Set IoT free, automate your business

by   |    |   4 minutes  |  in Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Mobility, Strategy

Part three of a three-part blog series on enhancing the Internet of Things (IoT): Part one introduced the standard IoT concept, part two explained how to boost analytical and security effectiveness and this part details the boost in delivering efficiency using innovative technologies to automate actions. IoT and the RPA performance boost IoT systems still…

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Internet of Things (IoT)

by   |    |   3 minutes  |  in Asset Intensive, Business Technology, Creativity & Innovation, Digital Transformation, Manufacturing, Research, Service Management, Supply Chain

According to a primary research study of 200 IoT decision makers with industrial companies, about 85 percent of them collect data from sensors on their equipment or equipment they install at customer sites. Industrial companies may be further along with the Internet of Things (IoT) than most other companies because they have, since the 1970s,…

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Benefits of IoT

by   |    |   3 minutes  |  in Business Agility, Business Technology, Creativity & Innovation, Strategy

Part two of a three-part blog series on boosting the Internet of Things (IoT): Part one introduced the standard IoT concept. Part two details the benefits of combining big data, artificial intelligence (AI) and Blockchain with IoT to widen its breadth of application and potential. IoT and quality data analytics We established in part one…

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IoT System

by   |    |   3 minutes  |  in Business Agility, Business Technology, Creativity & Innovation, Strategy

This is one of a three-part blog series outlining the benefits of the Internet of Things (IoT) and how to boost them. The basic premise of IoT is simple, enrich processes by automating activities using an active communications and execution system. But, this system can be boosted by combining other technologies with IoT to realize…

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How to navigate the digital journey in the oil rig industry

by   |    |   4 minutes  |  in Asset Intensive, Business Technology, Creativity & Innovation, Digital Transformation, Events, Mobility, Oil & Gas, Strategy

Getting your business to an automated efficient state of operating its assets while maintaining safe and reliable operations is possible. The oil rig industry agrees that they are not in the forefront of the digital age, as per discussions at the drilling conference in Stavanger last week (Rigg og Borekonferansen). Perhaps this is because the…

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Is your adherence to enterprise asset management excellence really just surface deep?

by   |    |   4 minutes  |  in Asset Intensive, Business Agility, Business Technology, Manufacturing, Oil & Gas, Research, Strategy

Research shows that the fundamentals of asset management and maintenance excellence will remain integral to the optimal performance. Organizations in asset-intensive industries must ensure that their adherence to EAM excellence goes beyond the surface. Enterprise asset management (EAM) excellence can be defined in many ways, but essentially, it is about optimizing the operation of assets…

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evolution of IoT

by   |    |   4 minutes  |  in Asset Intensive, Automotive, Aviation & Defense, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Energy and Utilities, Engineering and Infrastructure, IFS Labs, Manufacturing, Mobility, Oil & Gas, Process Manufacturing, Retail, Service Management, Strategy, Supply Chain

A look at the evolution of IoT and how businesses have used, are using and will be using it to their advantage. The notion of Smart Manufacturing or Industry 4.0 became a popular topic after the international CeBIT fair of 2011, a mere six years ago but a lifetime in terms of technology maturation. By…

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6 business benefits of Blockchain

by   |    |   4 minutes  |  in Business Technology, Finance, Strategy

Blockchain was born to provide legitimacy to its Bitcoin master after the financial cataclysm of 2008. At its heart is a rebellious disdain for central authoritative control, offering instead a decentralized network of self-compliance and regulation. But the servant has become the master, offering business benefits not envisaged during its conception. In fact, it’s nothing…

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Servitization in the commercial aviation and defense industry

by   |    |   5 minutes  |  in Aviation & Defense, Digital Transformation, Research, Strategy

How servitization has affected change in the industry and what’s next for businesses. Tim Baines of Aston Business School will tell you that Rolls-Royce was one of the first to do it, with their ingenious “Power by the Hour” program. But what exactly is “it” that they are doing? Probably best known as performance-based logistics…

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