How to succeed with industrial IoT in manufacturing
Author: Peter Klement, Chief Technologist for Manufacturing
IoT (Internet of Things) connects physical machines and equipment in the factory to the digital world of Cloud, Data Analytics and Artificial Intelligence. It enables you to collect more data, analyse the information quickly and make better business decisions. This whitepaper describes six critical success factors organisations need to consider in order to leverage IIoT technologies successfully in their digital transformation initiatives.
Forward thinking manufacturers already know they need to bring their Information Technology closer to their Operational Technology that controls their machines and equipment. Traditionally, these technologies were managed by separate departments in relative isolation.
The next step is to harness the capability of technology to optimise the business and drive innovation. Industry 4.0 (originally an initiative of the German Government) is setting the standard for creating the Smart Factory and Supply Chain of the future using Industrial IoT, Analytics, Cloud Computing and Cyber-physical systems.
Industry 4.0 also considers business model innovation and new revenue streams through leveraging the deluge of IoT data. This is often called servitisation of the industry.
The importance of Industry 4.0 and the Industrial Internet of Things (IIoT) is well understood, but how do you start implementing these concepts and maximise your chances of successfully creating value?
To leverage IIoT technologies successfully, organisations need to consider six critical success factors: business value, strategic alignment, business process focus, operating model changes, capability uplift, and end-to-end security.