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The 30 Elements of Consumer Value: A Hierarchy

The 30 Elements of Consumer Value: A Hierarchy | Business and Digital transformation | Scoop.it

Measuring —and delivering— what consumers really want. 

We have identified 30 “elements of value”—fundamental attributes in their most essential and discrete forms. These elements fall into four categories: functional, emotional, life changing, and social impact. Some elements are more inwardly focused, primarily addressing consumers’ personal needs. For example, the life-changing element motivation is at the core of Fitbit’s exercise-tracking products. Others are outwardly focused, helping customers interact in or navigate the external world. The functional element organizes is central to The Container Store and Intuit’s TurboTax, because both help consumers deal with complexities in their world.

 


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Farid Mheir's curator insight, April 5, 1:25 PM

WHY IT MATTERS: I find these elements of value to be a very useful tool when crafting digital strategies in B2C organizations. See the full paper in HBR here.

Fabienne Fayad's curator insight, April 12, 9:50 AM
An another way to see the pyramid of Maslow!

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Infographic: The 50 Most Important Life-Saving Breakthroughs in History

Infographic: The 50 Most Important Life-Saving Breakthroughs in History | Business and Digital transformation | Scoop.it
What advances in tech, science, and healthcare have led to the biggest increases in life expectancy? Here are 50 of them that have saved billions of lives.

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An executive’s guide to AI | McKinsey & Company

An executive’s guide to AI | McKinsey & Company | Business and Digital transformation | Scoop.it

Staying ahead in the accelerating artificial-intelligence race requires executives to make nimble, informed decisions about where and how to employ AI in their business. One way  to prepare to act quickly: know the AI essentials presented in this guide.


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Farid Mheir's curator insight, February 26, 5:28 PM

WHY IT MATTERS: McKinsey proposes a high level description of key things to know about AI. Very high level - maybe too much - but great conversation starter for executives.

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Scientists Have Discovered That The Soul Doesn’t Die – It Goes Back To The Universe

Scientists Have Discovered That The Soul Doesn’t Die – It Goes Back To The Universe | Business and Digital transformation | Scoop.it

It turns out that the human brain could be similar to a “biological computer,” and that human consciousness may be like a program which is run by a quantum computer within the brain. What’s even more astonishing is that after someone dies, “their soul comes back to the universe, and it does not die.”

This is all according to American physicist Dr. Stuart Hameroff and mathematical physicist Sir Roger Penrose, both of whom argue that the soul is maintained in micro-tubules of brain cells. The two scientists refer to this process as “Orchestrated Objective Reduction,” or “Orch-OR.” Allegedly, when human beings are “clinically dead,” microtubules in the brain lose their quantum state but are still able to retain the information inside of them.

This theory was recently outlined on The Science Channel’s ongoing documentary show Through the Wormhole, in which Dr. Hameroff elaborates: “Let’s say the heart stops beating, the blood stops flowing; the micro-tubules lose their quantum state. The quantum information within the micro-tubules is not destroyed, it can’t be destroyed, and it just distributes and dissipates to the universe at large.

If the patient is resuscitated, revived, this quantum information can go back into the micro-tubules and the patient says ‘I had a near-death experience.’ If they’re not revived, and the patient dies, it’s possible that this quantum information can exist outside the body, perhaps indefinitely, as a soul.”

Hameroff’s words suggest that human souls are much more than mere “interactions” of neurons in the brain. In fact, this theory indicates that these “souls” could have existed since the very beginning of time itself. And with all of the recent discoveries pertaining to dark energy and dark matter—substances which humans cannot see or interact with, but substances which we know exist, nevertheless—this theory could end up explaining things that are even more mysterious and fascinating.


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8 videos that demonstrate the digital transformation in manufacturing #DigitalThread @MIT @MITSloan @Deloitte

8 videos that demonstrate the digital transformation in manufacturing #DigitalThread @MIT @MITSloan @Deloitte | Business and Digital transformation | Scoop.it

A new video series from MIT Sloan Management Review and Deloitte Insights follows the creation of an aviation part as it moves along the “digital thread,” creating a growing knowledge base of data and feedback as it evolves from design to final testing.


