Several years ago, Cisco published predictions on the growth of Internet traffic – such as by 2017, there will be 5 devices and related connections for every Internet user worldwide. While the vision of the Internet of Things (IoT) is growing into reality, in just a couple of years, it’s expected to create more global network traffic than experienced in all prior “Internet years” combined. To leverage and prepare for the future of networked communications, businesses must transform the ways they manage their data collection and analysis. The old rules of capturing and storing information can no longer apply since the wealth of data is found not in a repository but in the place where data is actively collected – at the edge of your network.
Cisco estimates that 50 billion devices and objects will be connected online by 2020. With that in mind, can you imagine the ways your business can innovate its operations to best fulfill customer needs? Living on the edge doesn’t have to be intimidating – your journey to the edge begins with understanding the data that is vital to your business.
In your digital transition approach, begin with developing a strategic framework for your data processes:
We all know that data is exploding and in more places than ever before. Without the right strategy in place, it can be a real monster. When tamed, data holds the key to great insights about an organization’s business that could help grow sales, improve the customer experience and save a lot of money.
Unfortunately, in real life we don’t have an ‘Analytics Man’ superhero that can turn data into insight magically with the snap of a finger. However; with the right IT strategy in place, data can save the day!
In that spirit, here are five ways to help tame your data:
Many manufacturers operate at high volumes, and unplanned production downtime is costly. One leading auto manufacturer estimates unplanned downtime in a factory can cost them as much as $20,000 per minute. Often these line down situations are the result of production machine failures that could be avoided if data from the machine was available to anticipate the failure so a planned repair could take place in a standard maintenance window. I’ve traveled the world recently and visited with the world’s leading manufacturers across many sectors. What I have seen is that almost all of them are focused on reducing unplanned downtime with predictive maintenance.
This issue is also driving plant floor machine builders and their manufacturing customer to prioritize their digitization and IoT efforts to connect machines to enable real time access to new types of structured and unstructured data from production processes. This is a recurring theme reiterated in a recent survey by SCM World and Cisco. We asked plant managers and business line executives what “things” they were connecting now and in the years ahead. Production equipment was listed as a top priority, with 62 percent planning to connect these resources by 2020.
Machine Builder OEMs (Original Equipment Manufacturers) are facing new business imperatives, as well, to grow services business and customer intimacy. As their manufacturing customers demand the highest possible availability, quality and uptime, OEMs are striving to become more agile and proactive. They’re looking for solutions to enable zero-touch deployment and provisioning. They’re exploring ways to control support costs with remote connectivity and monitoring. They’re also taking more control of the aftermarket for parts and tools. Connectivity and remote access are essential capabilities to enable new predictive maintenance and machine-as-a-service (MaaS) business models.
By some estimates there are more than 60 million machines in factories throughout the world and 92% are not network-connected.1 So the task is enormous and only achievable with a simple, secure and scalable solution from a company that can deliver it globally. Read More »
Earlier this week, I hosted a #CiscoChat along with other team members of the @CiscoMFG team including Nancy Cam-Winget (@ncamwingw), an industrial security expert and Distinguished Engineer at Cisco, along with cohost Gregory Wilcox (@gswilcox_ohio) of our strategic alliance partner Rockwell Automation (@ROKAutomation). We had a thought-provoking interchange on how new digital business models impact industrial security interests, as well as some of the other inherent security risks for manufacturers.
If you missed the chat, the full recap is here, and below, I summarize a few of the highlights and insights for me.
Why is security for manufacturers such a top-of-mind concern, discussed across engineering, production, supply chain and boardroom alike?
By 2020, there will be an estimated 50+ billion intelligent things connected to the Internet. The emergence of more “smart” connected factories, in which machines and devices Read More »