Benjamin Franklin enjoyed this old proverb: “A little neglect may breed mischief. For want of a nail, the shoe was lost. For want of a shoe the horse was lost, and for want of a horse the rider was lost.”
It’s no secret that data collection is important for generating valuable insight that helps plant managers improve efficiency in industrial systems. However, what seems unknown to many in the industry is the importance of understanding the context of the data being analysed.
Asset and service data will have a gravitational pull beyond service departments, putting a new business lens on enterprise performance, according to a new global research. The report, “The Rise of Asset and Service Data Gravity”, has been conducted by Vanson Bourne
As industrial automation continues to digitse, one area in particular is becoming a critical area of concern– unplanned downtime. The shift to outcome-based business models, IoT sensors on connected equipment, and of course, the pervasive and increasing reliance on machines, are all adding to the pressure to avoid outages. Mitigating downtime is a critical, strategic priority in the [...]
The Industrial Internet Consortium (IIC™), an organisation that transforms business and society by accelerating the Industrial Internet of Things (IIoT), announced the Digital Solar Plant testbed.
GE unveiled expansions to its suite of edge-to-cloud technologies and industrial applications, designed to help its customers build a complete asset strategy.
PTC has been named Best-in-Class for IoT Platforms for Rapid Deployment by the CXP Group. The PAC INNOVATION RADAR “IoT Platforms in Europe 2017” is the first study to evaluate IoT platforms in four different segments for specific applications. [Companies are evaluated based on several criteria that can be classified into two main categories, Competence and Relative Market Strength.]
Bit Stew Systems of Burnaby, B.C., Canada, has been acquired by GE Digital. This brings Bit Stew’s data intelligence capabilities to Predix, GE’s operating system for the industrial internet, and its industrial applications such as Asset Performance Management (APM).
PwC and GE Digital have formed a strategic alliance to help organisations harness the power of the Industrial Internet – the integration of physical machinery with networked sensors and software – to lower costs, improve asset reliability, reduce risk and help drive profitable growth.
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