ARC Advisory Group releases report on industrial IoT

The ARC Advisory Group, a well-known research and advisory firm for industry and infrastructure, has come out with a new report on planning for the industrial Internet of Things (IoT).

Announcing this, ARC has said although there was plenty of hype surrounding the IOT, this wasn’t another futuristic fad. Leading companies were making major investments in the Internet of Things concept for their industrial solutions, using catchy terms such as “Smarter Planet” (IBM), “Internet of Everything” (Cisco), and “Industrial Internet” (GE). In Europe, “Industry 4.0” is taking hold. Many other software, hardware, and automation companies, too, were also developing (or already offer) industrial IoT solutions.

IoT-enabled improvements in industrial production — as well as asset, maintenance, and service management processes — promise to reduce unplanned machine downtime and dramatically reduce energy costs, among numerous other anticipated benefits.

ARC felt industrial companies were in a unique position. Industrial manufacturers were likely to both consume connected products for use in their own operations and produce connected products for use by their end customers. Automotive manufacturers, for example, were racing to add incremental value-add through in-car connectivity and associated applications, but would also need to plan for the use of a new breed of connected machinery in their production facilities. The unique demands of this dual use made it important that the entire organisation (up to and including the C suite), understood the value proposition inherent in intelligent management of connected products. The new report deals with this and other related issues.

You may go here for the full report.

Image Credit: ARC Advisory Group

Advertising Message

Leave a Reply

Click here to opt out of Google Analytics