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Changing business models with IoT
In the 1960s, Rolls Royce pioneered the concept of power by the hour – a pay per use system for its engines. Instead of purchasing the product upfront, the customer was offered a performance-based contract. This helped align the incentives of the manufacturer and operator – reliability, reduced expenditure and accurate cost prediction. Jonathan Wilkins, marketing director at industrial automation equipment supplier, EU Automation, explains how automation is changing business models.
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HIMA assesses new cyberthreat after safety controller hack
In late 2017 the ICS cybersecurity specialist Dragos announced that a safety controller (SIS) of a HIMA competitor in a process facility in the Middle East had been targeted by a new malware attack and successfully hacked. The SIS was compromised, leading to a shutdown of the facility. The professional execution of the attack again clearly shows that facility operators need to take the subject of cybersecurity very seriously. HIMA therefore offers to provide expert consulting on the subject of cybersecurity in safety-critical systems.
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Counterfeit bearings puts end users and distributors at risk
The best way for buyers to protect themselves and their customers from counterfeit bearings is purchasing only from a reliable source – such as direct from the manufacturer or through a certified distributor, says Martin Ryan, Industrial Distribution Director for Schaeffler UK.
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