The transformation from products to services has the potential to move enterprises from being providers of products to becoming service providers. At the same time, organizations can switch from one-time sale revenue to recurring monthly revenues for the services they provide.
With analyst firm IDC reporting that manufacturers want to capture upwards of 30% of their revenues from services in the future, there’s a clear direction of travel towards servitization. However, the fire and forget products of today will have to radically alter to fit this model. They must become fully connected and integrated into the wider IoT ecosystem, sharing their data and delivering powerful business value. This evolution is explored in greater depth in the PTC whitepaper: Service Transformation: Evolving Your Service Business in the Era of Internet of Things.
PTC explores how everything from domestic washing machines to cars, heavy plant, healthcare equipment and factory machines will be connected and disseminating data for analysis. However, it is the higher value equipment, such as mining equipment, that has the strongest initial business case.
Specialised areas of the market have a high potential for success. Even though equipment can be dispersed across geographies, it is relatively small in volume. In addition, that equipment is valuable and tends to present a substantial cost in capex for its owner. Finally, the cost also makes it easier to extract savings and efficiencies that make an investment in IoT viable and attractive.
4 Reasons Remote Monitoring is Your Best Move to Better Service
Download and read this new e-book today to discover how the right remote monitoring solution can deliver:
Bottom line benefits through more effective and efficient service
Top line growth based on service business innovation and improved customer satisfaction
A risk-free way to start your IoT journey
An attractive ROI
Read more here:: www.m2mnow.biz/feed/
New data from Juniper Research has found that the development of smart grids linked to smart cities will result in citizens saving $14 billion (€11.67 billion) per annum in energy bills by 2022. This is up from the $3.4 billion (€2.83 billion) saving estimated for 2017, resulting from smart metre rollouts, energy-saving policies and sensing technology to improve grid reliability and efficiency.
As part of the new study, Smart Cities: Strategies & Forecasts in Energy, Transport & Lighting 2017-2022, Juniper analysed and ranked global cities to assess their performance and approach towards energy consumption and delivery:
“Seoul’s large-scale deployment of electric vehicle charging infrastructure, smart street lighting and smart metre rollouts will undoubtedly accelerate the development of smart grid infrastructure to manage these elements,” remarked research author Steffen Sorrell.
Renewables & Blockchain transform the grid
Juniper found that the high cost of carbon capture and storage technology was making fossil fuel investment uneconomical. With the projected cost of renewable energy sources such as wind and solar falling close to $60 (€50.03) per MWh (Megawatt hour) in 2022, it predicted the inevitable investment would force accelerated deployment of smart grid solutions to reliably scale renewable energy.
Furthermore, the research argued that the business case for distributed renewable generation would be strengthened by the application of blockchain. Here, dramatic efficiencies along the value chain could be achieved, by simplifying a certification system currently susceptible to accounting errors and increased costs.
Juniper found that with smart city budgets now being discussed and allocated worldwide, policy had become more important than the technology. For instance, it argued that MaaS (Mobility as a Service) could drastically reduce city congestion by virtue of nearly eliminating the need for private transport.
Nevertheless, it claimed that MaaS would never come to fruition without strict city policy enforcement. For that reason, it predicted that cities in Far East Asia would become ‘true’ smart cities earlier than their Western counterparts.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow
Read more here:: www.m2mnow.biz/feed/
NetApp has announced the findings of its study to uncover the true scale of digital disruption. In a survey of 501 UK information technology decision makers from the full spectrum of the enterprise, NetApp found that 82% of businesses are in the midst of digital transformation.
Hyper Converged Infrastructure (HCI) emerged as the answer for digital transformation acceleration. In all, 22% of respondents adopted the technology for scalability, and 20% for access to data.
Digital transformation is a top concern for big businesses – The level of concern is high among larger businesses, with 42% seeing digital transformation as a primary concern. Only 2% say digital transformation is a low priority.
HCI is already in use for the majority of businesses – To navigate increasingly data-driven enterprises, HCI is the solution of choice, with 80% of UK businesses already using it and 11% planning to in the next 12 months. Only 4% say they have no plans to adopt HCI.
Security is a key motivation for HCI adoption – Security is the leading motivation for HCI adoption (54%), with ease of use (44%) and cost savings (41%) following close behind. However, 49% state hardware costs as a primary concern when considering HCI adoption. With 78% of IT decision makers indicating that they are ready for HCI technology, the market is ripe for a next-gen HCI solution.
“We are in the middle of a massive shift from hardware to software environments,” said Tim Pitcher, vice president, NGDC, NetApp. “It is clear from NetApp’s research that businesses are informed and making the move to more software-defined infrastructures. Digital transformation is leaving no business untouched, and it is encouraging to see the openness to change, with the majority of UK businesses already using HCI.
NetApp’s next-gen HCI solution is set to plug the market gap with its data fabric integration and automation capabilities. It is not only smaller businesses that benefit from HCI’s automation features, but big businesses too – such features could go some way to alleviating their concerns around digital transformation.”
NetApp HCI is claimed to be the world’s first enterprise-scale hyper converged infrastructure (HCI) solution that offers enterprise-grade performance, flexibility and scale and automation. Running on SolidFire technology and delivered on a NetApp designed architecture, NetApp HCI enables enterprises, midsize businesses, and service providers to maximise their infrastructure by simplifying management and independently scaling both compute and storage resources.
Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow
Read more here:: www.m2mnow.biz/feed/
The convergence of programming and distribution into an all-in-one video business will be on display this week at CES 2018, as media stalwarts and digital disruptors come together to offer insight into where the business is headed. OTT and streaming video will once again be a well-covered subject, as more established players embrace direct-to-consumer offerings.
