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Similaire à Wp04 industry iot-6 key transitions
Similaire à Wp04 industry iot-6 key transitions (20)
Wp04 industry iot-6 key transitions
- 2. Engineering firms are going undergoing a fundamental
transition. In fact Flutura from its global industrial IOT
engagements in last 2 years has distilled out 6 core
transitions at play . Depending upon the vertical
(utility,heavy engineering, oil n gas) and market
(advanced / emerging) each of these transitions
have different velocities and more importantly these
transitions are irreversible. So what are the 6 key
irreversible transitions which are accelerating and
gaining momentum in the fast changing market place?
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©Fluturasolutions2015
- 3. Looking at an an engineering product, thru the
eyes of a customer, one can differentiate a
product on the engineering dimension or the
intelligence dimension. Which provides more
headroom to impact the consumers perception of
value in the product - the intelligence or
the engineering ?
For example, the car is a classic example where
the headroom available to impact customer using
intelligence far exceeds the headroom available
to impact using engineering. Its relatively easy in
the auto industry to create customer "wow" by
providing mileage intelligence, personalised car
settings or "Onstar" like remote intelligence than
by a disruptive change to engine design
INDUSTRIAL IOT:6 KEY TRANSITIONS
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©Fluturasolutions2015
- 4. Is the increase in data streams
matched by a corresponding
increase in revenue streams ?
For example, in building management
systems, with the decreased cost of
instrumentation of assets like boilers,
chillers , lifts etc there is going to be an
explosion in data streams. The key question
is whether these explosion in data streams
also results in an increase in revenue
stream from newer business models around
remote monitoring, predictive maintenance
etc.
INDUSTRIAL IOT:6 KEY TRANSITIONS
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©Fluturasolutions2015
- 5. There are 2 worlds in Engineering industries
- the Operational Technology world of
SCADA/PLC/Historians and out of condition
monitoring software where ownership is
with engineering and the world of business
applications where CIO organisations own it
For example, in the oil and gas industry condition
monitoring systems and process historians record
a lot of data regarding the state of the process.
But data from operational systems like
SCADA/Historians are not "fused" and triangulated
with the rest of the IT data say from shift
management systems and employee databases or
identity management systems which tell who
operated the asset.
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©Fluturasolutions2015
- 6. 6
©Fluturasolutions2015
One of the reasons the explosion of consumer internet
was interoperability and standards. One of the main
stumbling blocks of industrial IOT is the variety of
different ways in which assets "talk" to each other.
But this is changing
For example, in the Utility industry there is OSGP
(Open Smart Grid Protocol ) whose intention is to
harmonise and speak a common energy exchange
language
Similarly in the Oil n Gas industry standards
like WITSML (Well site Information Transfer Standard
Mark-up Language) provides non proprietary
interoperability standards to exchange digitised oil
well information
