Many proof-of-concept trials are demonstrating potential business benefits for the participants. ARC has examined 24 pilot programs in the aerospace, automotive, chemical, food & beverage, logistics, mining, oil & gas, pharmaceutical and power industries. By examining these PoCs, the primary goal in terms of business value could be determined for each one.
The Supply Chain from farm to table continues to increase in complexity with pressures from changing customer interests, regulatory controls, and global competition. Blockchain can aid in assuring a secure way to achieve traceability.
By offering IoT-enabled condition monitoring, spare parts, and equipment repair services, equipment OEMs can remotely monitor asset health in their customers’ plants, anticipate failures, order the parts, and often execute repairs before the failure occurs.
While “Big Data” has been getting all the attention, analysis of all that data can be improved if it is married with “Small Data.” In the emerging world of an industrial Internet of Things (IoT) – IoT applications used by industry – more and more smart devices with sensors are using Internet protocols to transfer […]
Suppose you’re in logistics for an equipment manufacturer or a maintenance manager in an operating plant, and a geek in your office keeps talking about the Internet of Things (IoT). Here is why you should listen: • The underlying technologies are available with no needed breakthroughs. • The potential business benefits are strong. The technology […]
You probably saw the 60 minutes segment on Amazon with Bezo’s revelation of its drone project. More recently, Fred Smith said FedEx has several drone studies underway. UPS has chimed in too stating it has drone research. Are they all nuts? No. Here is why. During the holiday season, internet purchases were reported to have […]