hiding problems from top management until it’s too late to recover,” at CIO.com. 

What Are the In-Demand Tech Jobs for 2018

According to the U.S. Bureau of Labor Statistics, the number of computer and information technology jobs is growing faster than the average for any other occupation. CIO Today tells us what talent they expect to see in 2018. Most in demand: data science, programming, security, content, and social media marketing. 

Telehealth Policy Changes Mean Big Revenue Opportunities for Hospitals

The technology of telehealth is becoming a shining star among hospital administrators and staff. Digital healthcare tools that enable doctors to assess patient needs, and often provide assistance online, have gained an accelerated momentum in acceptance. [Editor’s note: Just this morning, Kaiser Permanante called me with a fascinating update on their new online telehealth services.] 

Medical IoT Legislation Could Boost Device Security… If It Can Get Through Congress

Last month, a bipartisan team in Congress, Dave Trott, D-Michigan and Susan Brooks, R-Indiana, proposed the Internet of Medical Things Resilience Partnership Act. If passed, it will require the Food and Drug Administration to create a working group of cybersecurity experts to recommend voluntary frameworks and guidelines for medical device security.

Government Rollbacks Aside, Renewable Energy Is Here to Stay

The energy marketplace has embraced renewable energy production as part of a balanced portfolio.

As Tom Still, president of the Wisconsin Technology Council writes:
“Despite President Trump’s oft-repeated affinity for coal and a recent spike in U.S. production, energy experts don’t expect a long-term surge in coal production for power plants. There are two main reasons: More natural gas plants are coming on line and renewable sources, mainly wind, are filling the energy gap in many parts of the country.”