Executive Briefings

Precision Technologies Increasingly Rely on Internet of Things

If you manage factories, airlines, hospitals or farms, you probably know something about the Internet of Things. If you don't, your thoughts on the IoT may start and end with wondering why a coffeepot needs to talk to a toaster. But the fact is that the continuing development of precision technologies could dramatically transform our planet's fundamental infrastructure.

Precision Technologies Increasingly Rely on Internet of Things

Sensors are decreasing in cost and increasing in variety. Even your cell phone has 12 sensors, including a barometer, accelerometer, thermometer and proximity detector.

With lower cost, industrial “Things” will continue to be increasingly instrumented. For example, modern wind turbines have more than 200 sensors. Sensor data available every second, and in some cases many, many times per second, can be connected to public and private cloud services and collected.

Advanced analytic and machine-learning technologies then can be applied. With the knowledge gained, companies that build wind turbines, or those that create farm equipment or blood analyzers, for example, can not only improve the machines’ availability, performance, and security, they also can reduce the cost of delivering the machines.

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Sensors are decreasing in cost and increasing in variety. Even your cell phone has 12 sensors, including a barometer, accelerometer, thermometer and proximity detector.

With lower cost, industrial “Things” will continue to be increasingly instrumented. For example, modern wind turbines have more than 200 sensors. Sensor data available every second, and in some cases many, many times per second, can be connected to public and private cloud services and collected.

Advanced analytic and machine-learning technologies then can be applied. With the knowledge gained, companies that build wind turbines, or those that create farm equipment or blood analyzers, for example, can not only improve the machines’ availability, performance, and security, they also can reduce the cost of delivering the machines.

Read Full Article

Precision Technologies Increasingly Rely on Internet of Things