Predict a volcanic eruption, save the lives of thousands. That’s the kind of promise the Internet Of Things can make.
With investment forecast to be worth hundreds of billions of dollars over the next decade, the key to is success will be how companies or people leverage the data being generated.
Predictive asset maintenance reduces the chances of an operation going offline, with an increasing number of industrial companies moving away from the traditional react-and-fix model.
Industrial assets are always susceptible to elements beyond their control with the weather playing a significant role.
But Mother Nature is not just about wind, rain and snow. Every now and again she likes to throw something special into the mix.A volcanic eruption, for example.