Secure IoT and Data-driven Innovation in Manufacturing, Prof Tim Watson
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Professor Tim Watson's presentation discusses how IoT and data-driven innovation can generate $371 billion in value for manufacturing over the next 4 years by creating value from data and streamlining operations, but that there are also risks to consider. The presentation recommends a risk-managed approach involving technology, processes, and people, with measures like access control, authentication, encryption, resilience, and accountability, to maximize the benefits of IoT and data while ensuring risks are properly handled.
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![IoT and Data-Driven Opportunity
"Smart manufacturing” will generate $371
billion in net global value over the next 4
years: by 1) creating value from data and 2)
streamlining design processes, factory
operations, and supply chain risks. (IDC,2014)
“[IoT] will increase manufacturing
productivity by 10-25%.” (ITIF, 2016)](https://image.slidesharecdn.com/getconnected7feb17twatson-170210110902/85/Secure-IoT-and-Data-driven-Innovation-in-Manufacturing-Prof-Tim-Watson-3-320.jpg)
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Secure IoT and Data-driven Innovation in Manufacturing, Prof Tim Watson
- 1. Secure IoT and Data-Driven Innovation in Manufacturing Professor Tim Watson
- 2. IoT and Data-Driven Opportunity
- 3. IoT and Data-Driven Opportunity "Smart manufacturing” will generate $371 billion in net global value over the next 4 years: by 1) creating value from data and 2) streamlining design processes, factory operations, and supply chain risks. (IDC,2014) “[IoT] will increase manufacturing productivity by 10-25%.” (ITIF, 2016)
- 4. But, there are risks!
- 5. Risks!
- 6. A Risk-managed approach In order to ensure that you get the maximum benefit of IoT and Data- Driven manufacturing within your organisation and supply chain, a managed approach is required.
- 8. A Risk-managed approach Access Control based on Least Privilege Strong authentication Encryption Resilience Accountability
- 9. Move Forward Don’t let fear prevent you from innovation Risk-managed development could bring great benefit
- 10. Thank You