Speeding High-Tech Innovation

Since the 1960s, Dr. Gordon Moore’s prediction that computing performance will double every 12 to 18 months has held true. More recently, the gains in computing performance have been enabled by a combination of hardware and software technologies, such as multi-core, multi-threaded designs. The conveniences of the modern world — ubiquitous communication through internet-enabled phones, electronic payments and digital streaming, to name a few, are partly due to continuous engineering innovations delivered through cheaper, faster, more-precise electronics. Continue reading

Digital Twins Enable Industrial Internet of Things Opportunities

Digital twins, supported by sensors and communication infrastructure, are rapidly changing the business models at many companies and are expected to create trillions in global economic value. In 2014, at the 3rd Annual Minds & Machines Conference, General Electric Chairman and CEO Jeffrey Immelt declared, “If you went to bed last night as an industrial company, you are going to wake up in the morning as a software and analytics company.” He announced that GE would make its Predix operating system for powering the industrial internet to any company in 2015. Yet, despite the excitement that year data from Accenture shows that only 10 percent of market leaders understand the underlying business models and long-term implications of IIoT and digital twins. Continue reading