Disney, whose transition to OTT is perhaps the most-anticipated in the industry, will be well represented. Disney evp, publishing and digital media Andrew Sugerman’s Wednesday afternoon appearance on the “State of the Stream” panel is a chance to glean more insight into the company’s plans for its supposed Netflix competitor (expected in 2019). Disney ABC Television Group pres Ben Sherwood is also slated to discuss streaming during a “headliner conversation” Wednesday morning.
Also on Wednesday, Discovery pres/CEO David Zaslav will participate in a “Future of Video” panel alongside A+E Networks pres/CEO Nancy Dubuc, YouTube chief business officer Robert Kyncl and Comcast Cable pres of advertising Marcien Jenckes, among others. Zaslav, who will likely address the company’s pending merger with Scripps Networks, has been vocal about what he perceives to be a lack of quality virtual MVPD options in the US market. Fox, Scripps, Turner, Starz and NBCU are among the other programming groups represented in this year’s lineup. Digital players like Amazon, Hulu and Facebook —all of whom have multibillion-dollar content budgets this year—are also sending execs to discuss the OTT landscape. In addition to streaming video, attendees can expect to hear plenty about emerging technologies like 5G, the Internet of Things and AI.
The broadcast industry will have a revelatory moment Tuesday when the Advanced Television Systems Committee hosts a ceremony commemorating the first complete set of standards for ATSC 3.0 deployment. ATSC pres Mark Richer, CTA pres/CEO Gary Shapiro and NAB pres/CEO Gordon Smith will lead the celebration surrounding the hotly anticipated advancement. On the show floor, Comcast is focusing its efforts this year on its home automation business as one of the featured exhibitors in the Smart Home Marketplace. Turner is the presenting sponsor of the CES Sports Zone, a 4,900-square-foot installment at the Sands. Scripps will host tech consultant Shelly Palmer’s annual “Best of CES This Year” address in its invitation-only space just off the show floor. Palmer will also interview the Property Brothers of HGTV fame about home technology.
On the regulatory front, FCC chmn Ajit Pai withdrew from his highly anticipated appearance in the wake of his rollback of net neutrality. Still, a session featuring three FCC commissioners—Republicans Brendan Carr and Mike O’Rielly alongside Democrat Mignon Clyburn—could produce fireworks of its own. Clyburn has been vocal about her disdain for the FCC nixing net neutrality. FTC commish Terrell McSweeny and NTIA asst secretary David Redl are also slated to sit on the panel moderated by CTA vp, regulatory affairs Julie Kearney. Other hot regulatory topics will likely include spectrum allocation, infrastructure regulations, 5G deployment practices and IoT. Check back with Cablefax throughout the week for dispatches from CES.
The post Programming’s Heavy Hitters Will Make Presence Felt at CES appeared first on Cablefax.
Read more here:: feeds.feedburner.com/cable360/ct/operations?format=xml
New Efficiencies More Important Than Ever In Manufacturing
- New Efficiencies More Important Than Ever In Manufacturing
The pace of change in manufacturing today is faster than it ever has been before. The world has seen three industrial revolutions already; first, when textile manufacturers in 18th century Britain mechanized production, second, when Henry Ford created the assembly line in manufacturing automobiles, and third, when automation and computers were first introduced into factories. Technology during these shifts advanced along a linear path. The Fourth Industrial Revolution, the introduction of cyber physical systems, is advancing at an exponential rate.
Technology is moving rapidly and manufacturers are investing heavily because they know that finding new efficiencies will be the only way to stay competitive in the future. The industry is shifting from finding efficiencies by cutting down labor costs (and moving as much as possible to cheaper labor markets), toward a world where highly-skilled workers and highly-automated factories guided by IoT will have the competitive edge. The latest industrial revolution means providing higher quality components at lower prices, while talent and technology will give manufacturers their edge.
- Image source: Forbes
When it comes to metrology, new equipment and software are unlocking new capabilities in coordinate measuring machines. Automated coordinate measuring machines, 3D laser scanners, real-time data collection, and software that can predict equipment collisions and adjust errors are all becoming a reality on shop floors across the globe. It’s probably time that you update your CMM measuring machine if you want to keep your technology competitive. In the race to build higher quality components to compete with both lower-cost labor markets and economies like Japan and Germany (which have a lead on automation), North American shops will have to take a close look at their metrology equipment.
Coordinate measuring machines are the cornerstone of your Quality Assurance department and you need technology that’s not just highly accurate but also efficient. While coordinate measuring machines themselves are not very different today than they were ten years ago, new software and equipment has made major strides. Here are just some of the updates you may want to consider, available from metrologists like Canadian Measurement Metrology (CMM):
Multi-sensor Coordinate Measuring Machines – There’s more to today’s coordinate measuring machines that just touch-trigger probes. Touch-trigger probes are precise but slow, but now metrologists use laser scanners in conjunction with touch probes to drastically speed things up and even make automated measurement possible.
Polyworks – Polyworks received a 2017 software update that introduces a suite of new capabilities to speed up your QA process. It’s based on “control-centric reviewing workflow,” which means rapid data collection and real-time collision analysis. It can help you introduce one of the core design principles of Industry 4.0: decentralized decision-making. Ask about Polyworks and software training at metrology shops like CMM for more details.
3D Laser Scanners – 3D laser scanners provide fast, precise measurements and can be used on a portable arm, on a coordinate measuring machine, or on their own. They come in two basic types: lasers scanners and structured light scanners. While laser scanners use guided laser beams to calculate distance, structured light scanners measure using projected patterns of light with a camera.
With these tools, you can bring your shop to a new level of accuracy and efficiency. Speed up inspections and guarantee higher quality components.
The post New Efficiencies More Important Than Ever In Manufacturing appeared first on Intelligent Head Quarters.
Read more here:: www.intelligenthq.com/feed/