Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Industrial Internet of Things: The game-changer for industries

Richard Soley, CEO, Object Management Group and Executive Director of Industrial Internet Consortium, and a panellist speaking at Internet of Things Asia 2016 | March 2, 2016
Richard Soley of Industrial Internet Consortium offers his insights on how industry players should delve deeper and apply Internet thinking to harness IIoT to its full potential – specifically where the Industrial Revolution meets the Internet Revolution.

The Industrial Internet forces at work

IIoT is all about extracting valuable and meaningful insights with an analytics engine to create new business value - such as optimised business efficiency and better customer service - across the extended enterprise. By harnessing data generated by connected devices around the clock, organisations can support businesses by providing ongoing support, and continually improving operational efficiencies, reliability, control and safety for massive industrial systems. Here are some examples of IIoT in action today:

  • Intelligent transportation

IIoT and M2M applications, together, are transforming the transportation sector by analysing data captured for clearer visibility of transportation activity. In turn, the resulting actionable insights enable enhanced decision-making and utilisation of resources. For instance, Singapore, a key proponent for IoT with its Smart Nation initiative, has adopted an Intelligent Transport System (ITS) strategy to improve commuters' travelling experience. The strategy includes an Expressway Monitoring and Advisory System based on real-time analytics, to alert motorists of traffic accidents on major roads. In addition, the land-scarce but vehicle-heavy country also uses Global Positioning System (GPS) to provide city taxis with information on road conditions around the city. Data from all these systems are routed to a central control centre, which consolidates and organises them into information that is useful to the public. This strategy has greatly eased traffic congestion in Singapore, making it one of the least congested major cities in the world.

  • Smart manufacturing

Manufacturers are leveraging predictive analytics solutions to improve output, streamline business processes and prolong longevity of existing assets. Not only can manufacturers improve clarity on their logistics and production processes, their customers can also have access to real-time tracking of shipments through a mix of cellular and satellite connectivity technologies. For instance, the industrial Internet changed the rules of lime production for one particular company. The company leveraged an industrial Internet platform to transform operational data, based on equipment, location and people, into actionable information. Using advanced and automated maintenance task schedule to track the progress of maintenance operations, the lime production company easily optimised maintenance efficiency and the overall availability of its plant, minimising downtime occurrences as well as time required for the plant to restart in cases of failure.

  • Intuitive healthcare

Medical equipment manufacturers are also quickly taking advantage of IoT to support the move to "accountable care" where standalone medical equipment - such as MRIs and CTs - can be monitored, modelled, remotely controlled and automated for quicker patient response times and better decision-making for healthcare practitioners. In addition, the analytical benefits of the activities of such equipment, automatically notifies medical staff to maintain and replenish supplies, driving down critical costs and errors significantly. The industrial Internet has the ability to help organisations build more cost-effective and quality healthcare systems and practices.

 

Previous Page  1  2  3  Next Page 

Sign up for CIO Asia eNewsletters.