Successfully executing on upcoming digital transformation initiatives has as much to do with effectively managing risk as it does with keeping up with the development of latest industry trends. No company wants to go all-in on the latest trend only to watch it be short-lived or unsustainable. A good example of this fear might be the latest dip in cryptocurrency values. While blockchain technology does seem to have real potential – it is still entirely too new and untested for the majority of organizations to commit significant resources to it. At the same time, being too slow to adapt can spell disaster for even the well-established organizations. Empty Blockbuster, Radio Shack and, soon, Toys R Us stores stand as daily reminders that standing in the way of change means only that you’re waiting to get run over by it.Continue Reading
The Internet of Medical Things (IoMT) refers to the collection of medical devices and applications that communicate to healthcare IT systems through networking technologies. This is part of the wider movement happening in manufacturing, smart homes, energy management and smart cities also known as IoT (Internet of Things). Digital health is rising as consumers are taking more responsibility for their health and are demanding better access to their medical data, with technology organizations and startups finding easier ways to extracting this data and turn it into meaningful insights.Continue Reading
The Internet of things has become a hot topic in the IT and business worlds. It promises numerous benefits, such as more efficient manufacturing and deeper insights into customers. Microsoft has capitalized on this latest technological development by offering an IoT solution.
Read on to learn what IoT is, where it can be deployed, what benefits it provides, and some best practices for launching an IoT project.
The introduction of IoT technology is quickly changing the way organizations operate. More and more companies are turning to IoT with the goal of optimizing production processes and increasing automation regardless of what industries or industry segment they belong to. However, nowhere is this more noticeable than in the manufacturing sector which has been undergoing a true technological revolution.
In the past 10 years, we’ve seen the forces that shape the manufacturing industry – such as regulation, global competition and emerging markets – increasingly shrink profit margins. With so little room to maneuver, companies had to increasingly focus on cutting cost to maximize their ability to stay competitive. The perceived solution to this issue was for a long time seen in offshoring. Cheaper labor costs in South America and Asia allowed US manufacturers to continue their growth at the expected rates over the first two decades of the 21st century.