Internet of Industrial Things Presentation - Sophie Peachey - IoT Midlands Meet Up
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The document discusses the Internet of Things (IoT) and the Internet of Industrial Things (IoIT), highlighting their potential to improve industrial performance and create significant economic value, estimated at $1.9 trillion globally. It emphasizes the urgent growth of connected devices, predicting 26 billion to 50 billion by 2020, with a focus on services driving revenue. Additionally, it outlines Axillium Research's initiatives and programs to foster innovation and collaboration in IoT technologies across various industries in the UK.
Internet of Industrial Things Presentation - Sophie Peachey - IoT Midlands Meet Up
- 1. Confidential & Proprietary - © Axillium Research 2014 – All Rights Reserved Sophie Peachey Director of Insight and Innovation IoIT – Connecting Industry with the Internet of Things – a UK Approach Axillium.com
- 2. The Internet of Things: Top-level definition Internet of Things (IoT): Technologies in consumer-based products used to define and characterise an analogue ‘thing’ in a digital way. For example: • Motion, light and temperature sensors can collect environmental information about a room, creating a digital picture of what is otherwise an analogue space. • Similar sensors within a car can be used to support its interaction with the hazards it encounters on its journey.
- 3. The Internet of Industrial Things: Top-level Definition Internet of Industrial Things (IoIT): Uses similar types of technology to generate digital definitions of analogue or other digital ‘things’, but the impact is: • Process focused, improving industrial performance and efficiency. • Product focused, enabling new products to interact with their environment For example: • Using sensors in an industrial space to enhance and improve manufacturing process by tracking the way tools work within certain conditions and optimising their use in relation to the conditions. • Creating a way for a product to interact with its environment during its creation and on through its life when purchased.
- 4. The Internet of Industrial Things – Global Opportunities The resulting global economic value add to industry as a result of increasing sales and decreasing inputs and costs will be $1.9 trillion. $1,900,000,000,000 Global Value Add Gartner estimates that by 2020 there will be 26bn connected devices. Ericsson estimates 50 billion connected devices by 2020 (Ericsson White Paper, February 2011). 26bn Connected Devices An explosion of connected devices over the next seven years will create huge opportunities. By 2020 Gartner estimate over $300 billion incremental revenue for IoT suppliers with c.$250 billion derived from services. As business models mature, the market will increasingly be driven by services to affect a set of business processes that exist today within the enterprise. $300 billion Incremental Revenue 300bn IoT Suppliers IoT Services 250bn Key service elements include: • Configuration & customisation of IoT solutions • Integration • Data analytics Source: Gartner, Forecast: The Internet of Things Worldwide, 2013
- 5. The Internet of Things: IoT Waves – Ericsson February 2011 Ericsson’s White Paper predicts Networked Industries as the 2nd phase of IoT adoption Acknowledged source: http://www.ericsson.com/res/docs/whitepapers/wp-50-billions.pdf
- 6. Axillium’s Programme Delivery Axillium Research is expert at Innovation Management of Grand Challenges for TSB, BIS, AMSCI, EPSRC and private clients. 5. TSB’s VE-DRIVE: using digital technology to connect Jaguar Land Rover’s supply chain in collaborative product design, manufacture and through-life management; 4 partners, £1.26m, 2 years Axillium manages dissemination activities, prime stakeholder engagement, funding stakeholder engagement, and management of the project team and its deliverables. For example: 1. TSB Internet of Things Interoperability Demonstrator Phase 1: Developing EyeHub as a secure interoperable IoT platform hub for discovery and use of digitally enabled data; 11 organisations, 3 use cases, £799k, 1 year 2. TSB i-Composites Grand Challenge: 26 partners, 28 projects, £10m, 1 year… 3. AMSCI Composites Innovation Cluster: Making step- changes in composites materials, design, process and use within aerospace and automotive sectors; 26 partners, 15 projects, £22m, 3 years 4. EPSRC Programme for Simulation Innovation (PSi): Jaguar Land Rover’s strategic research activity to engage 6 Universities across 8 themes; £10m, 5years “In just one year, the Composites Grand Challenge substantially progressed the UK’s composites manufacturing capabilities across 26 projects that were focused on issues such as energy reduction, automation, process time reduction, materials and sustainability. A key factor in this successful collaboration was the independent programme management and support provided by Axillium Research who facilitated and encouraged the intensive interaction and collaboration among the project partners that was the programme’s hallmark." John Cornforth, VP Technology, GKN Aerospace
