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MindSphere
MindSphere is an industrial IoT as a service solution developed by Siemens for applications in the context of the Internet of Things ( IoT).Naujoks, Stefanie. “MindSphere – Siemens cloud for industry: What is it all about?” pac-online.com. Retrieved 2016-05-09. MindSphere stores operational data and, makes it accessible through digital applications (“MindSphere applications”) to allow industrial customers to make decisions based on valuable factual information.Weinländer, Markus. (2017) Industrielle Kommunikation: Basistechnologie für die Digitalisierung der Industrie. Beuth Verlag. pp. 59-60. . The system is used in applications such as automated production and vehicle fleet management.Reinheimer, Stefan. (ed.) (2017) Industrie 4.0: Herausforderungen, Konzepte und Praxisbeispiele. Springer Verlag. p. 26. . Assets can be securely connected to MindSphere with auxiliary MindSphere products (e.g. Data Capture Unit, MindConnect IoT2040 or MindConnect Nano) that collect ...
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Siemens
Siemens AG ( ) is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad. The principal divisions of the corporation are ''Industry'', ''Energy'', ''Healthcare'' (Siemens Healthineers), and ''Infrastructure & Cities'', which represent the main activities of the corporation. The corporation is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the corporation's total sales, is its second-most profitable unit, after the industrial automation division. In this area, it is regarded as a pioneer and the company with the highest revenue in the world. The corporation is a component of the Euro Stoxx 50 stock market index. Siemens and its subsidiaries employ approximately 303,000 people worldwide and reported global revenue of around €62 billion in 2021 according to its earnings release. History 1847 to ...
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Internet Of Things
The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks. Internet of things has been considered a misnomer because devices do not need to be connected to the public internet, they only need to be connected to a network and be individually addressable. The field has evolved due to the convergence of multiple technologies, including ubiquitous computing, commodity sensors, increasingly powerful embedded systems, as well as machine learning.Hu, J.; Niu, H.; Carrasco, J.; Lennox, B.; Arvin, F.,Fault-tolerant cooperative navigation of networked UAV swarms for forest fire monitoring Aerospace Science and Technology, 2022. Traditional fields of embedded systems, wireless sensor networks, control systems, automation (including Home automation, home and building automation), indepen ...
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Predictive Maintenance
Predictive maintenance techniques are designed to help determine the condition of in-service equipment in order to estimate when maintenance should be performed. This approach promises cost savings over routine or time-based preventive maintenance, because tasks are performed only when warranted. Thus, it is regarded as condition-based maintenance carried out as suggested by estimations of the degradation state of an item. The main promise of predictive maintenance is to allow convenient scheduling of corrective maintenance, and to prevent unexpected equipment failures. The key is "the right infor equipment lifetime, increased plant safety, fewer accidents with negative impact on environment, and optimized spare parts handling. Predictive maintenance differs from preventive maintenance because it relies on the actual condition of equipment, rather than average or expected life statistics, to predict when maintenance will be required. Typically, Machine Learning approaches are ado ...
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OPC Foundation
The OPC Foundation (Open Platform Communications, formerly Object Linking and Embedding for Process Control) is an industry consortium that creates and maintains standards for open connectivity of industrial automation devices and systems, such as industrial control systems and process control generally. The OPC standards specify the communication of industrial process data, alarms and events, historical data and batch process data between sensors, instruments, controllers, software systems, and notification devices. The OPC Foundation started in 1994, as a task force comprising five industrial automation vendors ( Fisher-Rosemount, Rockwell Software, Opto 22, Intellution, and Intuitive Technology), with the purpose of creating a basic OLE for Process Control specification. OLE is a technology developed by Microsoft Corporation for the MS Windows operating system. The task force released the OPC standard in August 1996. The OPC Foundation was chartered to continue developme ...
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Original Equipment Manufacturer
An original equipment manufacturer (OEM) is generally perceived as a company that produces non-aftermarket parts and equipment that may be marketed by another manufacturer. It is a common industry term recognized and used by many professional organizations such as SAE International, ISO, and others. However, the term is also used in several other ways, which causes ambiguity. It sometimes means the maker of a system that includes other companies' subsystems, an end-product producer, an automotive part that is manufactured by the same company that produced the original part used in the automobile's assembly, or a value-added reseller.Ken Olsen: PDP-1 and PDP-8 (page 3)
, economicadventure.com


Automotive parts

When referring to auto parts, OEM refers to the manufactur ...
