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Price monitoring is the systematic process of observing and tracking the prices of commodities or securities to ensure they do not fall below a predetermined threshold. This activity is essential for organizations aiming to maintain stability in market prices and protect against significant fluctuations that could adversely affect economic balance. [1]
A data logger (also datalogger or data recorder) is an electronic device that records data over time or about location either with a built-in instrument or sensor or via external instruments and sensors. Increasingly, but not entirely, they are based on a digital processor (or computer), and called digital data loggers (DDL).
IoT devices can be used to enable remote health monitoring and emergency notification systems. These health monitoring devices can range from blood pressure and heart rate monitors to advanced devices capable of monitoring specialized implants, such as pacemakers, Fitbit electronic wristbands, or advanced hearing aids. [62]
The application of smart sensors and automated drillers gives companies the opportunity to monitor and produce more efficiently. Further, the storing process can also be improved with the implementation of IIOT by collecting and analyzing real-time data to monitor inventory levels and temperature control.
GPS-based tracking system used for some individuals released from prison, jail or immigrant detention. According to a survey distributed by The Pew Charitable Trusts in December 2015, "the number of accused and convicted criminal offenders in the United States who are supervised with ankle monitors and other GPS-system electronic tracking devices rose nearly 140 percent over 10 years ...
The common ground for monitoring and evaluation is that they are both management tools. For monitoring, data and information collection for tracking progress according to the terms of reference is gathered periodically which is not the case in evaluations for which the data and information collection is happening during or in view of the ...
Phillips Machine in the Science Museum, London. The Phillips Machine, also known as the MONIAC (Monetary National Income Analogue Computer), Phillips Hydraulic Computer and the Financephalograph, is an analogue computer which uses fluidic logic to model the workings of an economy.
Nowcasting in economics is the prediction of the very recent past, the present, and the very near future state of an economic indicator. The term is a portmanteau of "now" and "forecasting" and originates in meteorology.