Emerging Technologies by Errol S. van Engelen

Author:Errol S. van Engelen [Errol S. van Engelen]
Language: eng
Format: epub
Publisher: Business Expert Press
Published: 2020-07-12T16:00:00+00:00

Examples per Industry

The BoIT is turning quite a few industries upside down. Convergence of Industrial IoT (IIoT) and AI, introduction of Cobots, and usage of augmented reality are some of the significant trends in BoIT applications in Industry 4.0. Statistics associated with the deployment of IIoT solutions indicate that early adopters will be able to generate five times more revenue than late adopters. Companies should ideally focus on narrowing down the business value drivers they are looking to contribute to. This way, they can position their digital strategy with their business goals to utilize IoT platforms efficiently.

Automotive

Here are the biggest ways the BoIT is transforming the automotive industry and our roads, including the topic of self-driving cars:

• BoIT will change the way people drive: By 2030 the standard car will have evolved from assisting drivers to fully taking control. Apart from widespread automation, cars will become more integrated through BoIT technology. Integrated cars with sensors will be able to recognize and communicate with upgraded road signs, markings, and through a network of cameras. The vehicles will also be able to do tasks for drivers.

• BoIT can improve road safety: The BoIT can also be used to make roads safer through alerts that detect accidents and even bad driving. There are already devices that automatically detect collisions and immediately contact emergency services with the location. The same technology can also provide a report to the vehicle’s manufacturer so they can make any improvements. The majority of accidents on the road are down to human error, and these could be reduced through BoIT technology. This is because it can be used to monitor driving habits and send recommendations to the driver.

• BoIT can help solve traffic congestion in cities: The BoIT enables traffic operators to coordinate cars in order to reduce congestion. They can see where common chokepoints are, and identify the time of day when roads are busiest. This information can help engineers and road experts devise plans that can alleviate traffic conditions.

• BoIT can help reduce pollution and energy expenditure: BoIT data can reveal a lot of information about city roads, which can be used to create greener solutions. Let’s take the example of Singapore, as the city aggressively implements congestion charges, not to mention their intent focus on investing in road sensors, phased traffic lights, and smart parking. These BoIT-driven tools have helped them reduce the city’s toxic gas emissions.

• BoIT will lead to better roads: With the BoIT, state and local departments are able to build roads that can help detect road maintenance needs, traffic usage, and accident statistics in a matter of seconds. This will ensure that roads are not left in a poor condition for extended periods of time. In the future BoIT technology will also allow engineers to turn roads into energy sources by using solar energy to power electric vehicles. This will further increase the chances of electric vehicles becoming the norm.

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