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Farid Mheir's curator insight, February 27, 3:21 PM

WHY IT MATTERS: a 9 part video series that shows what digital transformation means in the context of an airplane part fabrication from ideation/creation to production. It puts digital transformation concepts in practice with real-life examples.

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Amazon Just Announced Two-Hour Grocery Delivery From Whole Foods and other retailers are joining the craze - is grocery delivery the Holy Grail of the last mile that makes online eCommerce fast and...

Amazon Just Announced Two-Hour Grocery Delivery From Whole Foods and other retailers are joining the craze - is grocery delivery the Holy Grail of the last mile that makes online eCommerce fast and... | Business and Digital transformation | Scoop.it

Traditional retailers like Albertsons, Walmart, and Target are clambering to acquire delivery-focused tech startups to arm themselves against Amazon as it moves into the grocery space.


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Farid Mheir's curator insight, February 12, 12:28 PM

WHY IT MATTERS: distribution is the final frontier, the last nut to crack in eCommerce today - as most other aspects, from technology to processes to business models, have already been solved. Distribution remains costly and often an area that retailers - pure plays as well as brick and mortar - struggle with.

As discussed in the past, grocery food delivery appears to be the holy grail of delivery: 1) put trucks on the road with fixed schedules to deliver groceries as the milkmen did in the past 2) manage to break even on these deliveries as this pays for fixed costs - all other deliveries have only a marginal cost and thus become essentially "free"

FlashWebsiteHeader's curator insight, February 28, 4:28 AM

 

Lay out the substance. The key is to keep your Custom brochure design company basic and successful. An excess of data may make the pamphlet seem jumbled. Therefore, your message will be lost. Farthest point the quantity of hues used to in the vicinity of two and four and utilize each shading reliably. For instance, utilize one shading for the headings and subheadings, and another for general content.

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JPMorgan's massive guide to machine learning jobs in finance: summary of a 280 page report.

JPMorgan's massive guide to machine learning jobs in finance: summary of a 280 page report. | Business and Digital transformation | Scoop.it

In May, J.P. Morgan’s quantitative investing and derivatives strategy team, issued the most comprehensive report ever on big data and machine learning in financial services.
Titled, ‘Big Data and AI Strategies’ and subheaded, ‘Machine Learning and Alternative Data Approach to Investing’, the report says that machine learning will become crucial to the future functioning of markets. Analysts, portfolio managers, traders and chief investment officers all need to become familiar with machine learning techniques. If they don’t they’ll be left behind: traditional data sources like quarterly earnings and GDP figures will become increasingly irrelevant as managers using newer datasets and methods will be able to predict them in advance and to trade ahead of their release.


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Farid Mheir's curator insight, January 22, 6:38 PM

WHY IT MATTERS: AI will disrupt industries that had been left mostly alone by the digital Internet revolution: Finance, Accounting, Law, Medecine, etc. They are all industries that rely on visual or text analysis but require very simple processing to perform the most routine back office tasks. This report presents the impact in very detailed fashion and this summary is useful because it applies to many industries, if you adjust the terminology. It highlights one key element: learn to program and to analyze data because these are the jobs of the (near) future. For those crazy enough to read the 280 pages, here is the link: http://valuesimplex.com/articles/JPM.pdf 

Graphics Design's curator insight, January 30, 7:51 AM

In the event that somebody says "please" and you hear "cheddar" recall that (record it). On the off chance that somebody says "entryway" and you hear "more" focus on that, don't disregard it or shut it out or accuse the speaker, simply perceive that it happened. Try not to contend with anyone or focus on their "you require a portable Hearing Aids". Watch your days concerning sound, what is the number on the TV volume control when you watch it without anyone else's input - what is the number when another person in the house is controlling

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Turns Out This Fitness App May Be Leaking US Base Locations And National Security Secrets

Turns Out This Fitness App May Be Leaking US Base Locations And National Security Secrets | Business and Digital transformation | Scoop.it
Sensitive national security information appears to have been exposed by a popular fitness tracking app.

