GE: “Industrial Internet” can add $15 trillion to global GDP

GE is testing sensor-equipped "smart" batteries in a Ford Focus Electric (Photo: GE)

A new digitally connected model for industry could add as much as 15 trillion dlrs to global output, according to a report published by General Electric Monday. Researchers at the US based industrial conglomerate say the so-called “industrial internet,” which links networks, data and machines, has the potential to sharply boost productivity worldwide. That key […]

Worker motivation software takes broad view

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A German institute has developed software that can help companies deploy a more sophisticated worker-incentive program. The Institute for Integrated Production (IPH), which belongs to Hanover’s Leibniz University, teamed up with partners from industry to develop the software, which aims to not just reward workers for productivity, but also takes into account their performance in […]