M2M & IoT the 4th Industrial Revolution and the Service Economy
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The document discusses how M2M, IoT, and emerging technologies are driving changes in manufacturing towards a service economy. It notes that companies are moving into services and customization is giving way to standardized products and utility models. With cloud computing and standardized components, software complexity is decreasing. The integration of distributed IoT systems through platforms allows data producers and consumers to scale independently. This transforms data at the network edge into actionable insights. Emerging technologies require rethinking business models to focus on services extracted from generated data.
M2M & IoT the 4th Industrial Revolution and the Service Economy
- 1. M2M & IoT the 4th Industrial Revolution and the Service Economy Roberto Siagri, Chairman & CEO, Eurotech SpA
- 2. Manufacturing Industry is in Transformation by the forces of: ‐ deregulation ‐ technology ‐ globalization ‐ competitive pressure
- 3. Steam Engine Assembly Line Computer M2M 1⁰ 2⁰ 3⁰ 4⁰
- 4. 4 in the 21st century, we won't experience 100 years of progress it will be more like 20,000 years of progress The Law of Accelerating Returns Ray Kurzweil The pace of change is accelerating : be prepared! 1⁰ 2⁰ 3⁰ 4⁰
- 5. IoT/M2M is not about Products & Technologies is about Transition
- 9. • Open & Industry Standards • Standard Computer HW components • Cloud computing • Standard SW components Time Cost‐Ubiquity Z‐curve S‐curve M2M/IoT : Commoditization of distributed systems
- 11. The dawn of a New Smart World Transforming Bits of Data at the Edge of the Network into Actionable Information & Knowledge in the Users’ hands will bring about the biggest change in industry since the steam engine
- 12. Software is Eating The World * Companies in every industry need to assume that a software revolution is coming… (*)Marc Andreessen
- 13. Software Complexity (or Cost) is “naturally” growing Cost--Complexity Time HW SW 13 Wirth’s law: “Software gets slower faster than hardware gets faster”
- 14. With the Cloud Technology Software Complexity (and Cost) is going down (…for a while) Cost--Complexity Time HW SW 14 Wirth’s law: “Software gets slower faster than hardware gets faster”
- 17. How to harness the complexity of IoT Decoupling Data-Producers from Data-Consumers 1- scale elastically 2- enable new services 3- reuse and combine IoT Infrastructure Solution Operational Technology Building Block Data-Producers Data-Consumers
- 18. How to harness the complexity of IoT Decoupling Data-Producers from Data-Consumers 1- scale elastically 2- enable new services 3- reuse and combine Data-Producers Data-Consumers
- 19. Connecting the field at the Enterprise Four Layers and Two Architectural Components Business Apps Multi- Service Gateway M2M Integration Platform Act Integrate, Store Control Connect + Communicate Compute Collect @ Field Interfaces Enterprise Service Bus Field - Devices 1 2 3 4 ESF (Everyware Software Framework) ESF (Everyware Software Framework) EC (Everyware Cloud) EC (Everyware Cloud)
- 20. iPaaS: Everyware Cloud Customers Vertical APP Business APP Social Accessible by multiple users at the same time remote maintenance and remote supervision data management and device management
- 22. Re‐Thinking • Products • Value Add • Business Model • Business Processes