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Richard Platt's curator insight, January 29, 10:37 PM

Man give a brother a break on this, please help me up onto my soapbox for sec, if you will permit.  Look I'm a vet and when you see that the US govt and the companies that serve serviceman can't keep important data like their exercise data secure, well you've got to ask yourself, are we doing enough on cyber security in our system's design process up front?!  - What we can say is that we are not doing the necessary, and proactive stance of designing in security up front.  Look folks we are in a brand new world with all of this high tech stuff all over and embedded in our lives and lifestyles, we've got to do a better job on this.  --  So here's the story, sensitive information about the locations of known and unknown American military bases and overseas operations centers, as well as the regular activities of U.S. military personnel, appears to have been exposed by a fitness tracking appThe interactive Global Heat Map, published by Strava last November, highlights the fitness activities of its 27 million global users, including mobile app users and people with fitness devices. This weekend, analysts discovered that the map is detailed enough to reveal regular movement at military installations, according to multiple reports.  In less developed regions, such as the Middle East, American and other foreign military installations tend to light up like Christmas trees on Strava’s new map.  The map, a new feature for the popular exercise app used by military personnel and civilians alike, was created to show hot routes for runners and cyclists, but analysts have noticed that in addition to tracking down bases, Strava’s global fitness map can also be used to identify regular patrol routes.

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Impact of the Fourth Industrial Revolution on Supply Chains HT @JimMarous @MikeQuindazzi @wef #banking #AI #IoT #robotics #blockchain #wearable #AR #Analytics #voicefirst

Impact of the Fourth Industrial Revolution on Supply Chains HT @JimMarous @MikeQuindazzi @wef  #banking #AI #IoT #robotics #blockchain #wearable #AR #Analytics #voicefirst | Business and Digital transformation | Scoop.it

Disruptive technologies are transforming all end-to-end steps in production and business models in most sectors of the economy. The products that consumers demand, factory processes and footprints, and the management of global supply chains are being re-shaped to an unprecedented degree and at unprecedented pace. Industry leaders who were consulted believe that new technological solutions heralded by the Fourth Industrial Revolution – such as advanced robotics, autonomous systems and additive manufacturing – will revolutionize traditional ways of creating value. As the costs of deploying technology continue to fall, international differentials in labour costs will no longer be a decisive factor in choosing the location of production.

The resulting greater spatial and temporal flexibility brought about by technology will bring locations of production and sale closer together, and drive major changes in the design of future value and supply chains. These trends will change the shape and form of globalization, and thereby impact the trajectory of goods. Regional and local flows will become more important, to the detriment of intercontinental trade.


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Farid Mheir's curator insight, December 18, 2017 5:54 PM

WHY IT MATTERS: the world economic forum keeps putting out great reports on the impact of digital transformation. I love the illustrations, great summary of key trends and their adoption. Must read.

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Cyber-Risk & Resilience 2017 details large-scale #cyberattacks & #online threats to #businesses are rising exponentially #tech #digital #data #business #hack #blockchain via @Raconteur @kuriharan

Cyber-Risk & Resilience 2017 details large-scale #cyberattacks & #online threats to #businesses are rising exponentially #tech #digital #data #business #hack #blockchain via @Raconteur @kuriharan | Business and Digital transformation | Scoop.it

In an evermore connected world, large-scale cyberattacks and online threats to businesses are rising exponentially. The Cyber-Risk & Resilience special report, published in The Sunday Times, features insights into the impact cybercriminals can inflict on organisations and individuals. From chatbots spreading fake news, risks concerning personal data, biometrics and fraud, as well as tackling phishing emails, the potential dangers are unprecedented. Also included is an infographic on why hackers hack and an article on the top five ways quantum computing will change cybersecurity for good.


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Farid Mheir's curator insight, December 18, 2017 9:58 AM

WHY IT MATTERS: the more we digitize our businesses and our lives the more we are exposed to hacking. The explosion of cryptocurrencies hacking and recent months appears to be a strong trend. A great series of articles on the subject is presented here.

