geaps/grain journal educational webinar seriess3-us-west-2.amazonaws.com › ... › uploads ›...
TRANSCRIPT
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This webinar reviews an education session presented at GEAPS
Exchange 2017
GEAPS/GRAIN JOURNAL EDUCATIONAL WEBINAR SERIES
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GEAPS EXCHANGE 2018 March 24-27, Denver, CO
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The Industrial Internet of Things
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Industrial Internet of Things
“The Internet of Things is ground zero for a new phase
of global transformation powered by technology
innovation, generating significant economic opportunities
and reshaping industries.”
Marc Benioff,
Chairman and Chief Executive Officer,
Salesforce.com, USA
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Industrial Internet of Things • Industrial Internet (of Things), is the latest wave of
technological change that will bring unprecedented
opportunities, along with new risks, to business and
society.
• It will combine the global reach of the Internet with a
new ability to directly control the physical world,
including the machines, factories and infrastructure
that define the modern landscape.
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Industrial Internet of Things
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Industrial Internet of Things
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Industrial Internet of Things
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Industrial Internet of Things • Like the Internet was in the late 1990s, the Industrial
Internet is currently in its early stages.
• Many important questions remain, including how it will
impact existing industries, value chains, business
models and workforces.
• In addition, what actions business and government
leaders need to take now to ensure long-term success.
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Industrial Internet of Things
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Opportunities &
Benefits
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Opportunities & Benefits • Massive volumes of data from connected products, and
the increased ability to make automated decisions and
take actions in real time.
• Vastly improved operational efficiency (e.g., improved
uptime, asset utilization) through predictive
maintenance and remote management.
• The emergence of an outcome economy, fueled by
software-driven services; innovations in hardware; and
the increased visibility into products, processes,
customers and partners.
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Opportunities & Benefits • New connected ecosystems, coalescing around
software platforms that blur traditional industry
boundaries.
• Collaboration between humans and machines,
which will result in unprecedented levels of
productivity and more engaging work experiences.
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Opportunities & Benefits
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IIOT & How to use it?
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IIOT & Analytics
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IIOT & Big Data
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IIOT & Big Data
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Risks &
Challenges
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Risks & Challenges • Security and data privacy, which are already rising in
importance given the increased vulnerabilities to
attacks, espionage and data breaches driven by
increased connectivity and data sharing
• Another crucial barrier is the lack of interoperability
among existing systems, which will significantly
increase complexity and cost in Industrial Internet
deployments. Today’s operational technology systems
work largely in silos.
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Risks & Challenges • Uncertain return on investments on new technologies,
immature or untested technologies.
• Lack of data governance rules across geographic
boundaries and a shortage of digital talent.
• Overcoming these challenges will require leadership,
investment and collaborative actions among key
stakeholders.
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Risks & Challenges
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Risks & Challenges
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Three Important Actions
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IIOT Project Framework
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IIOT Today
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Examples of where IIOT can be applied
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Examples of where IIOT can be applied
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Questions?