The Internet of Living Things
The Internet of Things offers new opportunities in wellness management for businesses and communities.
Register for the free webcast, “Life Streams, Walled Gardens, and the Internet of Living Things.” Brigitte Piniewski and Hagen Finley will discuss the Internet of Living Things, what makes sensoring and monitoring data emanating from our bodies unique, and why we should elect to participate in this seemingly Orwellian mistake of open-sourcing our personal health data.
The majority of the 3.8 trillion dollars spent on sick care today is spent on treating chronic ailments that took decades to become symptomatic.
Making better day-to-day health decisions is by far the least costly way to avoid spending trillions on late-life care. Further, much of people’s health-related suffering can be significantly reduced or eliminated by making better lifestyle choices earlier in life. The business value is clear, but will wearables deliver on the promise to better inform and influence our health decisions?
The IoT model
Network-connected industrial devices have increasingly captured the imaginations of technologists and manufacturers. Real-time reporting from embedded sensors not only changes the way machines function, it changes the way they are sold and operated. GE, for example, rents its jet engines to carriers, then extends that product offering by wrapping the engines with a full-service contract. Sensors embedded in the engines provide consumption-based billing information and allow GE to perform just-in-time maintenance on field-replaceable engine parts. The carrier’s maintenance model is dramatically more effective and efficient than the previous non-sensored model, which either pulled engines out of service based on mileage or based on part failure, both of which translated to waste for the carriers. Read more…