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.@Stanford conducting a 100 Year Study on Artificial Intelligence #AI #AI100 #WOW

.@Stanford conducting a 100 Year Study on Artificial Intelligence #AI #AI100 #WOW | Business and Digital transformation | Scoop.it
Stanford University has invited leading thinkers from several institutions to begin a 100-year effort to study and anticipate how the effects of artificial intelligence will ripple through every aspect of how people work, live and play.

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Farid Mheir's curator insight, December 4, 2017 6:33 PM

WHY IT MATTERS: anyone committing to a 100-year study is worth my attention. And to have the best in the field do that I find is just the best way for future generations to understand the context in which we make decisions regarding how AI develops. Fascinating. Just look at the topics they cover:

  1. Technical trends and surprises
  2. Key opportunities for AI
  3. Delays with translating AI advances into real-world value. 
  4. Privacy and machine intelligence. 
  5. Democracy and freedom. 
  6. Law. 
  7. Ethics. 
  8. Economics. 
  9. AI and warfare. 
  10. Criminal uses of AI. 
  11. Collaborations with machines. 
  12. AI and human cognition. 
  13. Safety and autonomy. 
  14. Loss of control of AI systems. 
  15. Psychology of people and smart machines. 
  16. Communication, understanding, and outreach. 
  17. Neuroscience and AI. 
  18. AI and philosophy of mind.
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.@Stanford release the #AI index for 2017 full of data and analysis on the state of AI today #mustRead

.@Stanford release the #AI index for 2017 full of data and analysis on the state of AI today #mustRead | Business and Digital transformation | Scoop.it

The AI Index is an open, not-for-profit project to track activity and progress in AI. It aspires to be a comprehensive resource of data and analysis for policymakers, researchers, executives, journalists and others to rapidly develop intuitions about the complex field of AI.
AI is the new electricity, and is transforming multiple industries. The AI Index will help current generations track and navigate this societal transformations. It will also help future generations look back and understand the AI's rise.


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Farid Mheir's curator insight, December 4, 2017 6:46 PM

WHY IT MATTERS: AI evolves rapidly and this report presents the state of the world (mostly the US at this time) as it relates to AI. Must read.

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73% of Executives Are Researching & Launching IoT Projects In 2017

73% of Executives Are Researching & Launching IoT Projects In 2017 | Business and Digital transformation | Scoop.it
73% of senior executives are either researching or currently deploying IoT. The IoT platform market is expected to grow 35% per year to $1.16B by 2020. These and many other fascinating findings are from Verizon’s State of the Market: Internet of Things 2017, Making way for the enterprise

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Richard Platt's curator insight, September 27, 2017 7:05 PM

Key takeaways from the study include the following:

  • Manufacturing-based IoT connections grew 84% between 2016 and 2017, followed by energy & utilities (41%). Transportation and distribution (40%), smart cities and communities (19%) and healthcare and pharma (11%) are the remaining three industries tracked in the study who had positive growth in the number of IoT connections. The following graphic compares year-over-year growth by industry for the 2016 to 2017 timeframe.
  • Manufacturing is predicted to lead IoT spending in 2017 with $183B invested this year. Verizon’s study predicts that transportation and utilities will have the second and third-largest capital expenses in IoT this year. Insurance, consumer and cross-industry IoT investments including connected vehicles and smart buildings will see the fastest overall growth in 2017.
  • The IoT platform market is expected to grow 35% per year to $1.16B by 2020. From well-established enterprise service providers to startups, the platform market is becoming one of the most competitive within the global IoT ecosystem. The design objective of all IoT platforms is to provide a single environment for enabling API, Web Services and custom integrations that securely support enterprise-wide applications. Please see the post What Makes An Internet Of Things (IoT) Platform Enterprise-Ready? for an overview of the Boston Consulting Group’srecent IoT study, Who Will Win The IoT Platform Wars?
  • Improving the customer experience and excel at customer service by gaining greater insights using IoT leaders enterprises’ investment priorities. 33% of enterprises interviewed prioritize using IoT technologies and the insights it’s capable of providing to excel at customer service. 26% intend to use IoT technologies to improve asset management and increase Return on Assets (ROA) and Return on Invested Capital (ROIC). Consistent with how dominant manufacturing’s investment plans are for IoT this year, production and delivery capabilities are the top deployment priority for 25% of all businesses interviewed.
  • IoT has the potential to revolutionize pharmaceutical supply chains by drastically reducing drug counterfeiting globally. It’s estimated that counterfeit drugs cost the industry between $75B to $200B annually. The human costs of treating those who have been sold counterfeit drugs back to health are incalculable. IoT platforms and systems have the potential to drastically reduce the costs of counterfeiting, both on a personal impact and market standpoint. Drug manufacturers operating in the United States have until November 2017 to mark packages with a product identifier, serial number, lot number and expiration date, plus electronically store and transfer all transaction histories, including shipment information, across their distribution supply chains. Pharmaceutical manufacturers have a high level of urgency to make this happen and stay in compliance with the US Drug Supply Chain Security Act. IoT solutions are flourishing in this industry as a result.
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Interactive map shows where your neighbours were born - Où sont nés vos voisins? #Canada #BigData @LeDevoir

