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The industrial internet of things (IIoT) refers to interconnected sensors, instruments, and other devices networked together with computers' industrial applications, including manufacturing and energy management. This connectivity allows for data collection, exchange, and analysis, potentially facilitating improvements in productivity and ...
Amazon Go, a cashierless store enabled by computer vision, deep learning, and sensor fusion. " Fourth Industrial Revolution ", " 4IR ", or " Industry 4.0 " [1] is a neologism describing rapid technological advancement in the 21st century. [2] The term was popularised in 2016 by Klaus Schwab, the World Economic Forum founder and executive ...
ASME Y14.41 is a standard published by American Society of Mechanical Engineers (ASME) which establishes requirements and reference documents applicable to the preparation and revision of digital product definition data (also known as model-based definition), which pertains to CAD software and those who use CAD software to create the product definition within the 3D model.
A foundation model, also known as large AI model, is a machine learning or deep learning model that is trained on broad data such that it can be applied across a wide range of use cases. [1] Foundation models have transformed artificial intelligence (AI), powering prominent generative AI applications like ChatGPT . [ 1 ]
e. Porter's generic strategies describe how a company pursues competitive advantage across its chosen market scope. There are three/four generic strategies, either lower cost, differentiated, or focus. A company chooses to pursue one of two types of competitive advantage, either via lower costs than its competition or by differentiating itself ...
Service integration and management. Service Integration and Management (SIAM) is an approach to managing multiple suppliers of services (business services as well as information technology services) and integrating them to provide a single business-facing IT organization.
A service desk is a primary IT function within the discipline of IT service management (ITSM) as defined by ITIL. It is intended to provide a Single Point of Contact (SPOC) to meet the communication needs of both users and IT staff, [7] and also to satisfy both Customer and IT Provider objectives. User refers to the actual user of the service ...
In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets. Industrial organization adds real-world complications to the perfectly competitive model, complications such as transaction costs, [1] limited information, and barriers ...