Prior to taking important financial decisions, it is common practice to investigate current tools and make some calculations to find out alternatives with the best returns on investment. Though deep analyses are not always made, fundamental economic indicators such as exchange, interest and inflation rates are taken into account at the least. When it comes […]
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Engineers do amazing things every day. Their efforts radically transform our collective future. Imagine describing industrial operations today to someone living just one hundred years ago. Modern manufacturing facilities and energy production systems are downright miracles. All manner of goods are produced more efficiently than ever. Almost anything can be transported effortlessly around, and even off the […]
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ARC Advisory started a series of podcasts focused on Smart Cities. The first episode focuses on Planning a Smart City and looks deeper into the needed technology, actors, and the development of such a complex infrastructure. Larry O’Brien, Vice President of Research at ARC Advisory Group and Jim Frazer, Vice President of Smart Cities, discusses […]
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Industry 4.0 is rapidly transforming how businesses across the globe are operating in an ever increasingly commercially competitive landscape. According to the Industrial Internet of Things (IIoT) Market Size & Forecast Report, the global market is expected to be valued at USD 933.62 billion by 2025. Whilst IIoT affects many industries, the manufacturing sector is […]
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The heating and cooling infrastructure in Västerås is a complex operation managed by utility company Mälarenergi that lacked the visibility required for effective control. A collaboration between Mälarenergi and ABB allowed the collection of data that could be integrated into a common platform providing real-time visualization of the network delivering the ability to develop smart […]
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Modern day industrial operations often span complex IT (information technology) and OT (operational technology) infrastructures. In a very standard environment, thousands of devices exist and are increasingly being connected via the Industrial Internet of Things (IIoT). This creates new challenges in securing industrial environments specifically by making cyber-security threats even more difficult to detect, investigate […]
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New business opportunities for IIoT Today, manufacturers around the world are seeking new ways to meet market needs, improve products, optimize operations, increase revenues, and reduce costs and risk. Automation, digitalization, and the adoption of IIoT are important requirements for companies that wish to lower costs, drive new efficiencies, and find new business opportunities with […]
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We have entered a new era of scientific breakthroughs and technological applications that will change life as we know it. Accelerated technological development is transforming our civilization. The pace of innovation is growing so rapidly that it is becoming exponential as each year passes. Futurist Dr. Michio Kaku characterizes this blazing technological shift as moving from […]
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The adoption of new technologies in oil and gas facilities is a dual-edged sword. On one side, there are the obvious benefits of implementing industrial internet of things (IIoT) devices to improve efficiencies and reduce operational costs. On the other side, there are inherent risks associated with upgrading systems and with the cybersecurity infrastructure. Cybersecurity […]
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We’re living amid an invisible revolution driven by the Internet of Things (IoT). This revolution goes far beyond the smart speakers and thermostats in homes and includes billions of connected devices and sensors that are transforming every industry on the planet, from manufacturing to energy distribution, from smart cities to smart agriculture, from smart buildings […]
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Since 1945, Wiscon Products of Racine, WI has produced quality precision parts for the aerospace, medical, energy, automotive, construction and power industries as well as many others. Along the way, Wiscon’s innovation and commitment to quality has resulted in awards such as the 2014 Manufacturer of the Year and twice as the Future 50 winner […]
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The emergence of next generation technologies, such as the Internet of Things (IoT), artificial intelligence (AI), 5G, and data science, are poised to transform today’s cities into advanced smart cities. Electric utility companies, with their critical infrastructure and essential services, are well positioned to co-lead this transformation. While smart cities represent a major business opportunity […]
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