There Are New Markets for Industrial IoT Data
are embracing the Open Data 4 movement to
report on their performance and to supply
data that drives economic development,
business innovation and better citizen
services 5 .
T HE I MPACT OF G LOBAL I NDUSTRIAL
P OLICIES AND A CCESSIBLE
T ECHNOLOGY
While they use different labels, industry
policy in leading nations is fueling the
demand side of the IIoT phenomenon. In
2013, a German government project 1
adopted the term “Industrie 4.0”, in
reference to the fourth industrial revolution,
linking machines, data and services. China
launched its “Made in China 2025” initiative 2
to
upgrade
Chinese
industry
comprehensively. And, South Korea
launched its national IoT Master Plan 3 to
foster global-scale IoT- business capabilities.
The impact of these industrial powerhouses
and export-led nations will raise product-
management and innovation thresholds
globally.
The second development is access to
visualization and data analysis tools, such as
artificial intelligence and machine learning.
These enable a variety of applications.
Examples
include
efficient
asset
management as well as condition
monitoring and predictive analytics
applications, all of which account for
tangible operational and cost-saving
benefits.
Data-availability is Creating New Ways to
Collaborate and Innovate
In addition to the impact on internal
operations, IIoT data is changing the
operating envelope for industrial firms.
Consider the intersection of supply chain
management, IIoT and the emerging field of
distributed ledger technology (also known as
Blockchain). The ability to register and track
components in an engineering assembly lets
an organization validate the quality of its
products. Firms can also enhance their brand
integrity by providing consumers with
Two supply-side developments make this
possible. One is the availability of data from
connected
devices.
Affordable
and
ubiquitous connectivity makes it easy to
record large quantities of data from
remotely located industrial-plant and
sensors on a regular basis. In the public
sector, government agencies and large cities
1 Securing the future of German manufacturing industry: Industrie40 Implementation Recommendations
http://www.acatech.de/fileadmin/user_upload/Baumstruktur_nach_Website/Acatech/root/de/Material_fuer_Sonderseiten/Ind
ustrie_4.0/Final_report__Industrie_4.0_accessible.pdf
2 中国制造 2025 - "Made in China 2025 https://www.csis.org/analysis/made-china-2025
3 Master Plan for Building the Internet of Things, http://www.iotkorea.or.kr/2013_kor/uploadFiles/board/KOREA-
%20IoT(Internet%20of%20Things)%20Master%20Plan%20-%202014.pdf
4 The Open Data Institute https://theodi.org/
5 London Data Store, https://data.london.gov.uk/
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June 2018