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Manufacturing

In December, I blogged about Predictions 2014: Wager on the Internet of Everything (IoE) for the Manufacturing Industry.  In terms of thought and verbal capital, investments in IoE/IoT (Internet of Things) are proliferating from top of mind to tip of tongue across industry analysts, pundits, press and producers alike.  Just last week, I joined a record-setting attendance at the ARC Industry Forum 2014 in Orlando, where ARC President Andy Chatha opened the forum theme “Industry in Transition: Information Driven Enterprise in a Connected World” with a keynote focused on Planning for the Industrial Internet of Things. Just last week, I joined a record-setting attendance at the ARC Industry Forum 2014 in Orlando, where ARC President Andy Chatha opened the forum theme “Industry in Transition: Information Driven Enterprise in a Connected World” with a keynote focused on Planning for the Industrial Internet of Things.  Mark Houska of Control Engineering does a nice summary here of the keynote.

The hype frenzy surrounding IoE/IoT has forecasts for economic growth and value-add (EVA) in the trillions (e.g., Cisco estimates $14.4T for Private Sector EVA over the next 10 years plus another $5T for Public Sector), as Andy states: “But this isn’t just another futuristic fad.”  Whether it’s Cisco’s “Internet of Everything“, GE’s “Industrial Internet“, Rockwell Automation’s “IoT Industrial Revolution“, IBM’s “Smarter Planet” or the European “Industry 4.0″, a lot of significant companies are investing significantly.  Value propositions for Industrial IoT, as ARC articulates, are quickly advancing from compelling differentiators to must-have business capabilities and new business models.

ARC Value Proposition of IoE/IoT for Asset Owners

ARC Value Proposition of IoE/IoT for Asset Suppliers

As ARC advises, the concert of IoE/IoT constituents--intelligent assets (sensors, machines, devices); communications technology; big data; analytics; and visualization--are all coalescing into a valuable Industrial IoT and Internet of Everything whose adoption is accelerating.  Those value propositions for IoE/IoT do not come without significant challenges that must be addressed by asset owners and asset suppliers alike: Industrial Cyber Security; Technology Standardization; IP Ownership; Social-Political Risk Management; and System Complexity.

Each of these is a great topic for future manufacturing industry blogs, so stay tuned!  And please share your thoughts, concerns and interests.  Leave a Comment and let us know what you think!

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2 Comments.


  1. Chet, it was great to see you last week in Orlando at the ARC Forum. I agree, IoE/IoT is a revolution in the making, it is exciting to be part of it. Andy

       0 likes

    • Super, Andy! I’ll look forward to seeing you at Cisco Live San Francisco in May, where we’ll be demonstrating the next-generation IoE/IoT capabilities for Manufacturing and Energy industries.

         0 likes

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