5 Tech Stocks Fueling the Next Industrial Revolution
Two-way communication is the vision for the next industrial revolution. From self-driving cars to memory HVAC in our homes, technology is now in place that involves sensors in everything. Measuring water usage, monitoring temperatures within our homes or printing organs for transplant and then transmitting this data to be analyzed is what proves to be better living. Internet 2.0 or the Internet of Things is the wheel driving the shift to using smarter items that collect our data and predict future actions.
The Circular Loop
Beginning with a machine or a device that generates data, transmitting it to a storage bank and then analyzing it with algorithms provides the patterns and sequences for information we can use for a number of life-enhancing tools. Without any need to input anything ourselves, this cycle saves time, eliminates effort and keeps money in our pockets. The information accumulated is then used to control the device or machine. To implement this loop, machines collect the data and send it to networks able to carry it to a server farm. The next step is analyzing the data leading to quicker, more accurate and cheaper ways of living. Information is the precious commodity driving the entire world of Internet 2.0 and these five products are the fuel for the upcoming industrial revolution.
Read Paul Mampilly’s interview with Ideamensch here.
Collecting data is being done by robots. They work independently and need no human interaction. Teradyne, a firm based in Massachusetts, is at the forefront of bringing a brand new field of robotics to the revolution. Called cobots, they collaborate with humans, working side by side, improving efficiency and quality. The cobots are low-cost, easy to program and predicted to soar in profits of over 2,000 percent. Teradyne operates two segments — providing equipment to test computer chips, circuits, and complex electronic systems making sure they conform to specifications; and the Universal Robots division that makes the cobots to assist with complex tasks.
Mobileye Self-Driving Car Software
This product is set to grow over 134 percent in the next six years. With its Mobileye 5-Series, the company’s camera-based driver assistance technology is used by Tesla, Honda, BMW, Ford and others. As the leader in machine learning and vision, data analysis and mapping for the self-driving cars, Mobileye has products including early warnings of collisions in front, pedestrian collisions and warnings for lane departures. A very advanced collision-avoidance system called Shield is the best on the market and can be adapted to any vehicle.
Want to learn more about Paul Mampilly? Click here.
Stratasys Manufacturing Shortcuts
Revolutionizing the way things are manufactured is 3D printing from Stratasys. Using CAD/CAM software, an airline part for Airbus or a car part for Honda is copied on a 3D printer in hours instead of waiting months for something to be sent from a factory. Send a file with a design directly to the plant and with one touch of the button, the copy is printed right there. Checking the fit and refining it make it an easy process. Uses of 3D printing are sprouting up everywhere and the profit margin is through the roof.
Tableau Analysis Software
Converting data into information is the fuel that is leading the revolution of Internet 2.0. A Seattle-based firm, Tableau Software employs amazingly complex algorithms to interpret terabytes of data for information used in several different ways. Big Data, as it is called, is crucial for major corporations. There may be data that shows how people shop but taking that information from one zipcode that shows yellow sweaters are popular and those same consumers are purchasing blue fedoras at the same time can reveal data connections that can’t be done by humans.
Read the full “5 Technology Stocks That Will Power The Next Industrial Revolution” report here.
Digital Realty Data Storage
All this data needs to be stored. Server farms are popping up and with strong growth over the next 10 years, Digital Realty has a lock on the market. Owning 125 data farms around the world, and renting valuable server space to tech companies such as Facebook and Google, they stand to be a large profit maker. With rooms full of computers stacked high, the searches are quick and efficient and need for storage will continue as the world becomes totally computerized.