Four Ways IoT Is Changing the World
These four companies are embracing IoT technologies to transform their business.
July 3, 2017
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Visa partnered with IBM to leverage the cognitive capabilities of IBM’s Watson IoT platform. The collaboration allowed Visa to launch a technology that will allow customers to make payments from any IoT connected device, ranging from an application to a car or a watch. The new technology will not only eliminate the need to use sensitive financial information present on payment cards, but will also introduce a new level of simplicity and convenience to customer journey.
Digital twins are hot. Gartner has pegged the technology as one of the top strategic technology trends of 2017, defining it as “a dynamic software model of a physical thing or system.” Airbus and Schaeffler are using digital twin versions of engines and bearings to transform their production process, improving operation productivity and streamline design. The two companies are using IBM Watson’s IoT platform for these applications.
Bosch recently introduced its new ‘Bosch IoT Rollouts’ service for advanced device management and cloud-based software updates. Bosch will leverage its development and manufacturing expertise as well as the IBM’s Watson IoT platform to update connected devices in a seamless manner and deliver personalized services and experience to customers with connected devices.
SNCF is a leader in passenger and freight transport services in France that has a network of over 15,000 trainers covering more than 30,000 kilometers of track. The company recently announced its collaboration with IBM to help connect its entire rail system, including trains, train stations, and railroad tracks to Watson IoT. Using real-time data collected from sensors, the company will be able to anticipate repair needs and improve the security and availability of its assets. Watch the CTO of SNCF explain more about their approach to better client outcomes with IoT.
SNCF is a leader in passenger and freight transport services in France that has a network of over 15,000 trainers covering more than 30,000 kilometers of track. The company recently announced its collaboration with IBM to help connect its entire rail system, including trains, train stations, and railroad tracks to Watson IoT. Using real-time data collected from sensors, the company will be able to anticipate repair needs and improve the security and availability of its assets. Watch the CTO of SNCF explain more about their approach to better client outcomes with IoT.
By IOT Content Manager
While the term Internet of Things has certainly been hyped, the technology is already proving to be revolutionary. Just consider the impact it has already had on communications, education, manufacturing, science, business, and many other fields. Executives are also upbeat about its potential: 70% agree that it will have anywhere from a moderate to major economic impact on their company in the next three years, according to research from BPI Network.
After attending IBM's Genius of Things Summit as a Futurist by Watson IoT and WIRED Insider, I got a glimpse of IoT's potential in the form of four case studies, which I wrote about at length on LinkedIn and summarize in this slideshow, which could play their own role in changing the world:
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