What ’ s New at the IIC ?
What ’ s New at the IIC ?
2018 TAKES THE STAGE
2018 waits under the marquee with anticipation . It was only a few years ago that we were reading reports of the next Industrial Revolution , called the Industrial Internet of Things ( IIoT ) and how it was going to disrupt everything by merging operational and informational technologies across all departments , throughout all industries , and around the globe . Market sizing by some estimates was USD 170B in 2017 ( ARM Limited ), to USD 267B by 2020 ( Forbes ), and USD 934B , by 2025 ! ( Grand View Research ). Fast forward to today -- IIoT is the hottest ticket in town .
In just the past few months , the Industrial Internet Consortium ( IIC ) has powered through a number of deliverables including publication of the Edge Computing Edition of the Journal of Innovation and the Industrial IoT Analytics Framework technical report . A recently published white paper by the Smart Factory Task Group discusses how to get started in IoT by creating a “ green patch ” in your “ brownfield ” factory environment . Two new testbeds were introduced this quarter : Digital Solar Plant Testbed and Manufacturing Quality Management Testbed . One of our testbeds reporting significant results is the Intelligent Urban Water Supply Tested , featured in this Journal of Innovation and several others have been summarized in our report , “ Why We Build Testbeds : First Results .” In addition , we have established liaison agreements with Avnu Alliance , EdgeX Foundry , Industrial Internet Brazilian Association , NEMA and oneM2M .
The Industrial IoT Analytics Framework
Advanced analytics is at the core of the IIoT . When analytics are applied to machine and process data , they help optimize decision-making and enable intelligent operations . These new insights and intelligence can be applied across any level of any industry if the appropriate data can be collected and analytics are applied correctly . Data analytics is the new engine that is driving IIoT transformation . The Industrial IoT Analytics Framework is a first-of-its-kind blueprint that maps analytics to IIoT applications .
Testbeds – Venture Boldly !
The IIC is a global theater for the IIoT . The IIC ’ s unique and powerful combination of industry leaders , economic focus and dynamic technology gives its members a platform for huge impact . At center stage , we have the Testbed Program ; an incredible resource for the industry and for our members .
IIC Journal of Innovation - 41 -