Week in Review: November 8th to 14th – Incoming Data Tsunami

Hello, this week we got to witness the power of data on present businesses and good look at what our future has in hold. Information is not only increasing, it’s coming from more devices, in various formats and in very high bandwidths. Every business has to consider how to manage this complex and messy data tsunami. The prize is lucrative: GE foresees that IIoT will increase global GDP by $10-$15 trillion over the next 20 years. At the same time plug & play IoT solutions are making it easier to reap the benefits of networks of sensors and new ways to create and interact with information, digitalizing the world around us, are lowering the bar to enter this world.

There’s a lot to cover in this week’s edition, so let’s get to it.

IIoT could boost GDP by $15 trillion, though data barriers remain

GE research predicts [IIoT] will help generate a $10-$15 trillion boost in global GDP over the next 20 years. Bit Stew Systems commissioned a survey of top IT executives on their readiness for the IIoT revolution. 80% saw the top benefits of IIoT technology as enhanced operating efficiency and uptime. Despite these benefits, 70% are only in the planning phase of integrating IIoT technology. 70% of those surveyed said that proven data modeling and mapping capabilities were the most important aspect of an IIoT platform. However, 64% said that the biggest IIoT challenge stems from difficulties integrating data from a variety of formats and sources, as well as problems extracting business value.

Read the data rich article at ReadWrite.

Plug and play mesh IoT sensor system unveiled

Vicotee AS, part of the Virinco Group of Norway, released at the show a plug-and-play IoT sensor system based on the Smartmesh IP from Linear Technology. The Vicotee system includes Njord sensor modules, the Bifrost gateway, and cloud services for collecting data and managing devices, and operates out of the box collecting temperature, ambient light, humidity, and accelerometer data. The system may well help ease industry’s path to the IIoT.

Read more here.

Microsoft’s 3D Plans and How They May Affect Everyone Else

In their most recent OS, Windows 10, the company has just provided a series of interesting 3D software tools. The first and most important [effect] is that a great deal more people will be directly exposed to 3D technology. By including this stuff with their software, many more people will bump into it. Secondly, those using the 3D tools will become accustomed to the idea of 3D. The result will be many more 3D-enabled people on the streets of the future. Finally, Those who created systems for providing simple 3D modeling or scanning may suddenly find themselves short customers, because some folks simply found what they needed with Microsoft.

Keep reading at Fabbaloo.

This week we will be roaming Formnext‘s booths, see you there!

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