Trappist (TRAnsiting Planets and PlanetesImals Small Telescope) will study exoplanets by measuring at high precision the "brightness dips" that can be caused by objects transiting (passing in front of) their parent star.

BBC: New robotic telescope in Chile set for planet hunt

These add-on modules might be designed for measuring vibration, temperature or displacement in fields where precision is important, such as agriculture, aviation and the medical field.

FORBES: Where The Palm OS Is Headed

New techniques developed more than a decade ago allowed him to begin finding ways of measuring the market, of being able to model its angry mood swings with some level of precision.

FORBES: Mandelbrot: A Math Maverick Takes Stock

Measuring their ability to perform tasks based on the information is a more reliable indicator of its clarity and precision.

WSJ: When Simplicity Is the Solution