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The Industrial Internet Consortium (IIC), the global, member-supported organization that promotes the accelerated growth of the Industrial Internet of Things (IIoT), announced the publication of the Business Strategy and Innovation Framework (BSIF). The BSIF helps enterprises to identify and analyze issues that must be addressed to capitalize on the opportunities emerging within the IIoT.
The BSIF serves as a reference document for chief executives in enterprises planning to engage in IIoT concepts. A single-source compendium of the issues and challenges enterprises should consider before they deploy IIoT initiatives, the BSIF details frameworks and concepts to help enterprises increase value for users, customers, and partners, while at the same time helping to reduce market and technical uncertainties.
The BSIF outlines a comprehensive set of best practices for companies engaging in IIoT, but companies are free to adopt a lighter touch or use an existing internal project model, especially within smaller companies. Alternatively, a range of project support processes may already be in place and the approach documented in the BSIF may be used to enhance existing infrastructures to address new IIoT opportunities (particularly for larger companies).
The BSIF comprises expert vision, experience, and business strategy best practices from IIC members, including Bosch Software Innovations, InterDigital, Hewlett Packard Enterprise, and Machina Research. The BSIF is available free of charge.
About the Industrial Internet Consortium
The Industrial Internet Consortium is a global, member-supported, organization that promotes the accelerated growth of the Industrial Internet of Things by coordinating ecosystem initiatives to securely connect, control, and integrate assets and systems of assets with people, processes, and data using common architectures, interoperability and open standards to deliver transformational business and societal outcomes across industries and public infrastructure. The Industrial Internet Consortium is managed by the Object Management Group (OMG). For more information, visit www.iiconsortium.org .
Keywords: Industrial Internet of Things (IIoT), Industrial Internet, BSIF, ARC Advisory Group.