The technology industry has been talking about automation and the future of work for years, and society has already seen some major shifts in the workplace as a result of automation and robotics technologies. For instance, in 1900, more than 11 million people were employed in agriculture in the U.S.. In 2015, just more than 2 million Americans were employed in agriculture. The shift away from an agriculture economy in the U.S. has happened alongside the rise of machines that increase productivity in sectors like agriculture, manufacturing, and supply chain logistics.
Noone can accurately predict the social and economic impact of the COVID-19 pandemic, but by combining economic scenarios with datasets and prior experience, we can assess its impact on the engineering, manufacturing, and industrial (‘technical applications’) software markets in general, and IIoT (industrial Internet of Things) in particular.
In today’s connected world, factories are smart, cars are smart, buildings are smart, and homes are smart.
Considering how much has changed in the last five years, imagine what’s in store for the IoT (Internet of Things) during the next five years. One change to look forward to is 5G, the fifth generation of wireless technology. Projections suggest 5G will be the fastest generation to roll out globally. With the widespread rollout of 5G, what applications will innovative companies come up with that will enhance life and business in our connected world?
Learning about the IoT (Internet of Things) and how devices and data can improve businesses isn’t reserved for on-the-job training anymore. Universities are realizing the importance of training the next generation of tech leaders within their walls, and there are some really exciting academic programs and industry partnerships to show for it. Going forward, this trend will continue.
With a focus on the IoT (Internet of Things), and other emerging technology, a big trend from Sensors Midwest in Rosemont, Ill., is that sensors are getting smaller and more accurate. This point was never more evident by the number of announcements to support the emergence of new products popping up as of late.
Safety and interoperability are key components of the next generation of transportation, which will feature autonomous capabilities that rely on sensors and other smart devices to connect vehicles to each other and to the surrounding infrastructure.
For manufacturers, a digital transformation often means looking for new ways to leverage technology and IoT (Internet of Things)-derived data to generate revenue. And in many cases this means talking about the next generation of manufacturing. What does this actually look like, and what steps do manufacturers need to take to achieve Industry-4.0 status?
In this column I have been writing about how servitization is an important trend for industrial companies and beyond and how IoT services are creating an outcomes-based economy that benefit tech suppliers and end users alike. Perhaps that’s why it makes a lot of sense to extend the discussion and take a closer look at smart cities and how IoT (Internet of Things) services will play a role in helping cities prepare for a huge upcoming shift—urbanization.
Asset managers who deploy asset-monitoring and management solutions can benefit from realtime data without having to physically monitor their assets, and this remains one of the most common uses of IoT (Internet of Things) technology.
Servitization is a transformation journey. Along this journey, businesses work to develop capabilities for providing services that supplement their traditional product portfolios. In last week’s column I went into great detail to explain these points. So this column, I will give some real-world examples of servitization in action and will offer up what steps manufacturers and other businesses can do to begin their own transformation journey.
The IoT (Internet of Things) is facilitating servitization and a transition toward a more outcomes-based economy. But the real question for you is do you understand how your company can leverage it to help you work smarter, not harder? The other key points that companies need to rethink in today’s connected economy is the way products are designed and manufactured to the way they’re sold, operated, and serviced. And this last point—product servicing—is worth underlining.
The situation last week in Lynchburg, Va., was one no one wanted to read or write about, let alone live through, but it seems Mother Nature has little regard for human comfort and, at times, even human life. Heavy rainfall in Lynchburg put infrastructure back on everyone’s minds, as the potential collapse of the College Lake Dam weighed heavy on the minds of Virginians and Americans everywhere for several days.
Phil Renaud, executive director for The Risk Institute at Ohio State University, joined Peggy Smedley to talk about the epidemic that is plaguing this country: distracted driving. He talked about what needs to be done and the behavioral change that is necessary when it comes to cellphones and driving. They discuss the root cause of distracted driving today and what is coming in the month ahead.
Whether it’s a vending machine, a piece of equipment on a factory floor, or a pacemaker, “it” is probably better off connected. In general, the more data decisionmakers can gather about an object, process, or environment, the better.