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Amazon Web Services
Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon.com, Amazon that provides Software as a service, on-demand cloud computing computing platform, platforms and Application programming interface, APIs to individuals, companies, and governments, on a metered pay-as-you-go basis. These cloud computing web services provide distributed computing processing capacity and software tools via AWS server farms. One of these services is Amazon Elastic Compute Cloud (EC2), which allows users to have at their disposal a Virtualization, virtual Computer cluster, cluster of computers, available all the time, through the Internet. AWS's virtual computers emulate most of the attributes of a real computer, including hardware central processing units (CPUs) and graphics processing units (GPUs) for processing; local/Random-access memory, RAM memory; hard-disk/Solid-state drive, SSD storage; a choice of operating systems; networking; and pre-loaded application software such as web servers, dat ...
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Microsoft Azure
Microsoft Azure, often referred to as Azure ( , ), is a cloud computing platform operated by Microsoft for application management via around the world-distributed data centers. Microsoft Azure has multiple capabilities such as software as a service (SaaS), platform as a service (PaaS) and infrastructure as a service (IaaS) and supports many different programming languages, tools, and frameworks, including both Microsoft-specific and third-party software and systems. Azure, announced at Microsoft's Professional Developers Conference (PDC) in October 2008, went by the internal project codename "Project Red Dog", and was formally released in February 2010 as Windows Azure, before being renamed Microsoft Azure on March 25, 2014. Services Microsoft Azure uses large-scale virtualization at Microsoft data centers worldwide and it offers more than 600 services. Compute services * Virtual machines, infrastructure as a service (IaaS) allowing users to launch general-purpose Mi ...
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Alibaba Cloud
Alibaba Cloud, also known as Aliyun (), is a cloud computing company, a subsidiary of Alibaba Group. Alibaba Cloud provides cloud computing services to online businesses and Alibaba's own e-commerce ecosystem. Its international operations are registered and headquartered in Singapore. Alibaba Cloud offers cloud services that are available on a pay-as-you-go basis, and include elastic compute, data storage, relational databases, big-data processing, anti-DDoS protection and content delivery networks (CDN). It is the largest cloud computing company in China, and in Asia Pacific according to Gartner. Alibaba Cloud operates data centers in 24 regions and 74 availability zones around the globe. As of June 2017, Alibaba Cloud is placed in the Visionaries' quadrant of Gartner's Magic Quadrant for cloud infrastructure as a service, worldwide. History * September 2009 – Alibaba Cloud is founded and R&D centers and operation centers are subsequently opened in Hangzhou, Beijing, a ...
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Internet Of Things
The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks. Internet of things has been considered a misnomer because devices do not need to be connected to the public internet, they only need to be connected to a network and be individually addressable. The field has evolved due to the convergence of multiple technologies, including ubiquitous computing, commodity sensors, increasingly powerful embedded systems, as well as machine learning.Hu, J.; Niu, H.; Carrasco, J.; Lennox, B.; Arvin, F.,Fault-tolerant cooperative navigation of networked UAV swarms for forest fire monitoring Aerospace Science and Technology, 2022. Traditional fields of embedded systems, wireless sensor networks, control systems, automation (including Home automation, home and building automation), indepen ...
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Industry 4
The Fourth Industrial Revolution, 4IR, or Industry 4.0, conceptualizes rapid change to technology, industries, and societal patterns and processes in the 21st century due to increasing interconnectivity and smart automation. The term has been used widely in scientific literature, and in 2015 was popularized by Klaus Schwab, the World Economic Forum Founder and Executive chairman. Schwab asserts that the changes seen are more than just improvements to efficiency, but express a significant shift in industrial capitalism. A part of this phase of industrial change is the joining of technologies like artificial intelligence, gene editing, to advanced robotics that blur the lines between the physical, digital, and biological worlds. Throughout this, fundamental shifts are taking place in how the global production and supply network operates through ongoing automation of traditional manufacturing and industrial practices, using modern smart technology, large-scale machine-to-mach ...
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