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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.

Winning with the Industrial Internet of things, Accenture


Articles of Interest on this topic

Panel: What will factories of the future look like? (VIDEO)

Design News - June 15, 2018

 

Manufacturing groups collaborate on cybersecurity 

Modern Machine Shop - May 7, 2018

 

Modern Machine Shop - Smarter sourcing is the key to smart manufacturing

Automation World - May 7, 2018

 

Disrupted by mobility startups, automakers reshape their roles

Center for Automotive Research - May 4, 2018

 

Smart manufacturing drives new approach to design

Machine Design - May 4, 2018

 

Siemens strengthens position in connected and autonomous vehicles through partnership with American Center for Mobility

Siemens Press Release - May 3, 2018

 

VR becoming manufacturing reality

Machine Design - May 3, 2018

 

The factory of the future will be controlled by tablets

Automation World - April 30, 2018

 

Only digital manufacturing can create the smart, customized, on-demand products consumers want

Forbes - April 25, 2018

 

How to stay competitive in a connected revolution

Machine Design - April 18, 2018

 

New best practices help manufacturers stop cyberattackers

Manufacturing Business Technology- April 20, 2018

 

Tulip launches the industry's first digital manufactuirng quick-start kit

PR Newswire - April 23, 2018

 

NIST Report explains blockchain

Machine Design - April 20, 2018

 

The System Integrator's Role in Industry 4.0

Automation World - April 23, 2018

REPORTS on IoT

Below is a resource list of studies that have been conducted on the Internet of Things.


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