Re: Industrial IoT: Creating New Business Opportunities
Like a couple of you, my first reaction to the excavation example was to think about privacy and the rights of workers. It was something about the phrasing of it - If he was taking twice as many scoops as average, sure. But just one more than absolute peak efficiency, once? It seems to beg the question of where the limit is on IoT monitoring, and that itself is a conversation worth having. Chris makes a good point, though; the rallying cry against micromanagement has been that happy workers are more productive. I've heard it's a huge problem in asian cultures to appear as busy as possible regardless of how much work you're actually doing. The idiom 'work smarter, not harder' comes to mind. What if the shoveller working at a slightly slower pace makes fewer mistakes or commits fewer safety violations? The IoT monitoring and can pick this up too, and the proof will be in the pudding.
Putting that in it's own box, the technology here is still exciting. The Joy Global site reference using projections to manage the lifecycles of their equipment with customers. Think how much better that process becomes when you add in this kind of real-time data. You can see how people are really using your equipment, better recognize what conditions cause wear on the equipment and why, and base new versions of the products on that, or even roll out specialized products for niche needs. Andrew Froehlich made reference to "Fog Computing" in an article about IT trends last month, and many seemed to think it was a lousy buzzword. This is where it comes in! Managing the data from all those endpoints and deciding what gets processed in the data center or the cloud is a tough job, but it will ease things greatly once the standards are in place. It can't be overstated how this will affect every industry.