In the environment of Industry 4.0, the role of PLM is expanding. The interplay between PLM and Industry 4.0 technologies - like the Internet of Things (IoT), Big Data, Artificial Intelligence (AI), Machine Learning, AR/VR, Model-Based Enterprise (MBE), and 3D Printers - is on the rise. But Industry 4.0 is unlike any previous industrial revolution.…

According to a study, Global Blockchain IoT Market by Research Dive, the global Blockchain IoT market size is expected to account for $ 5.80 Billion by the end of 2026, registering 91.5% CAGR over the forecast period.

Blockchain and IoT together are improving the efficiency of supply chain majorly by eliminating the middle man functioning, due…

The rise of IoT has offered telecom operators another chance to spring into action. If the telecom industry makes the most of IoT, availing the USP that edge computing and 5G offers them, they can have huge potential profits of more than $600 billion by 2022, as per Accenture…

The Internet of Things (IoT) has matured to support the telecom industry by becoming an integral part of concepts like self-driving vehicles and industrial IoT. The Telecom industry, in fact, is amongst the biggest players in the IoT.…

The past year has presented the medical industry with new challenges that humanity has hardly faced before. The situation in the world has accelerated the rapid pace of software development for medical devices and made people realize the irreplaceable role of high technology in…

Water and wastewater utilities can employ the asset monitoring process to ensure planned maintenance and scheduled repairing of capital assets like pumps, valves, motors, pipes, etc. It is mainly practiced to achieve a sustainable infrastructure and minimize the total operating costs while delivering the services. Additionally, smart asset…

The constant evolution of technology has benefited every single industry on the face of Earth much more than you and I could imagine. This holds especially true for the financial sector, where it has given rise to FinTech, which has now been around for a while now. However, the advancement of technology has now given rise to yet another exciting development: The integration of IoT in FinTech. While IoT was already growing, it was only a matter of time until it made its way into this sector.…

The mobile app industry is one of the most sought-after in the world due to the prevalence of mobile devices worldwide. Really, so much of our lives are done online or through mobile devices that it is now nearly impossible to function without them. This shift in attitudes has delivered an excellent opportunity for businesses. However, the intense competition in the market has driven unique innovations in the mobile app market. For example, take the Internet of Things — one of the most…

Rising gas levels are solidly dangerous, impacting our lives at huge stakes. Even the slightest spark would ignite the premises and would cost a fortune to the industries.

Well, the Internet of Things is one of a kind technology that has the capabilities of potentializing the assets to their optimal performances. In the case of…

No matter how latest the technology is, it is often blamed responsible for the current environmental issues from internal engine combustion to electronic wastes. Typically, we don't associate high-end technologies with environmental sustainability. However, in the right hands and right applicability, technologies like AI and IoT hold great potential…

The Internet of Things is all about gathering data and utilizing it for the conveniences of the end-user. IoT helps build an entirely different universe for the assets that interconnect and cater to all the user demands. It is a high-end technology that has revolutionized multiple industries with automation, data-importance, analytics, and…

Farming is the primary source that brings food to our tables. It is one of the most essential occupations to also supply humans with employment options all over the world. However, traditional farming methods like plowing the fields with the help of livestocks and ancient tools are now being replaced with advanced and latest technologies like…

By

• Priya Sharma – Sr. Data Scientist -IoT Analytics, SAS Institute Inc.
• Saurabh Mishra – Product Management, IoT, SAS Institute Inc.

June 12, 2020

Description: Majority of AI approaches are based on the construct of training against historical data and then inferencing new data. While this is a sound and proven approach, a lot of IoT assets coming online don’t have historical data and we don’t necessarily have the time to wait.

Modern Machine…

We always knew that the evolution of technology would lead us to newer avenues and opportunities in life. But little did we imagine that there would come a day that we would have a technology that would allow us to turn off electric appliances in our house from our office. No more “Did I turn it off” conundrums! That is the magic of the Internet of Things. And here’s an interesting statistic about this rockstar of technology: The number of connected devices in the world was 8.4 billion,…

No doubt, the technology of Internet of Things is swelling at an extraordinary rate. One sector that has benefited significantly from this technological marvel is the powerhouse sector of energy.

In 2015, the global energy market reached a valuation of USD 6.8 billion and is now expected to reach $26.5 billion by the end of…

The heightened technological development in the 21^st century would not have been possible without the contribution from the oil & gas sector. Our dependence on the crude and its products has made it one of the industrial sectors that contribute around 2 to 3 per cent to the overall global economy. In fact, in 2017, the consumption of crude grew by 1.4 million b/d and its production increased by 2.2 million b/d.…

Cloud computing infrastructure renders benefits such as scalability, enhanced performance, and pay-as-you-go (PAYG) service to the IIoT market. Additionally, the demand for low-cost data storage, backup, and data protection are monumental challenges for small & medium enterprises (SMEs). Cloud computing also offers self-service provisioning and automatic de-provisioning, application program…

Agriculture has witnessed different innovations and technological developments in the past 100 years. Unlike, traditional farming methods that relied completely on manual labor, modern agriculture is automated and smart. The use of disruptive technologies like the Internet of Things has made farming more precise, sophisticated, and productive. The advent of IoT in the agriculture sector has enabled the emergence of various new farming practices like precision farming, digital farming, and…

Artificial Intelligence in IoT Market: 

AI plays a significant role in monitoring, production development, industrial applications, and analytics, among others in several business environments. Further, with the rising number of IoT-based devices, the need to effectively process the enormous real-time data generated from connected devices to reduce downtime and maintain costs drive demand in the AI in IoT market. The two technologies together are projected to offer…

Summary: Especially in consumer goods and retail the value of AI/ML is only part of the story.  AI/ML will increasingly need to integrate with helper technologies to deliver maximum value.  Up your game in IoT, 5G, and robotics to ensure you’re giving your operating team all the best options for their investment.

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