Continuous Monitoring of Assets in 3D Environments
Last week I shared a LinkedIn update showing the MOVUS FitMachine gateway installed at a customer site in Melbourne.
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Last week I shared a LinkedIn update showing the MOVUS FitMachine gateway installed at a customer site in Melbourne.
Avoiding unplanned downtime and equipment failure are two pretty obvious benefits that companies realise from deploying Industrial IoT solutions like MOVUS FitMachine. A lesser known, but equally important benefit is the impact IIoT can have on workplace safety.
Big data is kind of a big deal for many companies around the world. But does having access to lots of data help a business make better decisions or improve operations or develop a competitive advantage?
Every day there are new predictions about how the internet of things (IOT) will connect 20 Billion, 30 Billion or 50 Billion devices to the internet. I thought I’d weigh into the commentary, to give a view on the business benefits, which seem to be missing under a wash of monstrous numbers.
Globally, there’s a silent shift happening. The way businesses create value and capture value is quietly transforming. This isn’t a theoretical exercise being played out by corporate strategists or the Big 5 accounting firms. It’s a dramatic shift that’s disrupting existing businesses and creating completely new business models. Businesses that adapt to this silent shift will flourish, others will falter.
Next month I have been asked to present at the Industrial IOT Summit, the event is sponsored by the giants of industry, GE, Schneider, Bosch etc. As I sit here writing my presentation, I’m reflecting on the phenomena that is the Industrial IOT. Firstly, why the fuss? Sensors have been around for decades in industry. Many may be wondering what all the fuss is about. Isn’t IOT really about RTU’s, PLC’s, IMU’s (and other 3 letter acronyms?). Well yes,…. and no…. Let me explain.
Each week I’m fortunate to spend time with customers and prospects to understand their asset management challenges. Each week many of the same challenges arise, the need to reduce maintenance costs, reduce downtime risk and reduce asset inspections. However there is one challenge that I would like to take a moment to highlight, in the hope that this small piece of awareness can make a difference.
Earlier this year Accenture released a research report that identified a number of trends that were predicted to impact/drive transformation in the Industrial Refining industry (think oil and gas refining).
I get lots of positive comments from my blogs, which is awesome, and recently had an email asking what exactly MOVUS does? So here goes… (It’s a little techie but I’ll keep it to a minimum).