Interactive map shows where your neighbours were born - Où sont nés vos voisins? #Canada #BigData @LeDevoir | Business and Digital transformation | Scoop.it

Découvrez le pays d’origine de chacun des 34 460 065 Canadiens avec notre carte interactive.


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Farid Mheir's curator insight, March 11, 5:46 PM

WHY IT MATTERS: doesn't matter but interesting nevertheless...

Kami Campbell's curator insight, March 29, 6:58 PM
via KAMI CAMPBBELL
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AI May Soon Replace Even the Most Elite Consultants - something like a #GoogleAssistant or #Siri or #Alexa for business solutions

AI May Soon Replace Even the Most Elite Consultants - something like a #GoogleAssistant or #Siri or #Alexa for business solutions | Business and Digital transformation | Scoop.it

The bottom line: corporate leaders, knowingly or not, are on the cusp of a major disruption in their sources of advice and information. “Quant Consultants” and “Robo Advisers” will offer faster, better, and more profound insights at a fraction of the cost and time of today’s consulting firms and other specialized workers. It is likely only a matter of time until all leaders and management teams can ask Alexa things like, “Who is the biggest risk to me in our key market?”, “How should we allocate our capital to compete with Amazon?” or “How should I restructure my board?”


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Farid Mheir's curator insight, March 11, 2:39 PM

WHY IT MATTERS: AI will most likely augment our capabilities before replacing us altogether. This paper explores what it may mean to have a specialized assistant next to you for your professional tasks and activities..

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The first 100 days of a new CIO: Nine steps for wiring in success via @McKinsey

The first 100 days of a new CIO: Nine steps for wiring in success via @McKinsey | Business and Digital transformation | Scoop.it

It’s critical to get a good start when stepping into the CIO role. Consider several measures when you shape your course.


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Farid Mheir's curator insight, February 26, 4:25 PM

WHY IT MATTERS: always good to do these 9 things when you start a new role in digital technology - CIO or not. 

Fabienne Fayad's curator insight, March 10, 10:34 AM
Vraiment pertinent pour tout nouveau poste exécutif.
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#AI vs #Lawyers: a 40-page study shows AI already is as good as experienced lawyers on certain common tasks via @LawGeex HT @gnat

#AI vs #Lawyers: a 40-page study shows AI already is as good as experienced lawyers on certain common tasks via @LawGeex HT @gnat | Business and Digital transformation | Scoop.it

In a landmark study, 20 experienced US-trained lawyers were pitted against the LawGeex Artificial Intelligence algorithm. The 40-page study details how AI has overtaken top lawyers for the first time in accurately spotting risks in everyday business contracts.


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Farid Mheir's curator insight, February 27, 4:23 PM

WHY IT MATTERS: automation of certain common repetitive tasks in law firms and other professional services organizations has become a reality with the advent of artificial intelligence.

