Research by the U.S. Dept. of Transportation NHTSA (National Highway Traffic Safety Admin.) has shown that vehicle crashes are almost always caused by driver error. For instance, when a sample of 5,470 crashes was investigated over a period of two-and-a-half years, NHTSA said drivers were responsible about 94% of the time, while a vehicle component’s…
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. The ability to gain visibility into an asset’s status, location, health, and/or performance without actually being in front of it…
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…
Gone are the days when the IoT (Internet of Things) and the digital transformation that often accompanies it were optional. Today, if enterprises aren’t looking at the ways they could streamline processes, gain efficiencies, and harness data in their businesses, they’re missing out. Chances are their competitors aren’t making the same mistake. The IoT value…
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…
As the physical and digital worlds continue to collide thanks to the IoT (Internet of Things), many forward-thinking businesses are looking to compete in a connected world by offering services in addition to (or in lieu of) products. The injection of data into industrial workflows and processes is making services like business intelligence and analytics,…
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…
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…
Enter the IoT “Point sensors have long played a role in monitoring pipelines in SCADA (supervisory control and data acquisition)-based architectures that monitor the pipeline at discreet locations along its path, looking at measurements such as pressure, temperature, and flow,” say Hines and Williams. “CPM (computational pipeline modeling) software can look at these measurements and…
Enter the IoT “Point sensors have long played a role in monitoring pipelines in SCADA (supervisory control and data acquisition)-based architectures that monitor the pipeline at discreet locations along its path, looking at measurements such as pressure, temperature, and flow,” say Hines and Williams. “CPM (computational pipeline modeling) software can look at these measurements and…
