The Internet of Things: A Look at What IoT Means for the Capital Markets
While IoT may not be obvious when it comes to trading, Anthony Malakian explores the benefits and challenges that this evolving technology poses for Wall Street.
Beginning in the Canadian province of British Columbia runs a massive pipeline that sends natural gas condensate east toward the neighboring province of Alberta. Now imagine a hypothetical situation where there's gas leaking into the atmosphere. Prior to the Internet of Things (IoT), this problem wouldn't have been identified until locals in the surrounding communities started to make complaints.
Thanks to the IoT, a sensor on a regulator valve could be installed to register the pressure drop
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