EEBUS: A new open standard for the Internet of Things
Last month, the first ever Plugfest took place on the 23rd floor of the IBM Watson Internet of Things Center in Munich – IBM’s global headquarters of its Watson IoT business unit. Using the EEBUS standard for communication between products, various manufacturers completed a test-run for digital heating systems. The EEBus Initiative e.V. is an […]
Watson: The road to personalization from Cannes Lions
The annual Cannes Lion Festival of Creativity brings together worldwide leaders in the creative communications world. It’s the foremost event for ad agencies and for globally recognized consumer brands to hear about new ideas on the cutting edge of technology, imagination and virtualization, like Watson. Rather than the typical summary presentations of strategic direction and […]
Truck-tracking solution protects cargo with IoT and blockchain
One of the biggest challenges in the logistics and transportation industry is the protection of its assets and cargoes. In reality, moving freight with multiple transport companies, ensuring transparency and timely delivery creates the perfect conditions for a blockchain solution to thrive because correctly monitoring and tracking all transactions involves so many different charges and […]
Achieving EAM excellence in Oil and Gas
Oil and gas companies are facing major changes due to an era of lower oil and gas prices. Energy companies are increasing their investments in analytics, mobile, and Internet of Things capabilities. These investments will help them to reduce costs, improve operations and be more secure. The companies are connecting their processes, people and their […]
Paris Air Show: Self-flying cars
The biennial Paris Air Show kicked off on Monday, and it looks like we can expect quite a showing from lady IoT in all her aerial finery before the week is out. Aside from the contest for sales numbers from Airbus and Boeing, there’s plenty else to see from these two big players, and the […]
The future has arrived for intelligent operations
Supply chain executives across all industries have been developing digital strategies over the past several years. They are aggressively addressing integrated technologies, including the Internet of Things (IoT) on mobile, collaborative and cloud-based platforms. These executives are applying predictive analytics even more rapidly to all supply chain processes, including asset, inventory, fleet and energy management. […]
Blockchain for Automotive: spare parts and warranty
This is the sixth and final blog post that examines how the Automotive industry will be impacted by Blockchain. In this post I elaborate two use cases that have enormous potential in the area of spare parts and warranty. Identification of counterfeits A car manufacturer is concerned that service centres and garages in certain markets […]
EAM: manage assets and profitability
Organizations in the asset intensive industries are faced with a daunting question, “How do we maximize the value of assets through their lifecycle?” In fact, in a recent survey of asset managers worldwide, more than 75 percent of respondents cited system reliability as the fundamental reason to invest in enterprise asset management. Technology is one […]
Technology Prowess at The Paris Air Show
As a technological and aviation enthusiast sitting in the grand stands today at the Paris Air Show in Le Bourget, it’s easy to be overwhelmed by the rate of change and progress the aviation industry has experienced as a result of technology advancements. The ability to send teams into space and collect data from planets […]
TRIRIGA tackles 2019 lease accounting change implications
Are you getting ready to address the implications of the new lease accounting changes with TRIRIGA? Although FASB’s ASC 842 and IASB’s IFRS 16 will take effect in 2019, many organizations are only now beginning to realize the amount of effort required to meet the new standards. According to a recent article in the National Real Estate Investor, […]
Take advantage of preventive maintenance in the Cognitive Era
Providing essential asset health management and asset maintenance for any organization’s critical assets requires a fine balance. As you are aware, under-maintenance can result in low productivity, expedited costs and even safety risks. At the same time, excessive maintenance of assets can be wasteful – resulting in unnecessary downtime, higher labor costs, and could even […]
The cost of failing to plan – why IoT requirements management matters
Benjamin Franklin is quoted as saying “If you fail to plan, you are planning to fail”. Some 200 years later and that’s never been more true. The Internet of Things (IoT) connects humans and ‘things’, creating better user experiences and greater customer delight. It also brings along the need to manage the requirements that define […]