Chong Jiaxuan's comment, March 13, 9:52 AM
Traditional jobs like lawyers, doctors and teachers have been believed to be never replaceable by AI. However, this study proves this belief wrong. AI seems to be more accurate, efficient and cheaper than a lawyer. This may potentially pose a problem as people might want to choose the alternative, all-round better option that is AI, compared to a human lawyer, displacing thousands of people from their job. However, this may create new job opportunities as well, like the creators and programmers of AI to replace lawyers. In my opinion, AI seems to be pretty scary as their abilities seem to be limitless. Human’s own creation could very well turn against humans in the future.
MoMansouri's curator insight, March 18, 10:59 AM

Le mois dernier aux US, une IA aurait "battu" d'émérites avocats américains dans l'évaluation juridique de contrats (taux d'exactitude de 94% pour l'IA contre 85% pour les avocats, en 26 secondes vs. 92 minutes). Je ne suis pas partisan de ce type de mise en opposition "Homme vs. Machine" qui nourrit craintes et fantasmes... Au contraire, l'IA, en tant qu'outil, me semble devoir être considérée comme une véritable alliée des praticiens, leur permettant ainsi de se concentrer sur des services à valeur ajoutée. A mes amis/contacts, particulièrement les juristes, comment imaginez-vous l'avenir de la profession au vu des avancées du Machine Learning et des procédés de traitement du langage naturel ? Vos points de vue sont les bienvenus !

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The 10 Grand Challenges Facing Robotics in the Next Decade

The 10 Grand Challenges Facing Robotics in the Next Decade | Business and Digital transformation | Scoop.it

Robotics research has been making great strides in recent years, but there are still many hurdles to the machines becoming a ubiquitous presence in our lives. The journal Science Robotics has now identified 10 grand challenges the field will have to grapple with to make that a reality.


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Farid Mheir's curator insight, February 11, 5:38 PM

WHY IT MATTERS: we think of robots either what we see on automobile production floors (arms+welder) or as futuristic Terminator human-like machine that does not exist yet. In between, there are many innovations that must happen to bring us closer to a versatile human-like robot.

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[INFOGRAPHIE] Guide des formats optimaux sur les réseaux sociaux : édition 2018 #Facebook #LinkedIn #twitter #instagram #blogging @adviso

[INFOGRAPHIE] Guide des formats optimaux sur les réseaux sociaux : édition 2018 #Facebook #LinkedIn #twitter #instagram #blogging @adviso | Business and Digital transformation | Scoop.it

Maximisez vos efforts sur les réseaux sociaux en suivant les conseils retrouvés dans notre infographie sur les formats optimaux en 2018 !


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Farid Mheir's curator insight, February 19, 3:37 PM

WHY IT MATTERS: social media has become essential for digital and it has become an expertise to format posts and interactions to get success on the most important social networks. Friends at Adviso have prepared this handy list - in french!

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Senior citizens will lead the self-driving revolution

Senior citizens will lead the self-driving revolution | Business and Digital transformation | Scoop.it
Largest retirement community in the US gets robot taxis courtesy of startup Voyage

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Karolina Maria Chachulska's curator insight, January 11, 10:05 PM

"Self-driving startups get to boast about providing a real service for people in need, while seniors get to lord over their grandchildren about being early adopters of a bold new technology. They’re also getting something a little more valuable: Voyage is giving the owners of The Villages and the smaller San Jose development equity stakes of 0.3% and 0.2%, respectively, according to The Information."

Richard Platt's curator insight, January 13, 8:37 AM

Self-driving startups get to boast about providing a real service for people in need, while seniors get to lord over their grandchildren about being early adopters of a bold new technology. They’re also getting something a little more valuable: Voyage is giving the owners of The Villages and the smaller San Jose development equity stakes of 0.3% and 0.2%, respectively, according to The Information.

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Where people go to play: Strava Global Heatmap aggregates 1B activities and 13T data points to show where people run & bike in the world #BigData #Maps

Where people go to play: Strava Global Heatmap aggregates 1B activities and 13T data points to show where people run & bike in the world #BigData #Maps | Business and Digital transformation | Scoop.it

Over 1 billion activities, 13 trillion data points create the ultimate map of athlete playgrounds.


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Farid Mheir's curator insight, December 31, 2017 12:18 PM

WHY IT MATTERS: IOT and wearables are giving us a whole new way to see our world. Here, Strava fitness app has built a new world map to show where people go to play and exercise.

