Mining the IoT

Posted August 11, 2015

Komatsu 960E_Adani

The resources industry has been among the first to recognise the potential in Internet of Things (IoT) technology.

Komatsu and General Electric recently joined forces to provide big-data analysis services for mining customers, using IoT technology to boost fleet efficiency, for example.

Under the new partnership, Komatsu will send operational data collected from sensors attached to its mining dump trucks to a GE centre in the US, where it will be processed.

Applications for the resulting information include recommending optimal truck routes and positioning, as well as speed and braking requirements based on the terrain and site conditions.

The Internet of Things refers to the growing global network of physical objects – including machines – embedded with electronics, software, sensors and connectivity.

Information technology research and advisory company Gartner forecasts 25 billion connected things will be in use by 2020.

This compares to an estimated 4.9 billion connected things in use in 2015, up 30 per cent from 2014.

A recent Gartner international survey found more than 40 per cent of organisations expect the IoT to have a significant impact in the short term, and this number rises to more than 60 per cent in the long term.

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