IIC Journal of Innovation 4th Edition | Page 26

Spotlight on Business Strategy & Solution Lifecycle Working Group  Vertical Taxonomy, which will provide a common reference framework for many IIC initiatives, including Use Cases and Industrial Internet Interoperability Coalition (I3C) (see details below) and many other of the BSSL WG initiatives listed here.  Use Cases, which includes deliverables ranging from industry backgrounders to specific named-client scenarios that demonstrate significant benefits from deployed IIoT solutions. The outputs are intended to assist vendors in better understanding end user needs and educate end users about specific solutions that may be available to address their needs.  IIC Connect which is a ‘matchmaking’ initiative within the IIC, designed to provide introductions between various IIC members with identified needs and relevant niche offerings in the IIoT space.  Operational Knowledge Repository, which provides for the establishment of an online database of experience, reference use cases and best practice. The repository of knowledge gained in the development, testing and operation of actual or partial IIoT solutions will enable the identification of best practices for developing and operating IIoT solutions – a valuable resources for end-users and solution architects.  Key Performance Indicators (KPIs) and metrics, Service Level Agreements (SLAs) and Service Level Objectives (SLOs): The aim of which is to provide management and performance monitoring tools that can be used to ensure that IIoT value networks provide an appropriate level of service to end users. Additionally, the defined measures can be used to ensure that all participants within such value networks are appropriately accountable for the overall performance of the full solution. BSSL WG is also leading the Industrial Internet Interoperability Coalition ‘I3C’ cross-WG initiative:  The I3C Initiative supports the identification of ‘hotspots’ in the IIoT where companies from different industries or verticals must cooperate and interwork different standards, technologies or architectures. For identified hotspots, the team will work to identify protocols by which companies can effectively work together. Identified hotspots currently include remote maintenance and low latency networking. BSSL WG also has one initiatives for which we are currently garnering support:  IIoT Monetization Model under which initiative we plan to consider the range of potential new business models that are emerging within the IIoT. The main focus will be on identifying how each participant in an IIoT value network can best extract appropriate value, given their contribution to the overall solution. The effort may potentially include the identification of new technical measures and infrastructures to support monetization in the future IIoT. IIC Journal of Innovation 25