The financial benefits of data-driven maintenance and repair
Digital transformation of the global workplace has impacted every aspect of the way companies do business. Much has been made of how smart, connected technologies are working behind the scenes to ingest, blend, and analyze data 24 hours a day, empowering
Technology will determine the winners and losers in the energy transition revolution
The energy industry is entering a new era, triggered by the relentless rise of renewables, electric cars and smart grids. And like previous industrial revolutions, technology – and the willingness to embrace it – will determine the winners and losers. Over
Is Cloud Storage a Good Option for IoT Big Data?
When it comes to suggesting the best storage option for IoT big data, there’s a divide in the industry. Some say the next IoT revolution won’t happen in the cloud, it’ll happen on the edge. Following that trail of thought
Machine Learning: The Next Step in Advanced Analytics
Machine learning enables organizations to harvest a higher volume of insights from both structured and unstructured data than they could otherwise accomplish with traditional business intelligence solutions. 1. A New Dimension in Predictive Analytics In today’s economy, all business is becoming data
New opportunities to become smarter in the manufacturing lifecycle
With the arrival of the Industrial Internet of Things, manufacturers are finding themselves at the forefront of fast-moving, disruptive and revolutionary change. Among other things, this change is quickly introducing components for the creation of a smart factory. The concept
Industry 4.0 will more than anything else be a “data revolution”
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
Where gas and data flow
Equinor’s LNG facility on Norway’s Melkøya Island cools natural gas from the Barents Sea to minus 160 degrees Celsius, fills it into special tanks, and delivers it to ports around the world. To do this work, it particularly also uses
Connecting Assets: 5 Things to Keep in Mind
Make sure your Connected Machine/Equipment project delivers real value - for you and your customer. You want to connect your units in the field for an enhanced customer value proposition and an improved Services business case? There are many ways how
IoT is driving the next industrial revolution
IoT is driving the next industrial revolution. But hackers now see the supply chain as an easy target. The challenge: to mitigate the risk and drive more efficient, connected production, but without neglecting to invest in security and training –