For more than 250 years the fundamental drivers of economic growth have been technological innovations. The most important of these are what economists call general-purpose technologies a category that includes the steam engine, electricity, and the internal combustion engine. Each one catalyzed waves of complementary innovations and opportunities. The internal combustion engine, for example, gave rise to cars, trucks, airplanes, chain saws, and lawnmowers, along with big-box retailers, shopping centers, cross-docking warehouses, new supply chains, and, when you think about it, suburbs. Companies as diverse as Walmart, UPS, and Uber found ways to leverage the technology to create profitable new business models.
Even in its nascent form today, IoT is changing the way we interact with our physical environment and how we learn from it too. Besides bringing us Internet-enabled light bulbs and self-driving cars, the IoT will bring to the physical world the kind of behavioral modeling and analytics that have been embedded in the digital world for years. Businesses are already able to apply lessons from the data they gather from IoT-enabled sensors to their own operations, and early adopters stand to reap rewards from this data approach, using it to guide development of next-generation consumer devices and even open up entirely new market segments.
The Internet of Things (IoT) continues to transform healthcare delivery at an unprecedented pace.
An increasingly diverse set of smart devices and communication-enabled sensors is bringing hospitals greater awareness of the medical devices, equipment, clinicians, staff and patients in their care delivery environments. They also are generating a wealth of data that they can use to re-engineer delivery models to become more dynamic, efficient and responsive to patient needsdriving lower costs and higher patient satisfaction.
Lets get one thing right straight out of the gate no matter that it sounds like a futuristic buzzword, the Internet of Things (IoT) is not a new concept. Home automation has existed for about 40 years, said Dr. Joseph Ronzio, Health System Specialist and Special Assistant to the Chief Health Technology Officer at the Department of Veteran's Affairs.
The innovations in digital technology and smart connections that have led to what is commonly known as Industry 4.0 or the fourth industrial revolution hold tremendous potential for the medical technology (medtech) industry. Digitization can help medtech companies improve their operational and financial performance through both internal and customer-facing applications. Yet most companies in the industry are still in the early stages of incorporating these digital technologies into their core business operations. In the third quarter of 2016, we analyzed a sample of 20 medtech companies to gauge their Industry 4.0 maturity and digital readiness across three dimensions: (1) digitization of products and services; (2) business model (digitization of market and customer access); and (3) operating model (digitization of value chains and processes).
Often, as a startup picks up steam, its leaders are suddenly faced with the frightening reality that a huge skills gap exists in their ranks. The company might have dedicated coders, busy salespeople, and a growing order book, but no one keeping an eye on day-to-day operations.
High-performing organizations require highly motivated people. Those leaders who are able to cultivate a healthy and productive climate for employees are also better placed to produce innovative and business-relevant solutions that create a competitive advantage. The more understanding leaders have of their leadership styles and the impact these have on team performance, the more effective leaders are. Join this session to find out how you can increase self-awareness among leaders and build a program that roots leadership development to organizational strategy.
When Marc Harrison, president of Silicon East, a Marlboro, N.J.-based solution provider, sits down with facility managers who want to automate their buildings, his first question always is, Is it secure?"
The beginning of the modern transportation era is often marked in 1908 with Henry Fords creation of the assembly line, the Ford Model T and the boom of invention that it erupted shortly after. From this spark of innovation, the next 100 years would prove to be one of evolution for the way we get from point A to point B. Today, were standing on the brink of another transformative era with the integration of the internet of things into vehicles across the transportation industry.
Nowadays, the railway industry is in a position where it is able to exploit the opportunities created by the IIoT (Industrial Internet of Things) and enabling communication technologies under the paradigm of Internet of Trains. This review details the evolution of communication technologies since the deployment of GSM-R, describing the main alternatives and how railway requirements, specifications and recommendations have evolved over time. The advantages of the latest generation of broadband communication systems (e.g., LTE, 5G, IEEE 802.11ad) and the emergence of Wireless Sensor Networks (WSNs) for the railway environment are also explained together with the strategic roadmap to ensure a smooth migration from GSM-R. Furthermore, this survey focuses on providing a holistic approach, identifying scenarios and architectures where railways could leverage better commercial IIoT capabilities.