Depending upon who you talk to, the internet of things (IoT) is going to increase global economic value from anywhere between $4.5T to $14.4T over the next 8 to 10 years. It is small and ubiquitous items such as smart meters that can energize IoT.  Machina Research estimates that about 55% of the increased global economic value […]
Data science is impacting our personal and business lives in more ways than we can imagine. Totally unrelated areas such as political elections, loan defaulting, credit card fraud, traffic delays (and rerouting suggestions), flu trends, email spam and the list goes on seemingly without end, are leveraging this technology to provide better guidance to consumers […]
According to Goldman Sachs, the Internet of Things (IoT) is going to be biggest wave triggered by the invention of the internet. The 1990s’ fixed Internet wave connected nearly a 1 billion users, while the 2000s’ mobile wave connected another 2 billion+ users. However IoT has the potential to connect 10X as many (28 billion […]
When my elementary school going son walks out to his bus stop in sub-freezing weather, as a parent it is comforting to know that he does not have to wait more than a minute or so for the bus. The school bus now has a GPS tracker which coupled with a smart phone app will tell […]
Future of automotive servicing and preventive maintenance Several months ago there was a news item which compared how Tesla, the electric car company addressed a potential recall situation based on fault detection, with how a traditional car company addressed a similar situation. Tesla released a fix “over-the-air” or OTA – which is essentially a software update, like the […]
According to Goldman Sachs, the Internet of Things (IoT) is going to be biggest wave triggered by the invention of the internet. The 1990s’ fixed Internet wave connected nearly a 1 billion users, while the 2000s’ mobile wave connected another 2 billion+ users. However IoT has the potential to connect 10X as many (28 billion […]
Imagine living in a world of connected things that can intelligently and intuitively respond to what you need and want. Devices in your home and in the world around you could discover one another, connect and interact, while adding personal context to situations, so they work for you. This is being termed as the Digital […]
Maintenance is a significant cost factor in many organizations, and is under constant pressure of cost reduction. Unfortunately, there is also a tendency to only highlight the costs and disregard the benefits of a good maintenance policy. This could be due to the difficulties in rating and estimating the contribution of maintenance to the organization’s […]
In a previous article on internet of things application to track labor efficiency, we have seen how Radio Frequency Identification (RFID) in conjunction with GPS helps with labor cost management. This setup allows the monitoring of labor across the shop floor in order to track amount of time spent in various work zones. This was a […]
In a previous article Internet of things and the missing Malaysian plane we talked about how IoT innovations could have perhaps positively affected the search for the missing plane. Now, after more than a month, unfortunately there are still no certain clues about the whereabouts of the plane. Recently, on the ground, there were a couple of […]
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