When something comes between you and your customers – like not having product in-stock or providing offers that aren't relevant to the customer – it causes delays and makes it harder to complete transactions in a satisfying way. But, an inexpensive sensor, beacon or Radio Frequency Identification (RFID) tag placed
The digital revolution has affected all aspects of business, including supply chains. The Internet of Things (IoT), with its network of devices embedded with sensors is now connecting the consumer to the factory. Technologies such as RFID, GPS, event stream processing (ESP) and analytics are combining to help companies to transform their existing
In 2012, the value of big data equity in the UK was estimated at £12 billion a year or 0.7 percent of the annual Gross Domestic Product (GDP). Four years flew by and the second report by the Centre for Economics and Business Research (Cebr) puts the opportunity at £46
Companies in nearly every industry – from retailers and manufacturers to commercial airlines and health care providers – are all waking up to the opportunities in the Internet of Things. If you're still trying to understand how analyzing IoT data could benefit your business, read a few of the articles
In a recent blog I wrote about how big data is a game changer for the insurance industry. But the question that is often asked “What is big data”? Many people associate big data with the 4 V’s: Volume – The sheer size of data that is produced. Velocity –
In transportation, when an asset is standing still, it is losing money. The same can be said for your business strategy: when you are standing still, you are not innovating or taking advantage of new ways to enhance efficiency or drive profitability. This is true in all industries. In the
Health care is undergoing exponential change, and this year we’ll continue to see the industry launch bold missions to improve the patient experience. With new types of data and technologies, the vision of making health care more personalized and proactive is becoming closer to reality. In my new book “The
What if a reckless driver adopted a more responsible approach because the car insurance pricing was based on driving habits? What if the senior from next door had the insurance payments based on kilometres driven, resulting in significant savings? This may be reality sooner than you think. The Internet of Things will revolutionise
When I walk into my local chicken shop I always feel that Mary, the owner, has roasted chickens, prepared salads and put on extra rice pudding for my family’s Friday night meal. Mary welcomes me with open arms, greets me and my son by first name and always has an
You’d better watch YouTube, you’d better not cry You’d better not post, I’m telling you why Big data is coming to town He’s making many lists (and selling them too), he’s writing it twice (for redundancy’s sake), He’s gonna find out whose naughty or nice Big data is coming to town
