Applied Technology Review : News

Companies across all industry verticals are looking for an open-platform solution to provide accurate and dependable location data across all location technologies. Companies can confidently assert that 2021 was a good year for location technology. Numerous businesses began uncovering and evaluating the advantages of knowing the location of their assets, assessing how they move within their environment, and understanding how different products (including people) interact daily. For instance, Apple introduced AirTag as a device for searching and locating goods. Allied Market Research estimates that the indoor positioning market was valued at around $2.4 billion in 2017. The same prediction projects that the value will reach $43.5 billion by 2025. Comparable in size to the food industry, recorded music, and management consulting businesses. And the growth will undoubtedly continue. So, what's next for this thriving IT sector? Here are five trends to watch in real-time location systems (RTLS) and location-based services through 2022 and beyond (LBS). The pandemic increased public consciousness of RTLS for public safety. The next level is business intelligence application. Although location technologies have played a significant role in driving innovation, firms have not yet tapped the technology's full potential beyond its original niche applications. This has changed because of the epidemic. As more businesses implement RTLS in support of public safety, such as social distancing and handling contract tracing requirements, they are also becoming aware of the business intelligence applications that have an impact beyond staying safe during the pandemic, such as worker safety, productivity, and asset traceability for a variety of industries. This trend will intensify in a post-pandemic corporate climate as firms grasp the importance of reliable data and insights in boosting company efficiency, productivity, and profitability. Accurately establishing the location of people, things, and assets, as they move from one area to another provides a wealth of information that was not fully appreciated until its widespread applications were implemented. Over the past several years, there have been numerous pilots and tests of RTLS technology across worldwide markets and industries to investigate location data. Multiple projects that attained commercial viability addressed solutions for so-called "must-have" use cases, such as—applications for workflow optimization, asset tracking, worker safety in industrial, mining, and oil & gas industries, and compliance with hand hygiene in hospitals. Wander control at nursing homes for the elderly to prevent dementia and Alzheimer's patients from being lost. Government initiatives to guarantee the safety of citizens in public structures. Safety of staff and inmates in correctional facilities and police stations. Check Out This : Eldercare Review As projects expand, the underlying technology must scale across phases, including scoping, planning, deployment, infra commissioning, tag provisioning, telemetry, and monitoring. To succeed, projects must also enable plug-and-play operations, simple commissioning, and seamless integration while maintaining predictable rollout and maintenance costs. Expect more businesses to announce strategic collaborations and implementation plans for consumer-oriented initiatives for the latest RTLS and indoor positioning systems (IPS). Additionally, there will likely be an increase in the number of announcements on location technology reaching the consumer market to facilitate its acceptance across consumer and industrial industries. ...Read more

The use of location systems in manufacturing industries has grown in recent years to reduce accidents and save time in processes. However, accuracy is essential for a successful implementation. Geolocation is essential for many applications and services. Indoor Positioning Systems (IPS) are critical for extending these services indoors, where GPS systems are unreliable. IPS are integrated and deployable in homes and buildings, and they can interact with smart devices to provide spatial context. This post will explain how IPS work, what types of IPS technology are available, their features, and the main applications for tracking people, ranging from hospitals to market research. What is an Indoor Positioning System (IPS)? An Indoor Positioning System (IPS) is a technology that can locate one or more people and objects within a building. An IPS is typically made up of two components: Location Tags and Anchors. Anchors are devices installed in the structure, whereas tags are worn by the person or object whose location is of interest. Real-time knowledge of the location of objects or people has become critical for delivering services in various industries, including retail, logistics, urban planning, leisure activities, etc. In addition, the success of global positioning systems and the mobile revolution have forever altered our relationship with technology, both professionally and personally. However, GPS cannot always locate people who are inside a building. This is because GPS technology relies on satellite signals in orbit. When there is no direct visibility, these signals are severely degraded, making indoor location finding difficult. Indoor navigation and location systems have emerged to provide real-time location information in indoor environments. IPS can be used in various applications that rely on the position of moving objects or people inside. For example, smart buildings, such as hospitals, factories, and warehouses, can use this data to improve security, efficiency, and automation. Commercial centers and brands can also use location data to provide targeted promotions, better understand their customer's behavior, and optimize their spaces. ...Read more

Companies that use digital twins can reap significant benefits such as improved operations, product and service innovation, and faster time-to-market. A digital twin is a virtual model that mimics the behavior of a physical object or process throughout its lifecycle. This technology allows you to remotely monitor and control equipment and systems by providing a near real-time bridge between the physical and digital worlds. Finally, it can run simulation models to test and forecast assets and process changes under various "what-if" scenarios. Creating a Digital Twin Necessitates Several Steps, Including: •  Sensors that record the operational behaviors of assets and processes (vibration, temperature, pressure, etc.) and their operating environments (air temperature, humidity, etc.) •  Communications networks that transfer data from physical devices to the digital world securely and dependably. •  A digital platform that acts as a modern data repository, gathering and storing shop floor sensor data alongside high-level business data (e.g., MES, ERP). By combining these data sources, actionable insights for data-driven decision-making can be derived – using advanced AI/machine learning algorithms. 3 Digital Twin Applications for Industry 4.0 Digital twin technology provides unprecedented visibility into assets and production, allowing for identifying bottlenecks, streamlining operations, and developing innovative products. The three major applications of digital twins for Industry 4.0 are listed below. Predictive Maintenance:  Spare part maintenance and replenishment can be planned to reduce time-to-service and avoid costly asset failures. Predictive maintenance using Digital Twins can provide OEMs with a new service-based revenue stream while improving product reliability. Process Planning and Optimization:  A digital footprint ingesting sensor and ERP data from a manufacturing line can greatly analyze important KPIs such as production rates and scrap counts. This aids in determining the root cause of any inefficiencies and throughput losses, optimizing yields, and reducing waste. Product Design and Virtual Prototyping:  Virtual models of in-use products provide detailed insights into usage patterns, degradation points, workload capacity, defects, etc. Designers and developers can correctly evaluate product usability and reliability by better understanding a product's characteristics and failure modes. The best way to start a Digital Twins initiative is to identify the asset(s) and processes with the greatest potential for value creation and then start with a pilot implementation. A digital twin should be a work-in-progress that evolves and scales in real-time as your IT capacity grows and matures. Digital twins of different components are typically interconnected to form a large, composite twin of a highly complex machine or process. ...Read more