The fourth wave of the Industrial Revolution, Industry Internet of Things (IIoT) is not only redefining the businesses but also the complete ecosystem. McKinsey reported that B2B IIoT applications would contribute around 70% to the global estimated market of $11.1 trillion by 2025. The traditional business models will be no help to the existing business to gain a competitive advantage, and thus business leaders have to rethink and discover new ways, designs and business models embracing IIoT. Non-ownership business models provide an excellent opportunity to carve mutual benefits by sharing opportunities and downsides and taking responsibility for the uncertainty. Watts in his service provisioning business model lowered the adoption barrier for his revolutionary manufacturing technology by sharing uncertainty. Business models help businesses to translate technology in the economic value, and with the fourth wave of technology, businesses must be ready to discover an … [Read more...] about Redefine business through Industry Internet of Things (IIoT)
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WASHINGTON - Is the dream of one global internet still alive? Increasingly, moves by governments to filter and restrict content are threatening to fragment the system created with the promise of connecting the world with a largely unified body of content. China for years has walled off some western services, and the fragmentation may be accelerating with regulations being imposed elsewhere, say analysts. This is leading to a "splinternet," a term circulated for a decade or more but gaining more traction in recent months. "The internet is already fragmented in material ways, but each regulator around the world thinks they know how to fix the internet," said Eric Goldman, director of the High Tech Law Institute at Santa Clara University. "I think we will see a tsunami of regulations that will lead to a further splintering of the internet." The New Zealand Christchurch mosques massacre livestreamed online heightened the sense of urgency in some countries, with debates in the US and EU on … [Read more...] about Breaking the internet: new regulations imperil global network
By Josh Chin WSJ Sat., Feb. 9, 2019 The global internet is splitting in two. One side, championed in China, is a digital landscape where mobile payments have replaced cash. Smartphones are the devices that matter, and users can shop, chat, bank and surf the web with one app. The downsides: The government reigns absolute, and it is watching—you may have to communicate with friends in code. And don’t expect to access Google or Facebook. On the other side, in much of the world, the internet is open to all. Users can say what they want, mostly, and web developers can roll out pretty much anything. People accustomed to China’s version complain this other internet can seem clunky. You must toggle among apps to chat, shop, bank and surf the web. Some websites still don’t seem to be designed with smartphones in mind. The two zones are beginning to clash with the advent of the superfast new generation of mobile technology called 5G. China aims to be … [Read more...] about The Internet, Divided Between the U.S. and China, Has Become a Battleground.
Nguyen Minh Cuong, principal economist at the Asian Development Bank in Vietnam The early stages of the Fourth Industrial Revolution are now taking place and it will at the same time bring immense opportunities as well as formidable challenges to Vietnam. Over the past two years, there have been various discussions on the impact to the economy and how the country can be prepared to catch up and reap the benefits. Industry 4.0 by nature is aspirational and it reflects the advanced stage of Vietnam’s transformation. It does not happen on purpose at the beginning. Rather, it evolved naturally from the digital era in the early 2000s and expanding to include Artificial Intelligence, the Internet of Things (IoT), 3D printing, Big Data, and cloud computing, with more technical innovations to come in the future. This revolution is penetrating Vietnam incrementally and may fundamentally transform the economy. The country is enduring far-reaching economic restructuring, from labour and … [Read more...] about FTAs to open up markets for Vietnam
Sections SEARCH Skip to content Skip to site index Technology Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by ByVindu Goel Aug. 31, 2018 NEW DELHI — In India, American companies dominate the internet. Facebook’s WhatsApp is the most popular app on phones. Virtually every smartphone runs on Google’s Android system. YouTube is the favorite video platform and Amazon is the No. 2 online retailer. For some Indian political leaders, it is as if their nation — which was ruled by Britain for a century until 1947 — is being conquered by colonial powers all over again. And they are determined to stop it. “As a country, we have to all grow up and say that, you know, enough of this,” Vinit Goenka, a railways official who works on technology policy for India’s governing Bharatiya Janata Party, said at a conference last week. In recent months, regulators and … [Read more...] about India Pushes Back Against Tech ‘Colonization’ by Internet Giants