There are a number of industrial like devices and processes that have been in place for a while and should poptentially be learnt from. These are Automatic Teller Machines and Point-of-sale devices. These devices can run 24 hours a day and capture all sorts of data that can be analysed and actioned on.
chuckgregory - I can see that as a possibility as the technology matures. For now, I think the M2M or industrial internet will be part of our overall coverage in existing Clans.
Mitch - It would be great if GE were to make such a presentation! But perhaps you can go even further: create an 'Embedded' or 'Internet of Things' clan. Companies such as TI, Freescale, and Intel put a lot of effort into microcontrollers and might welcome the opportunity to talk about what they can do.
Brian, the benefit for GE is improving efficiency for their customers. If they can reduce downtime for a factory machine or jet engine, then the customer benefits and brings GE more business.
I agree taimur_tz that technology is a discovery-driven process. And GE, no doubt, will find expanded uses.
My main point was that their initial starting point had a limited focus on improving business processes. It did not demonstrate a understanding of technology as a capability that will unleash new applications, innovations, and insights due to use of data. To their credit, they are investing to learn what they don't know, i.e., reduce surprises. As a company dependent on staying competitive, this will serve them well.
Another very viable and exciting source of new big data can be found in telemetry. I first became aware by watching Formula 1 Grand Prix races where every car and every part is jammed with sensors. Just take a look at a race ( unfortunately the F1 Grand Prix season just ended last wkend in Brazil and won't resume until March 2013 in Australia ) where during every race every team will have their engineers glued to monitors that are receiving telemetry from the team's two cars. Oftentimes they will relay advice to a driver gleaned from that telemetry, save your breaks, save your tires, such and such part is questionable etc,.
"It seems as if they are just discovering the benefits of technology but haven't yet learned the applications, and clearly haven't explored true innovation."
@DHagar: I think when companies acquire a new technology, it generally takes them some time to play around with it and use it effectively to solve problems. The reason is that technology doesn't come packaged in a box which if you plug it in your company it will start giving you benefits. You have to mold your processes around it which normally takes time.
The ThinkerNet does not reflect the views of TechWeb. The ThinkerNet is an informal means of communication to members and visitors of the Internet Evolution site. Individual authors are chosen by Internet Evolution to blog. Neither Internet Evolution nor TechWeb assume responsibility for comments, claims, or opinions made by authors and ThinkerNet bloggers. They are no substitute for your own research and should not be relied upon for trading or any other purpose.
The US National Security Agency learned the hard way that it can be dangerous to give a contractor too much money and access, with too little scrutiny. The NSA and other government agencies hire tens of thousands of contractors
a year to analyze data. Edward Snowden -- who revealed himself as the NSA leaker after fleeing the country -- was one such contractor, reportedly holding a $122,000 salaried position at Booz Allen Hamilton at the time of his departure.
Midsize businesses rarely achieve the same standards of security in their own datacenters as professional providers that specialize in delivering these services to organizations.
It was about 10 years ago when a new generation of software-as-a-service (SaaS) alternatives started to gain acceptance and adoption among organizations of all sizes. And it has only been about five years since Amazon Web Services captured the marketplace's attention with Amazon EC2 and Amazon S3, which opened the door to a vast array of infrastructure-as-a-service (IaaS) offerings. Now, the third piece of the cloud computing puzzle is beginning to win over organizations seeking to build their own apps: platform-as-a-service (PaaS).
Energy consumption is a primary contributor to global warming. At the end of 2012, 40 percent of energy consumption in the US came from commercial and residential buildings.
Big-data and analytics tools enable marketers to understand customers as individuals, identifying unmet needs and addressing each customer as a "segment of one," says John Kennedy, VP corporate marketing, IBM.
New York's Metropolitan Transit Authority is conducting a pilot test of digital kiosks to guide subway users to where they want to go more efficiently and at lower cost.
The whole Amazon.reader debate is a double-stupid. It's stupid to think that there's any e-book buyer who doesn't know Amazon's URL, and it was stupider to let ICANN launch the whole free-form TLD initiative to start with.
While NFC's original goal was to enhance mobile commerce applications, it is finding its way into a number of other uses, which is creating both opportunity as well as challenges for IT departments.
Enterprises would like to move to cloud computing but are hesitant because they are concerned about providers’ ability to secure company data. Here are some tips that help to ensure that if breaches occur, the business is not left holding the bag.
Edmunds separates customers into segments based on the info it collects on its site and from partners, and uses that to push out custom content, said Brian Baron, director of business analytics for Edmunds.com, at Predictive Analytics Innovation Summit.
The IBM Smarter Commerce Global Summit in Monaco kicked into high gear today, and we've already begun to see news emerging from that lovely city-state by the sea.
Expert Integrated Systems: Changing the Experience & Economics of IT In this e-book, we take an in-depth look at these expert integrated systems -- what they are, how they work, and how they have the potential to help CIOs achieve dramatic savings while restoring IT's role as business innovator. READ THIS eBOOK
your weekly update of news, analysis, and
opinion from Internet Evolution - FREE! REGISTER HERE
Wanted! Site Moderators Internet Evolution is looking for a handful of readers to help moderate the message boards on our site – as well as engaging in high-IQ conversation with the industry mavens on our thinkerNet blogosphere. The job comes with various perks, bags of kudos, and GIANT bragging rights. Interested?
To save this item to your list of favorite Internet Evolution content so you can find it later in your Profile page, click the "Save It" button next to the item.
