Copenhagen Consensus - Wikipedia
However, through the competition, participants and winners are exposed to Cisco technology experts and high-profile judges that offer peer and industry validation of their solution. For example, in the manufacturing sector, friction leads to wear, which is one of the primary causes of production downtime and maintenance costs. Liberty Mechatronics developed a cloud-connected IoT device to optimize oil consumption in machinery and to better plan oil changes.
Oil and other lubricants are supposed to take care of the problem, but oil needs to be changed.
The challenge with lubricants is that changing it too early is a big waste of money, and changing it too late can lead to worn out parts and failures. Costa Rica-based Liberty Mechatronics is developing a cloud-connected Internet of Things IoT device to optimize oil consumption and to better plan oil changes. The Amadeus Oil Data Analysis system ODA is a small sensor that is installed in the gearbox of machines and measures oil acidity, viscosity, humidity, and the concentration of metallic and non-metallic contaminants in the oil.
Data is sent to the cloud, and measurements are automatically performed in real time without disrupting operations.
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The first three measure the state of the oil, and the other two are an indicator of the state of the machine. For example, a drop in viscosity shows that an oil change is due soon, whereas metal contaminants in the oil signals that one of the components is wearing, which could lead to a mechanical failure.
The Amadeus-ODA sensor also helps reduce the energy consumption of machines through an increase in its efficiency. If there were a problem, the delay in getting results back could be extremely damaging to the equipment, which also places the production at risk.
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The solution from Liberty Mechatronics gives the company the same information but continuously and in real time. From a global perspective, 1 percent of a country's GDP can be saved by better oil practices. Liberty Mechatronics is using the power of IoT and the cloud to bring better friction management to companies of all sizes.
- Three-Part Invention, no. 1: Sinfonia in C major.
- Voyages to America?
- Get PDF Solutions for the Worlds Biggest Problems: Costs and Benefits;
- Technology could be the solution to these five global problems.
A little-known fact is that 3 million babies die in the first month of life every year, with 98 percent of these deaths occurring in developing nations. The primary causes of many of these deaths are things such as birth asphyxia, prematurity, and infections, most of which are preventable with the right care.
The Business Opportunity in Solving the World’s Big Problems
Neopenda created a wearable device that monitors the vital signs of critically ill infants. The goal is to reduce the mortality rate of babies in low-resource areas. The EICC's membership has since grown to 70 companies. The EICC, in partnership with the Global e-Sustainability Initiative, formed a joint working group to develop an action plan for a multi-stakeholder, multi-industry approach to find a solution.
Not company by company; but to band together.
We decided to use an audit approach. We would require that smelters get their materials from conflict-free sources. For smelters that qualified, they'd be certified as conflict free. After businesses had begun to address conflict minerals through the EICC, the SEC issued a rule about disclosure of some conflict mineral activities. The assertion that companies can solve the world's problems might be concerning because corporations are not democratically elected and their purpose is profit, not to benefit society.
Moreover, some companies created — and some continue to cause — many of the challenges that the world faces. But I'm not arguing that we abdicate global problems to businesses. Rather, I point out in my book that many companies are starting to understand that energy efficiency, poverty reduction and access to healthcare, for example, are preconditions to their success and also offer rewarding business opportunities.
Thanks to the efforts of governments, NGOs, and individual activists there is no shortage of ideas for resolving them. However, even if all governments were willing to spend more money on solving the problems, we cannot do it all at once. We have to prioritize; and in order to do this we need a better sense of the costs and benefits of each 'solution'.
This book offers a rigorous overview of twenty-three of the world's biggest problems relating to the environment, governance, economics, and health and population.
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