The desire to improve operating efficiencies is one of the main reasons we are starting to witness the proliferation of more manufacturing facilities investing in the IoT (Internet of Things). Many are calling it the fourth industrial revolution, otherwise known as Industry 4.0.
I am always so inspired when I read about the latest smart cities initiatives. From Charlotte, N.C., to Philadelphia, Pa., to Aurora, Ill., it seems nearly every city has a story of how it is trying to better itself, all with the help of the IoT (Internet of Things).
The importance of 5G is going to be profound. And it’s going to be important to the future of the Internet of Things and more specifically within the context of the workplace. The real question then is how might 5G affect workplaces? Even more importantly, how will 5G impact manufacturing?
Sometimes listening to an update call is more than a revenue report update on the recent acquisitions and technology advancements being announced by a company; it’s really about the vision of the leader at the helm. And that was my takeaway after the May 13, Bentley Systems Spring Update conference call for press and analysts. If you listened to Greg Bentley, CEO, Bentley Systems, closely enough you were able to read between the lines and grasp how it plans to move the construction industry forward with a highly informed construction professional using only the best in tech tools to drive infrastructure.
There is no doubt that trends such as urbanization and the adoption of smart technologies are going to change transportation. There are a lot of questions about how urban mobility will change and impact autonomous vehicles. In fact, there is a lot of debate, which is why in this column I will spend time digging into this topic even more.
When you think of cities of the future, what comes to mind? Are we talking about AVs (autonomous vehicles) and transportation? Sometimes we are talking about the future of supply chains and logistics. And other times we are looking at urbanization and how cities are going to adapt.
Let’s be clear about the IoT (Internet of Things): The only constant is constant change and if you blink, you’ll probably miss something. The IoT has created so much opportunity to speed processes up. What’s more, there’s constant data at our fingertips, and people and machines are making rapid decisions based on this realtime data. And as the era of 5G dawns, everything’s about to get even faster.
Many people are just starting to realize some of the challenges facing cities and states as they grapple with ways to solve their various transportation problems. It is without a doubt—one that everyone who lives in a city or commutes to one ought to be interested in. Slightly more than half of all people live in cities today, but that is rapidly changing.
I know I have written about this more than once this year, but it deserves repeating; 5G is going to be something to watch as solutions are developed leveraging its power and speed. What’s more, if you attended Mobile World Congress this year, you heard all the buzz surrounding 5G. I’d go as far as to say that 5G is hot right now. Many companies are chomping at the bit to tell us all about how they’re going all-in on 5G.
I can’t count how many times I have written about AI (artificial intelligence). But for this columns I will address it again in part, because you will be hearing about it for many years to come. The fact is there are many reasons why this is true. AI is changing the nature of the relationship between humans and machines, and that’s a heavy statement with a lot of consequences. It’s for this very reason I believe we need to focus on the question of ethics in autonomous and intelligent systems.