I wanted to share with you an excellent article I recently ran into by Mckinsey’s business Technology office. The story’s title is “the Internet of Things” and it is closely related to what Precyse is doing today and our vision of a world of made-smart, interconnected assets. Today, more and more objects are becoming embedded with sensor enabled wireless communication devices – a “cell phone” for assets – gaining the ability to communicate. The resulting information networks promise to create new business models, improve business processes, and reduce costs and risks. “In most organizations, information travels along familiar routes. Proprietary information is lodged in databases and analyzed in reports and then rises up the management chain. Information also originates externally—gathered from public sources, harvested from the Internet, or purchased from information suppliers. But the predictable pathways of information are changing: the physical world itself is becoming a type of information system. In what’s called the Internet of Things, sensors and actuators embedded in physical objects—from roadways to pacemakers—are linked through wired and wireless networks, often using the same Internet Protocol (IP) that connects the Internet. These networks churn out huge volumes of data that flow to computers for analysis. When objects can both sense the environment and communicate, they become tools for understanding complexity and responding to it swiftly. What’s revolutionary in all this is that these physical information systems are now beginning to be deployed, and some of them even work largely without human intervention.”
Precyse is delivering customers with asset network solutions today. Very much like the internet in its early days, these are typically closed-loop asset networks that enables high value assets, like engines or transmissions on an automotive manufacturing line, to communicate their location and status along the process, providing manufacturers with Real Time supply chain Visibility and the ability to exercise proactive, real time management. We see these asset networks expanding all the time, first from the OEM to the supplier, then to ports, vessels and eventually into a global information network that allows assets to communicate with computers and people – adding Anything to the familiar Anywhere, Anytime global communication backbone, making the internet of things a reality. Please feel free to contribute – we are always on the lookout for new ideas or cooperation to shape the future of the internet of things. Post your comments below or get in touch with us today! You can read the full story by Mckinsey here:
Precyse website http://www.precysetech.com/
