IIC Journal of Innovation 4th Edition | Page 50

What’s New at the IIC? T HE H IVE OF A CTIVITIES The Industrial Internet of Things (IIoT) is set to transform business models in all markets. Collaboration and mastery of new skills, such as those within IIoT, will be essential to business success. With over 260 member organizations, and growing, the Industrial Internet Consortium (IIC) is a hive of activity. And the hive provides a unique opportunity for collaboration and experiential learning not found anywhere else. IIC Quarterly Member Meetings (2017: Reston, VA; Berlin, Germany, Singapore, and Burlingame, CA) provide an opportunity to network face-to-face with other members, gain new ideas, and complete work within the groups. Working Groups, Task Groups and Contributing Groups work virtually between quarterly meetings to keep projects and deliverables moving toward completion. This first half of 2017 saw the publication of the Industrial Internet Connectivity Framework (IICF), the Business Strategy and Innovation Framework (BSIF), the latest update to the Industrial Internet Reference Architecture (IIRA) and a technical whitepaper, Industrial Analytics: the Engine Driving the IIoT Revolution. framework to develop interoperable IIoT systems for diverse applications across a C OMMUNICATIONS & C ONNECTIVITY broad spectrum of industrial verticals in the Connectivity refers to the infrastructure to public and private sectors to achieve the true enable communication between promise of IIoT. Its importance is participants. Without connectivity, there is summarized by one of our members in this no communication. Learn more about the 3-minute video. Industrial Internet Connectivity Framework from this video. A DVANCED A NALYTICS E MERGING O PPORTUNITIES Additionally, members of the Industrial Analytics Task Group have recently published a technical whitepaper titled, “Industrial Analytics: the Engine Driving the IIoT Revolution.” Advanced analytics is at the core of this next-generation level of integration and, when applied to machine and process data, provides new insights and intelligence to optimize decision making significantly and enable intelligent operations leading to transformational business outcomes and social value. If data is the new fuel, data analytics is the new engine. As the IIoT transforms businesses and changes the competitive landscape, collaboration and mastery of new skills will be essential to business success. The Business Strategy and Innovation Framework (BSIF) provides a high-level identification and analysis of issues that any enterprise will need to address and offers an organized, disciplined approach to moving forward successfully. R EFERENCE A RCHITECTURE First published in 2015, the IIRA addresses the need for a common architecture IIC Journal of Innovation - 49 -