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Industrial Internet of things - What’s at Stake?
1. INDUSTRIALINTERNET OF THINGS - WHAT’SAT STAKE?
TIETO PÄÄTÖKSENTEOSSA–LUENTOSARJA, 01 NOVEMBER 2017
TAMPERE UNIVERSITYOFTECHNOLOGY
2. 1.11.2017NOVI RESEARCH CENTER 2
Karan Menon
PhD Fellow, Laboratory of Industrial and Information Management
Researcher, DARE Business Data Research Group
Researcher, NOVI Research Center
Research funded by TEKES &Academy of Finland Projects, Finnish
Cultural Foundation (Suomen Kulttuurirahasto), The Jenny andAntti
Wihuri Foundation (Jenny jaAntti Wihurin rahasto)
Topics: Industrial Internet, Industry 4.0, Business Models, Platforms, Big
Social DataAnalytics, Social NetworkAnalysis
ABOUT ME
Email– karan.menon@tut.fi
Twitter - @menonkaran
Slideshare - https://www.slideshare.net/menonkaran
7. 1.11.2017NOVI RESEARCH CENTER 7
a sharp decline in the cost of sensors and, thanks to advances in cloud
computing, a rapid decrease in the cost of storing and processing data
Machines have become
Predictive, Reactive and Social
Source:
https://archive.org/details/MarcoAnnunziata_2013S
8. 1.11.2017NOVI RESEARCH CENTER 8
Industrial Internet
………………..marriage of minds and machinesSource:
https://iot-analytics.com/industrial-internet-disrupt-smart-factory/
Evans, Peter C., and Marco Annunziata. "Industrial internet: Pushing the boundaries." General Electric Reports (2012).
https://www.ge.com/digital/predix
11. 1.11.2017NOVI RESEARCH CENTER 11
HOW DOES INDUSTRIAL INTERNET/INDUSTRY4.0 WORK INAFACTORY?
https://www.youtube.com/watch?v=ccB6e1
8VwsQ
https://www.youtube.com/watch?v=ccB6e18VwsQ
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Modelling a complex technological system: Platform is the Fastlane
that provides end-to-end support to the entire value chain
Source: Kagermann, H., Wahlster, W., & Helbig, J. Recommendations for implementing the strategic initiative INDUSTRIE 4.0, Final report of the
Industrie 4.0 Working Group, acatech, 2013. URL: http://www. plattform-i40. de/sites/default/files/Report_Industrie, 204.
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E.g.Agriculture Sector – System of Systems a.k.a Platform in action
HOW IS IT CHANGING?
Source: Porter, M. E., & Heppelmann, J. E. (2014). How smart, connected products are transforming competition. Harvard Business
Review, 92(11), 64-88.
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Education
Courses like these!
Bachelors and Masters program on IIOT/Industry 4.0
Knowledge Upgradation for current workers
Business
Investing into exploration of New Business Models: PPU Model,
Outcome based Model
Quick Experimentation of technology and business model
Platform utilization for ecosystem development
IoT Platforms for value co-creation
IoT Platforms for ecosystem development
CONCLUSION: TIME TO ACT— AND
TURN DISRUPTION INTO OPPORTUNITY
15. 1.11.2017NOVI RESEARCH CENTER 15
Contact Information
Email– karan.menon@tut.fi
Twitter - @menonkaran
Slideshare - https://www.slideshare.net/menonkaran
Kiitos! Thank you! धन्यवाद
Editor's Notes
So what is this industrial Internet? Industrial machines are being equipped with a growing number of electronic sensors that allow them to see, hear, feel a lot more than ever before, generating prodigious amounts of data. Increasingly sophisticated analytics then sift through the data, providing insights that allow us to operate the machines in entirely new ways, a lot more efficiently. And not just individual machines, but fleets of locomotives, airplanes, entire systems like power grids, hospitals. It is asset optimization and system optimization. Of course, electronic sensors have been around for some time, but something has changed: a sharp decline in the cost of sensors and, thanks to advances in cloud computing, a rapid decrease in the cost of storing and processing data.
Fit in sensor to one part of the engine and it communicates news about that one part.. Fit in multiple parts and then one airplane starts talking.. Make a fleet talk via sensor communication and the ultimate thing would be a network of fleets… Business value – Optimization at every level!
Machines are Predictive, Reactive and Social
In this regard, modelling plays a key role in managing the increasing complexity of technological systems (see Chapter 5.2). The appropriate IT systems should be deployed in order to provide end-to-end support to the entire value chain, from product development to manufacturing system engineering, production and service (see Fig. 7). A holistic systems engineering approach is required that spans the different technical disciplines. For this to be possible, engineers will need to receive the appropriate training.
The increasing capabilities of smart, connected products not only reshape competition within industries but expand industry boundaries. This occurs as the basis of competition shifts from discrete products, to product systems consisting of closely related products, to systems of systems that link an array of product systems together. A tractor company, for example, may find itself competing in a broader farm automation industry.