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IOT

Disruption viewed through the lens of Darwinism

Innovation is the key word when it comes to survival of the fittest, and this is precisely what gives businesses like Tesla the edge and keeps them relevant. Businesses should make technology their core competence, and be prepared to let their superior products cannibalize their predecessors. Strategy has to be dynamic with the changing environment, aligned with reality and constantly updated by connecting the dots back from what’s happening in the market, rather than being sacrosanct and etched in gold. 

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GE Digital Leads the Future of Remanufacturing

The industrial macrocosm is undergoing a rapid digital transformation lead by technologies such as Internet of Things (IoT) and Artificial Intelligence (AI). These technologies are also driving the ongoing Industrial Revolution. These technologies are being used widely in sectors ranging from Aerospace to Healthcare.

The Industrial Internet of Things especially is making a mark in the manufacturing sector because of its ability to automate processes and connect and control devices. A pocket of the Revolution in the United States of America is stirring at General Electric (GE). We have integrated industrial Internet into our process at a locomotive remanufacturing facility in Grove City, Pennsylvania; paving the way for smart manufacturing.

This has been possible due to our futuristic unit, GE Digital, which develops specialised software and technology to run and integrate IoT with factory machinery. The Internet of Things is an interconnected network of electronics, software, sensors

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GE Digital – Revolutionising Business Processes

The Internet of Things (IoT) is penetrating the industry now more than ever. From wearable devices to components of machines such as jet engines, IoT is being used for performing complex tasks to enhance its efficiency and output. Further, data boffins are analysing and interpreting advanced digital statistics to assist enterprises in their decision making.

IoT and Big Data are redefining lives and bringing back the spirit of competition among businesses. Statistics reveal that nearly 87 percent of the global population is using IoT, and by 2020 its usage is predicted to exceed 50 billion. We at GE Digital understand the need for digital transformation in the remanufacturing industry and are working towards its realisation.

We use GE Digital software to repair freight locomotives and analyse data in real-time. At Grove City, PA Remanufacturing Facility 1,200 engines are manufactured a year, and a software inclusion will cut down the time frame and brings coherence to the operations.

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GE Digital Redefines Remanufacturing with Internet of Things

 

The United States of America, and the rest of the world, is in the clutches of the 4th Industrial Revolution, or Industry 4.0. Industrial ecosystems are becoming smarter, more interconnected than ever. Industries including Aerospace, Automotive, Pharmaceuticals, and Healthcare are adopting futuristic technologies and methods. The era now belongs to machine learning, Industrial Internet of Things (IIoT), Big Data, Cloud, and cognitive computing.

Internet of Things (IoT), especially, has been kernel to the Revolution and to the digital transformation of several technology giants as it helped them realise their vision of smart manufacturing. Several large and small companies across the nation and the world are now emulating the success by choosing IoT for their manufacturing processes.

At GE, we develop advanced software and technologies that enable IoT to control and monitor industrial processes. Simply put, the Internet of Things is a network of electronics, software, sensors, actu

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IoT market spend likely to grow to $1.29 tn in 2020

IoT

Digital technology like Internet of Things (IoT) is poised to transform the way businesses generate and consume data and the worldwide IoT market spend is expected to grow to $1.29 trillion in 2020, says a report.

A key factor driving its adoption is the increasing realisation of the value that IoT brings along with improving the customer experience.

In addition, most businesses today are either at a starting point in their IoT journey or are at some stage considering an IoT deployment which, in turn, will lead to a significant uptrend in the adoption of IoT.

According to an IDC-Aeris report, the worldwide IoT market spend will grow from $625.2 billion in 2015 to $1.29 trillion in 2020, with a compounded annual growth rate (CAGR) of 15.6 per cent.

“Today, IoT has gone way beyond tagging and tracking and has entered diverse domains and is enabling a range of business benefits,” said Rishi Bhatnagar, President of Aeris in India.

Source: http://www.thehindubusinessline.com/info-tec

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