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
The Industrial Internet of Things is poised to transform practically all aspects of business. The Internet of Things Institute recently researched and compiled a cross-industry hierarchy of the current top nine applications for IIoT.
Technology often marches ahead of the ability of government regulators to keep up. A prime example is the internet, which surged ahead in its formative days in part because there was an absence of red tape to hold back its pioneers.
Autonomous vehicles are another example. Researchers and industry are racing to develop, test and eventually market self-driving vehicles, from cars to trucks to small sidewalk delivery robots. The trick for government is how to monitor public safety without forcing unnecessary detours to innovation.
Wisconsin Governor Scott Walker issued an executive order on Thursday to create a steering committee, which will look into autonomous cars and connected vehicles.
The committee will research and evaluate all aspects of autonomous cars and submit policy recommendations to the Governor’s office by the summer of 2018.
In healthcare, machine learning may yield fast, accurate insights. But humans are still better able to detect ridiculous anomalies and discover problems that machines have not yet learned to detect.
Artificial intelligence applied to the right tasks can reveal insights that wouldn’t otherwise be surfaced, and do it faster than manual human efforts. But there are still some tasks that humans perform better than machines.
Germany has always been a place for industrial invention and innovation, reflected by the creation of the concept of “Industrie 4.0” by the German Government.
Last week saw Europe’s leading technologists involved in the digitalization of industry bought together at Hannover Messe to showcase their answers to the key question faced by industrial enterprises everywhere: How can I best get my company into shape for the digital future?
But today, the utilities sector is under pressure to simultaneously reduce costs and improve operational performance.
Utilities are a bit late in digital innovations than retail, banking or insurance. With energy getting on the digital bandwagon with online customer engagement, smart sensors and better use of analytics, utilities are now beginning to adopt it.
Agriculture, manufacturing and tourism are the holy trinity of the Wisconsin economy and may always be so, given the state’s rich traditions in all three sectors.
Technology increasingly drives each of those sectors, however, and is slowly building an impressive standing of its own in terms of the jobs and value it adds to the Wisconsin economy. A recent national report makes the case.
The 2017 “Cyberstates” report from CompTIA, the nation’s largest leading tech association, showed Wisconsin cracking the 100,000-job barrier in 2016 for the first time. The report, which draws upon a mix of public and private data, counted 101,542 state tech workers last year compared with 97,633 in 2015.
When President Trump took office in January, the White House web site rolled out a goal consistent with his campaign pledges on the economy.
“To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth,” reads a portion of the page on “Bringing Back Jobs and Growth.”
There’s nothing wrong with ambitious goals: Elected officials often set them to challenge their colleagues, competitors and citizens alike.
Farming is getting smarter every day. From large commercial operations to local organic growers, technology is at the forefront of reducing cost, improving yield and guaranteeing optimal delivery to market. The key ingredient in smart agriculture is data.