Ann: Appendix 4C - quarterly, page-41

When Honeywell, the technology and manufacturing firm working in industries as diverse as aerospace, smart homes and oil and gas, announced that Stephen Gold would be joining the business as vice president and general manager of Connected Enterprises, it was a clear sign of the company’s immediate ambitions.

Gold had spent the previous seven years working for IBM, which had acquired his previous employers SPSS in 2009. For most of his time at IBM, Gold worked on the company’s – and perhaps the world’s – most famous artificial intelligence solution, Watson.

Upon his arrival at Honeywell in February 2017, Gold made it clear that figuring out how the company could use AI would be at the top of his to-do list. "Our focus will bring together the physical world with data and digital intelligence, including next-generation artificial intelligence (AI) technology and advanced analytics,” said Gold at the time.

Like IBM, Honeywell has fingers in many pies, and for a company that serves both commercial and consumer sectors, as well as a host of industries, the appeal of AI and leveraging data is obvious. Gold, for example, talks of being able to employ “predictive maintenance” in industry, where a pump, a valve or an actuator in a factory could be adjusted so that it always works in an optimised state.
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verce's take:

Why does all this matter? VIV lights (collecting 3.3 million data points annually per node) use algorithms to continuously adjust a number of attached sensors and allow for predictive maintenance, optimising costs and extending product reliability. Giants like Google, Amazon and Facebook were all built on a bedrock foundation of data. They are now some of the most valuable businesses in the world today...

Industry 4.0 = IoT devices gathering Big Data = the future of business. Here is the proof:

https://www.iothub.com.au/news/honeywell-taps-vivid-technology-for-smart-lighting-466445

“The partnership will provide Vivid Technology with a significant new sales channel, by allowing Honeywell to offer market-leading energy-efficient lighting systems with intelligent controls, such as Vivid Technology’s intelligent lighting systems,” Vivid said.

“Honeywell will integrate this commercially attractive lighting platform with its own solutions to provide its customers across a range of market segments and industries with complete “connected building” solutions.”


"Through its collaboration with us, Vivid Technology’s advanced Australian manufacturing is now even better able to deliver a high value intelligent lighting solution to expanding global markets." - CSIRO
https://www.csiro.au/en/Research/MF...onment/Coatings-and-surfaces/Fast-and-Furious

Also in 2018 in Australia, Telstra are starting to roll out the 'Narrowband Network'.

http://www.smh.com.au/business/tels...k-with-narrowband-launch-20180111-p4yyez.html

January 12 2018

Telstra has launched a new technology in Australia that enables millions of devices to send small volumes of data at low power, allowing businesses to become connected to the Internet of Things (IoT).

During initial trials, there was predominantly interest in how IoT networks could be used to ensure security and energy efficiency in homes, she said.

The new technology is part of Telstra’s Networks for the Future program, a $3 billion capital investment into preparing for 5G and IoT.
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Vivid Technology (ASX: VIV) is heading into the future. The question is: are you coming along for the ride?

-verce​