Category: Smart Cities

Dec
15

MHM Gen II Released for X-mas

Monitor your plant and equipment from home this Xmas.

With the all new AlphaX MHM monitoring your plant and equipment, there are even more reasons to stay at home this holiday season.

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The MHM monitors your plant and equipment, ensuring that operations are at peak efficiency and when things stop, the built-in AI kicks in, taking preventative actions to ensure the impact is minimized. It doesn’t need a break, doesn’t need penalty rates and doesn’t need constant supervision, the only thing you have to worry about is Christmas dinner. And if you really have to stay connected, just open the AlphaX app on your phone and check in. It really is that easy!

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Jun
15

Melbourne Leads the Smart Cities Charge

Melbourne is leading the charge for smart cities across Australia. This places Melbourne as the highest placed Australian city in the global smart rankings. Michelle Fitzgerald, Chief Digital Officer from the City of Melbourne recently spoke to Hamish Fitzsimmons on ABC’s Lateline program about how she is using data to shape the future of Melbourne.

Of interest where the simplicity of several of the technologies that have been employed and the use of the data they produce.

Transcript from ABC Lateline 20/03/2017: http://www.abc.net.au/lateline/content/2016/s4639431.htm

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Dec
22

Budgeting for “Smart” projects

images-2Budgeting for industrial “Smart” projects

Why go online?

Industrial (internet of things) IoT projects, for providing hands-on visibility and control capabilities for remote equipment, require a larger initial investment then portable or localised monitoring solutions. The advantage is obviously the 24 / 7, anywhere, anytime, control that cannot be matched. Governments, farms, factories and other early adopters are jumping on the IoT train as it heads out of the station and into the wilderness.

Budgeting Traps

The major trap that many of these early adopters stumble onto is simply not allocating the right resources to ensure it’s success. Sure, Industrial application of IoT provide multiples of a return on the investment but projects that try to save a few dollars by lets say, using substandard hardware, or not providing appropriate user training, are going to provide a lower return on investment.

“Considering that an online monitoring system should have a 10-25 year lifespan, is it really worth saving a dollar today to cost 10 down the track? “

With this in mind, it’s important to understand the true cost of implementation. In this way projects are scoped properly, perform better, and the total cost of ownership over the life cycle can be reduced.

Calculating the Total Project cost

To accurately assess the Total Cost of implementation of an industrial IoT project, the user must consider the cost of data acquisition and analysis equipment plus installation.

images-1To accurately assess the Total Cost of Ownership, asset owners must consider all of the following investments, in no particular order:

  • System Engineering and installation
  • Field instrumentation (Sensors and Cabling, WiFi)
  • Monitoring and Diagnostic System (Including Hardware and Software)
  • User Training and Customer Support (if Required)
  • System Maintenance (Sensor replacement, software updates)
  • Necessary external expertise and support.

Industrial IoT projects typically have a finite life cycle, which will extend anywhere from 10 to 25 years and beyond. The maintenance and support costs should be considered for this period to ensure that all costs are adequately assessed for the total cost of ownership.

Project Cycle Expenditure

The amount of expenditure is broken into the following parts for a new installation however this may vary dependent on the industry and system being deployed.

  1. Feasibility and Pre-Engineering – 10%
  2. Procurement – 40%
  3. Installation – 30%
  4. Commissioning – 20%

Following the project deployment, consideration must be given to the ongoing maintenance and support costs that have been mentioned previously. The total cost of ownership is the combination of these costs. Many industrial IoT systems can send thousands of messages a day, meaning that consumption can be quite high, leading to high ongoing data processing and storage costs. This can range from a few dollars to thousands of dollars a day.

If you would like to help calculate the cost of IoT projects please contact M-innovation on 1300 916 082