- 7. A 2014 UK View of Leaders in the IoT Ecosystem ARM, AlertMe, Neul, AcquaMW, IntelliSense.io, Enlight, 1248, Red Ninja, Neul and Badger Pass SMART Facilities OPEN IOT: Connecting Site Data Science Scope, Intel, Xively, Explorer HQ, Stakeholder Design, Uni of Birm’m Urban Climate Laboratory, UCL Centre for Adv’d Spatial Analysis, The OU Dept of Computing. Education DISTANCE: Connected Learning Flexeye, Open Data Institute, University of Surrey, Axillium, Manage Places, Eseye, NPL, DesignSwarm and Guilford Borough Council Data & Security EYEHUB: Secure Big Data Aimes Grid Services, BT, Traak, Avanti, Placr and Merseyside Transport Transport i-MOVE: Vehicle Ecosystem BT, Aimes, Ctrl-Shift, University of Cambridge, Dartt and The Highways Agency. Logistics STRIDE: Smart Transport & Logistics LivingPlanIT, London City Airport, Milligan Retail, IBM and Critical Software. Airports INTER- NATIONAL AIRPORT Airport Services SH&BA, EDF, IBM, BRE and Westminster City Council Environ- ment IOT BAY: Open Data Interop InTouch Ltd, Lancaster University, Redcar & Cleveland BC, University of Birmingham, BCC, Carillion, Balfour Beaty & Amey PLC. Highways SMART STREETS: Highway Maintenance
- 8. IoT Interoperability: HyperCat Solves the problem of resource Discovery: Common, machine-readable API HTTPS, REST, JSON Can annotate existing APIs A simple foundation on which to build A banner of openness, an ecosystem Service 1 Apps 1 Devices 1 Service 2 Apps 2 Devices 2 Service N Apps N Devices N HyperCat Horizontal x Verticals Reusable horizontal thinking Real vertical test cases Solve interop problems we all have Vertical1 Vertical2 Vertical3 Vertical4 Vertical… VerticalN Horizontal
- 9. Gartner forecast that the $1.9Trillion global value add will be split across the following industry sectors: 15% 8% 11% 15% 11% 8% 4% 5% 8% 6% 4% Manufacturing Healthcare Insurance Banking & Securities Retail & Wholesale Computing Services Government Transportation Utilities Real Estate Other Industry Opportunities Source: Gartner, Forecast: The Internet of Things Worldwide, 2013 The resulting global economic value-add to industry as a result of increasing sales and decreasing inputs and costs will be $1.9 trillion
- 10. Horizontal Impact on the Vertical Sectors IoIT use cases are predominantly industry-vertical focused. Customisation for vertical markets will be critical for most of the horizontal elements. Determine interoperability, standards and practices that allow data, systems and lessons to be shared across the verticals. IoT Professional Services IT Professional Services Enterprise Software Data Centre Services Communications Services Infrastructure / Gateway Middleware / Security S/W OS Hardware Hardware Services Semiconductors General Standards Manufacturing Healthcare Insurance Banking&Securities Retail&Wholesale ComputingServices Government Transportation Utilities RealEstate Other
- 11. Intent of the IoIT Cluster The Cluster will offer businesses of all sizes the opportunity to work together to address the challenges of adopting, integrating and operating an IoIT product or business model. IoIT use cases will be predominantly focused on industry verticals where the critical success factors will address horizontal elements through: • Research and development from early stage research to maturing technologies • Training and development to build skills and capability • Innovation management and technology transfer • Technology showcasing and business mentoring The IoIT Cluster will be the UK’s Flagship Programme leading a supply chain of networked business and industries which deliver connected technology, products, jobs and growth.
- 12. Confidential & Proprietary - © Axillium Research 2014 – All Rights Reserved © 2014 Copyright Statement All rights reserved. This is a confidential & proprietary document. The strategy developed herein is the sole property of Axillium Research. No intellectual property rights are granted by the delivery of this document or the disclosure of its content. This document shall not be reproduced in full or in part, or disclosed to a third party without the express written consent of the contributors. This document & its content shall not be used for any purpose other than that for which it is supplied. The statements made herein do not constitute an offer. They are based on the mentioned assumptions & are expressed in good faith. All images used in this presentation are © of the organisations . The logos and images of academic and industrial organisations used are openly credited and © of any other organisations. © Axillium Research, 20 Cottesbrooke Park, Heartlands, Daventry, Northamptonshire NN11 8YL Axillium Consulting Ltd trading as Axillium Research UK Registered Company: 6370406Registered Address: 28 Osprey Drive, Daventry, Northamptonshire, NN11 0XP