“Information technology is revolutionizing products, from appliances to cars to mining equipment. Products once composed solely of mechanical and electrical parts have become complex systems combining hardware, sensors, electronics, and software that connect through the internet in myriad ways. These “smart, connected products” offer exponentially expanding opportunities for new functionality,
Imagine being able to embark on a real-time computer vision project in a few hours, with no code to build a traffic control system, a warehouse monitoring system, or an in-store point of sale optimization system. Like the apps that are built on top of smartphone operating systems, these smart
5G is ushering in a new breed of “genius” networks to deal with the increased levels of complexity, prediction and real time decision making that is required to deliver the performance gains promised not just in enhanced mobile broadband applications but also in IoT and mission critical use cases. At
43% of manufacturers had smart factory projects underway in 2017, growing to 68% this year, according to the new Smart factories @ scale Capgemini survey. Capgemini found that discrete manufacturing leads all other segments in its planned transition to smart factories by 2024.
Manufacturing CEOs I’ve spoken with are in unanimous agreement that the best way to drive new revenue growth is by transitioning to more services-based revenue models based on next-generation products. Their product roadmaps include configurable, customized products capable of delivering data back to manufacturers they can monetize as services. Manufacturers are looking to get beyond relying on transaction revenue alone. They’re most focused on how they can use configurable products to launch higher-margin outcome-based business services, and their 2020 roadmaps reflect this goal. The following graphic from McKinsey’s Leveraging Industrial Software Stack Advancement For Digital Transformation (50 pp., PDF, no opt-in) explains why manufacturers’ 2020 roadmaps are dominated by more configurable products capable of driving new services-based business models.
Artificial intelligence (AI) is a buzzword that most business owners have already heard of, even if they haven’t researched the technology deeply. AI has the potential to change the face of business in fundamental ways. Because of its innate flexibility, AI presents a wide range of potential applications that almost any business can leverage to make itself more efficient.
There are already companies that have started using AI to make their processes more productive and reduce their costs for both material sourcing and labor. Thirteen experts from Forbes Technology Council take a look at how the smartest business owners of today are employing AI and how it helps those businesses succeed at what they do.
A team of self-styled “hacktivist” security researchers, with an impressive track record of exposing breach after breach as part of a web-mapping project that searches for vulnerabilities within online databases, has disclosed one of the biggest to date. The researchers in question, Noam Rotem and Ran Locar from vpnMentor, found
The industry was quick to adopt the “smart” moniker for everything from watches to homes to buildings and even cities, but the vast majority of all these “smart things” are really just connected things.