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Industrial Internet of Things (IIoT)

To keep our members informed on emerging trends, AGMA has put together this resource on the Industrial Internet of Things (IoT). 

Information is also available on these other topics:


The Industrial Internet of Things (IIoT) is a network of physical objects, systems, platforms, and applications that contain embedded technology to communicate and share intelligence with each other, the external environment, and with people.

The adoption of the IIoT is enabled by the improved availability and more affordable sensors, processors and other technologies that have helped facilitate capture of, and access to, real-time information.


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EMERGING TECH NEWS 

Read some of the latest articles available in Industrial Internet of Things (IIoT)

TECH DECK

Each week we pick one article on IIoT that is a must read for the week.

REPORTS

Here are some reports that have been done on Industrial Internet of Things (IIoT).

Harnessing automation for a future that works

McKinsey Global Institute

Automation is happening, and it will bring substantial benefits to businesses and economies worldwide, but it won't arrive overnight. A new McKinsey Global Institute report finds realizing automation's full potential requires people and technology to work hand in hand.

View report

 

The Internet has finally arrived 
The MPI Group

This study was conducted to evaluate the readiness of U.S. manufacturers to incorporate smart devices and embedded intelligence within their plants and processes. The study looks deeply into how manufacturers will leverage IoT capabilities, along with the challenges they face.

Most manufacturing companies have limited understanding of the IoT or how to apply it to their business.
Roughly two-thirds of manufacturing executives believe that the IoT will increase profitability over the next five years.

View report


What a Difference a Year Makes: Manufacturers Around the World Are Now Profiting from the IoT (Are You?)

The MPI Group

MPI's 2017 Internet of Things Study looked at the production of smart devices and the implementation of embedded intelligence within plants, processes, and products of manufacturers around the world. This executive summary offers critical insights to manufacturers looking to digitize their operations.

View Report


Towards a definition of the Internet of Things (IoT)

IEEE

This 86-page document gives an all-inclusive definition of IoT that ranges from small localized systems constrained to a specific location to a large global system that is distributed and composed of complex systems. The document also provides an overview of the IoT’s basic architectural requirements.

View Report


The Undiscovered Country: The Future of Industrial Automation

Honeywell

In some ways, the IIoT represents an “undiscovered country,” full of promise, but waiting to be explored and mapped out. This report maps out this undiscovered country and provides pointers to how the promise of future automation systems will be realized. The resulting vision is a new form of automation system architecture that balances the computational and life-cycle benefits of Cloud Computing, and appliance-hosted capabilities necessary to provide safe, secure, and long-lasting automation for complex manufacturing systems processes.

View Report


Towards a definition of the Internet of Things (IoT)

IEEE

This 86-page document gives an all-inclusive definition of IoT that ranges from small localized systems constrained to a specific location to a large global system that is distributed and composed of complex systems. The document also provides an overview of the IoT’s basic architectural requirements.

View Report


Harvard Business Review

Michael E. Porter from Harvard School of Business and James E. Heppelmann, President & CEO of PTC, have written a series of articles for the Harvard Business Review:

 

GE - Industry Briefs and Articles on IIoT

  • REPORT: Gaining from the IIoT: Industrial Internet Report
  • ARTICLE: Become a Digital Industrial Company with Brilliant Factories
  • How GE is Leading Manufacturing’s Digital Revolution
  • German Manufacturing is Leading a Digital Industrial Revolution
  • Unlocking Business Value Through Industrial Data Management

 

 STRENGTH

IIoT has the potential to generate economic growth - a 1%  improvement in        industrial productivity could add $10 trillion to $15 trillion to worldwide GDP over the next 15 years.

GE

WEAKNESS

Implementation is slow, and many smaller companies do not see the need for much of the technology.

Cyber security is also a major concern.

 

OPPORTUNITY

The next generation of digital technology may benefit workforces of the future by augmenting skills and redefining tasks.

 

THREAT

Many manufacturers are not ready, or have the potential of becoming obsolete if they do not make IIoT investments. 


Upcoming Events in Industrial IoT

November 28-29, 2018    

IoT Tech Expo North America |  Santa Clara, CA

 

2019

May 13-16, 2019   

Internet of Things World |  Santa Clara, CA

 

June 25-30, 2019  

ICIOT |  San Diego, CA