Keywords: Industrial Internet of Things (IoT), Intelligent Sensors, Big Data, Analytics Tools, Universal Visualization, Industrial Manufacturers,
The industrial Internet of Things (IoT) is at hand. The needed technologies are available and require no substantial technological breakthroughs. Well thought out reference architectures have been created, and compelling use cases are being developed. Techniques for adding IoT's "digital umbilical cord" capability to existing industrial systems - allowing companies to securely supply asset performance information to the asset manufacturers and others - are coming to market. What's lacking is broad recognition of what has become possible, and the vision to utilize these new technologies to transform industry.
Granted, there is plenty of hype surrounding the Internet of Things. It's not hard to find forecasts of trillions of dollars in economic growth driven by the use of ubiquitous intelligent sensors and devices, Big Data and analytics tools, and universal visualization capabilities.
But, this isn't just another futuristic fad. Leading companies are making major investments in the Internet of Things concept for their industrial solutions, using catchy terms such as "Smarter Planet" (IBM), "Internet of Everything" (Cisco), and "Industrial Internet" (GE). In Europe, "Industry 4.0" is taking hold. Many other software, hardware, and automation companies are also developing (or already offer) industrial IoT solutions. IoT-enabled improvements in industrial production — as well as asset, maintenance, and service management processes — promise to reduce unplanned machine downtime and dramatically reduce energy costs, among numerous other anticipated benefits.
Industrial companies are in a unique position. Unlike in other IoT seg-ments, such as consumer applications or the Smart Home, industrial manufacturers are likely to both consume connected products for use in their own operations and produce connected products for use by their end customers. Automotive manufacturers, for example, are racing to add incremental value-add through in-car connectivity and associated applications, but will also need to plan for the use of a new breed of connected machinery in their production facilities. The unique demands of this dual use makes it vitally important that the entire organization (up to and including the C suite), understands the value proposition inherent in intelligent management of connected products.
Table of Contents
The Value Proposition for a Connected Industrial World
From Products to Products-as-Services
Industrial IoT Architecture
The Connected Asset Value Chain
Smart Product Design Considerations
Standardization Plays a Key Role
Security Concerns Remain a Primary Impediment
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