Bring your own device (BYOD) has become an accepted practice in business. Gartner predicts that by 2017, half of all employers will require workers to supply their own devices for work. Yet there are mixed reports about whether BYOD actually saves businesses money.

The Internet of Things has intelligence distributed throughout many integrated layers. Algorithms and analytics are needed to make sense of the raw data. Often this intelligence needs to reside on the edge of the network close to the source of the data near the "things" comprising the IoT.

Twenty percent of American adults already own a wearable device and the adoption rate - on par with tablets in 2012 - is quickly expected to rise, according to PwC's Consumer Intelligence Series-The Wearable Future report, an extensive U.S. research project that surveyed 1,000 consumers, wearable technology influencers and business executives, as well as monitored social media chatter, to explore the technology's impact on society and business.

Equipment used at a West Australian open-pit iron mine is being managed across a 40-square-mile area via active radio frequency identification tags to identify where certain equipment is located, as well as control its operation.

Imagine if an enterprise in the United States was able to access vital product line information of a subsidiary plant in India or a crank shaft supplier being able to locate its component in an automobile across the globe or a machine being to self-assemble at the end destination. Technology advancements over the last decade have paved the way for all of the above situations to be executed in repeatable fashion.

Lack of visibility into their manufacturing processes is cited as manufacturers' most prevalent issue, according to a survey by Ubisense, a provider of location intelligence solutions. The survey, conducted by SME and Manufacturing Engineering Media, says 40 percent of manufacturers have no visibility into the real-time status of their manufacturing processes.

As the economy continues to improve, more manufacturers are making capital investments to fuel their growth. When business owners and managers consider acquiring equipment, they often think of their payment option as a "lease versus buy" decision.

Newly founded technology company Kizy Tracking has developed what it describes as a low-cost alternative to conventional RFID or GPS solutions that is able to track goods anywhere within range of a GSM cellular radio tower. The only hardware that users need purchase is a battery-powered K-1 GSM Tracker tag, priced at $35 apiece; the only other expenses are a $1 activation charge and a daily $0.25 fee to access location data on a hosted server. The Swiss firm is selling its K-1 GSM Tracker tag for use in containers or with cargo that is shipped, in many cases, around the world.