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#Agile approaches are getting implemented in organizations for more than #Software #Development via @BCG

#Agile approaches are getting implemented in organizations for more than #Software #Development via @BCG | Business and Digital transformation | Scoop.it

For most companies, agile is confined to software development—but it doesn’t need to be. Increasingly, forward-thinking companies are taking advantage of the same agile techniques that have transformed software development. Now they are successfully deploying these techniques in other core business units, from marketing to human resources to finance. When companies implement agile across their entire organizations, ways of working improve dramatically. Agile methods are more collaborative and creative and can be more efficient than other business models. But companies must first understand why their current business structures need to change.


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Farid Mheir's curator insight, December 22, 2017 1:01 PM

WHY IT MATTERS: software developers have proven for years that agile approaches deliver much better results than tradition approaches dubbed "waterfall". I believe that because I have lived it many times. Now it is time for others in the organization to embrace agile approaches. And for those that know agile, remember that I always prefer to have pigs on my projects (for others, read this https://www.implementingscrum.com/2006/09/11/the-classic-story-of-the-pig-and-chicken/)

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Ranking: Top 20 Companies Enabling Predictive Maintenance

Ranking: Top 20 Companies Enabling Predictive Maintenance | Business and Digital transformation | Scoop.it
Predictive Maintenance is a leading use cases for the Industrial IoT and Industry 4.0. These are the top 20 predictive maintenance companies

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Richard Platt's curator insight, December 15, 2017 3:17 AM

In a nutshell, predictive maintenance strategies are based on the combination of traditional condition monitoring enhanced with analytics algorithms, thus enabling the prediction of machine failures before they occur. IoT and advances in analytics are driving market adoption with users of the technology reporting 25%-30% efficiency gains, according to research.

As part of our research, we identified 110 of the technology firms that have worked on Predictive Maintenance implementations in the past, stemming from five different segments:

  • Condition Monitoring Hardware
  • Industrial Automation Hardware
  • Connectivity
  • Storage & Platform
  • Analytics

We also analyzed startups, most of which offer software solutions for Predictive Maintenance, including platform and analytics.

To better understand how active individual companies are in the domain of Predictive Maintenance, we calculated a company ranking for Predictive Maintenance companies – based on the same methodology as the popular IoT Company Ranking and based on data from 2016.

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Chart of the day: How life expectancy has changed over 200 years

Chart of the day: How life expectancy has changed over 200 years | Business and Digital transformation | Scoop.it
Does your income effect how long you live? Here's what over 200 years of data tells us.

Via Enzo Calamo
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Most U.S. airlines set to limit use of 'smart bags'

Most U.S. airlines set to limit use of 'smart bags' | Business and Digital transformation | Scoop.it
Delta and Alaska follow American Airlines in banning popular new smart bags, and United and Southwest are weighing their own bans.

Via Richard Platt
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Richard Platt's curator insight, December 5, 2017 11:27 PM

"Smart bags, also known as smart luggage, have become more popular over the last few months, and they are expected to be a popular gift this holiday season," said American Airlines. "However, smart bags contain lithium battery power banks, which pose a risk when they are placed in the cargo hold of an aircraft."  The bags generally have USB ports where customers can recharge their phones and other devices. They might also have GPS to track the bag's location in case it gets lost, electronic locks and a weight scale to prevent overpacking. Some even a motor to propel the bags so that they can double as a scooter or just follow their owner around the airport.  Airlines are worried that the batteries could cause a fire in the cargo hold that would go undetected. Most of the bans will allow fliers to check the bags if the battery can be removed and carried by the passenger in the cabin. But many of the bags already on the market have batteries that can't be removed.

American was the first U.S. carrier to announce a new policy Friday to require passengers checking smart luggage to remove the lithium ion batteries. If the bag will be traveling in the cabin, the battery can remain installed as long as it is powered off.

Now Delta Air Lines and Alaska Airlines have announced similar policies set to take effect on Jan. 15. Both airlines will requiring that even carry on bags must have the batteries that removed.