Event 24
When small production platforms have backup equipment sitting around unused for long periods of time, it often leads to mechanical equipment failures that can cripple production for days or weeks on end. Thankfully, there’s help in the form of new technology. IOT and machine learning can be used to predict mechanical failures with enough lead time to get new equipment on-site before failure to eliminate unnecessary shut-in, and the ability to do this starts at the data layer.
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Connectivity is reshaping how OEMs approach product design. Now, hardware manufacturers need to produce devices and applications that can connect instantly to a network, in any corner of the world. To succeed, they require high quality, reliable and secure global connectivity that can be embedded while in the factory and managed in a simple and cost-effective manner thereafter.
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IoT deployments cause constant security concern, due to their frequent use as attack vectors for bad actors to gain access to broader network resources. Traditional security measures relying on agents and software updates pose challenges to manage and control on always-on, open IoT devices.
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IoT-Egypt Forum
By 2020, the Internet of Things (IoT) is predicted to generate an additional $344B in revenues, as well as to drive $177B in cost reductions. IoT and smart devices are already increasing performance metrics of major US-based factories. They are in the hands of employees, covering routine management issues and boosting their productivity by 40-60%. The following list of 9 predictions explores the state of IoT in 2019 and covering IoT impact on many aspects of business and technology including Digital Transformation, Blockchain, AI, and 5G.
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