Posts Tagged: "Kevin Ashton"

The promise of the Internet of Things is the ability to perform analytics on data collected from the smart objects connected to the IoT in order to lead to new knowledge and provide insights to owners, users and servicers of the objects. Thus, simply put, the “digital transformation” being experienced by several industries involves companies shifting away from selling only hardware (e.g., household appliances, jet engines, locomotives, turbines, compressors, motors, etc.), to selling solutions — a suite of hardware equipped with sensors and wireless communications generating valuable data, coupled with analytics software solutions that enable users to monitor, control, diagnose and generally operate such hardware more e ciently (e.g., via remote diagnostics and scheduling preventative maintenance).