Loosely defined, the Internet of Things (IoT, for short) is the concept of connecting everything imaginable to a network so that information can be quickly and easily shared through network connections with everything else. Today, there are more devices connected to the Internet than there are people in the world, resulting in a vast collection of data that can be analyzed, communicated and acted upon.
IQMS Blog for Manufacturing ERP Expertise
Several years ago, I said that automation and specialized systems were a requirement for companies seeking product differentiation and profitability. Today, that statement has grown and automated systems for manufacturing companies have become the required daily vitamin for both simple and complex companies to survive.
If you are a fan of TV shows from the 1970s, especially late night TV, then you'll remember Carnac the Magnificent. This recurring comedic character was Johnny Carson in a Swami hat. In his sketch, Carson would delight viewers by announcing the answer to a question stored in a hermetically sealed envelope that he held up to his head. He would then tear open the envelope and read the question. The answers seemed pedestrian until Carson read the question, then you giggled like you were part of an inside joke.
Back in late 2011, when we began the planning process for our second building at our IQMS corporate headquarters in Paso Robles, we prepared workforce projections for two years, five years and 10 years, based on our then-current headcount and our projected growth. Being conservative optimists, we decided on straight-line appreciation at 20 percent year upon year (44 percent over the first two years). When we completed the calculations and looked at all those numbers, we were excited about the prospects. The rewards of our corporate philosophy on long term decision-making were manifesting in an increasing headcount.