Journal Of Innovation January 2023

Business Outcomes of Utilizing Innovative Technologies: January 2023 Edition

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It is our pleasure to bring you this 21st edition of the Journal of Innovation: “Business Outcomes of Utilizing Innovative Technologies in Industrial IoT” – highlighting key benefits of utilizing innovative technologies on Industrial IoT to transform businesses in a variety of ways — from generating new revenue streams to improved efficiency, productivity, and competitiveness.

This edition includes the following:

• We start with “Machine Economy – The New Frontier of Digital Transformation in IoT” by Xixin Fan of IoTeX, and Steeve Baudry and Sourabh Narayan Singh both of Siemens. This article covers the technologies needed for machine economy which is composed of a network of smart, connected and economically independent devices and machines acting as autonomous market participants capable of executing economic transactions with little to no human intervention.
• In “The Role of 5G in the Adoption of Enterprise Augmented Reality (AR),” by Mark Sage of AREA and Saverio Romeo of Emerging Technology Observatory share the survey results and case studies done by Augmented Reality for Enterprise Alliance (AREA) on the role of 5G in augmented reality.
• Siemens’ Gunter Beitinger, Andreas Kind, Maximilian Weinhold, Florian Ansgar Jaeger and Saad Bin Shams in “The Role of IIoT for Decarbonization shown in the ESTANIUM Network,” provide an overview of the ESTAINIUM Association, Trustworthy Supply Chain Exchange and how a trust technology, like verifiable credentials can help sharing product carbon footprint data in a verifiable and trustworthy manner to facilitate industry to reach the goal of Net Zero carbon emission.

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