Usage-Based-Insurance (UBI) is also known as Pay-As-You-Drive (PAYD) or Pay-How-You-Drive (PHYD), a way for car owners to insure their vehicle using Internet of Things (IoT) technology to collect useful information from the vehicle to determine their insurance premiums.
The Internet of Things (IoT) is a rapidly developing market, involving connecting devices to the Internet to utilise data they create. Forecasts indicate billions of connected devices within the next few years. So where are they and how are they being connected?
Leak detection, of gas or liquid, in pipelines, is traditionally conducted by field technicians making periodic or re-active visits to take manual or mobile logging of measurements. Using IoT technologies, especially connected leak detection sensors to automate measurements, gives industry sectors such as oil and gas, manufacturing, agriculture, water and gas utilities, increased visibility of leak incidents.
Environmental monitoring covers a wide range of applications for the IoT. It involves everything from air quality (levels of Carbon Dioxide, Nitrogen Oxides and particulates in urban environment) to water quality and smoke detection when forest fires start. Using IoT environmental sensors for these various applications can take an otherwise labour-intensive process and make it simple and efficient.
The world today is witnessing a new age of digital transformation that will also require manufacturers to rethink their existing business models and corresponding industrial automation infrastructures. To remain relevant and competitive in the age of “Industry 4.0”, manufacturers need to do more than simply adopt digital technologies and deploy pre-defined processes in isolated islands of automation as they have done in the past.
Modern factories are increasingly deploying AS/RS and AGV systems in their facilities worldwide to optimize production efficiency and reliability. This has led to an increase in industrial traffic on factory floors and within their facilities. To be able to monitor and control the AS/RS and AGV systems, as well as other moving equipment, the control centers in these factories need uninterrupted connectivity with the equipment and vehicles.
Brea, California, March 26, 2019— Moxa Inc., a leader in industrial communications and networking, is delighted to announce its participation in the OPC Foundation Field Level Communications (FLC) initiative as part of its ongoing commitment to the development of timesensitive networking (TSN) technologies. For this reason, Moxa has also become one of the initial supporters of the FLC Steering Committee, featuring a lineup of leading industrial automation companies…
Smart manufacturing and digital transformation, coupled with edge intelligence, are enabling manufacturers to increase productivity, reduce downtime, and increase product quality. A key factor in the success of this transformation is the deployment of intelligent edge-computing solutions that can bridge the gap between the operation technology (OT) and the information technology (IT) worlds by providing a number of benefits.