Category

Internet of Things

Wine is a Mocker (Jan Steen, 1663–64)

The Industrial Internet of Things: When the Party is Over

By | AR/VR, Artificial Intelligence and Machine Learning, Internet of Things, Manufacturing, Mergers & Acquisitions | No Comments

IoT Industry Snapshot and Predictions

The industrial Internet of Things community is finally beginning to sober up from the bacchanalia of counting connected IoT devices and terabytes of cloud data storage that has dominated the IoT narrative for too long.

IoT platform vendors and consultants are shifting their focus from the lower rung of the IoT technology stack that focuses on device connectivity to the other end of the stack, to technologies that provide meaningful business value: multidisciplinary data aggregation, complex data analytics and higher capacity for optimal decision-making.

Robust articulation of the business value of industrial IoT has been absent from much of the narrative, in the vein of “if you build it, they will come.” Many IoT platform vendors provide tools to draw snazzy dashboards, plot complex data graphs and display virtual gauges. But their data analytics tools are not as robust and trending and predictive capabilities are over optimistic. And the recent rush to add statistical analysis tools (often linear regression tools masqueraded as artificial intelligence and machine learning) will face real-world challenges of data biases, inconsistency and scale. Read More

Triple Self Portrait (Norman Rockwell, 1960)

Digital Twins: Is More Better?

By | Internet of Things, IT Strategy, PLM | No Comments

The Digital Twin

A digital twin is a live digital representation of a physical asset. It is a cyber-physical mockup that represents both the physical instance and its broad business context in which it operates, from inception to end of life.

The digital twin acts on behalf of connected physical objects by receiving alerts and notifications, sending instructions and updates, and providing real-time information on their state and health to the owners, operators, and maintainers of these assets.

The digital twin is an integral part of the assets’ lifecycle activities. Beyond enabling remote connectivity and control flow, a digital twin must be able to curate a rich decision-making context of a broad spectrum of information and lifecycle activities such as configuration, service entitlement, and maintenance and upgrade history.

Can I Get One, Too?

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An Old Woman Weighing Gold Coins (Rembrandt School, 17th Century)

The ROI of IoT: Quantifying the Strategic Value of IoT

By | Internet of Things, Strategy | No Comments

The Digital Transformation: From Conduits to Content

In the earlier days of the Internet of Things, the industry was obsessed with the magnitude of the network and forecasting how many millions and billions connected “things” it will encompass. As it turned out, those predictions were mostly overblown, vague and inconsistent.

But the hypothetical ability to connect billions of devices to the Internet is of little or no consequence to most industrial companies. Of course, telecom companies, wireless carriers, and semiconductor manufacturers see growth opportunities across many industrial sectors, but these numbers are meaningless to an organization that is trying to harness the IoT to optimize and grow its business and its customers’ business.

The fascination with astronomical number of connected devices is finally subsiding and the conversation is moving gradually from data pipes and conduits to utilizing their content to create business value. Read More

PTC Rockwell Partnership

PTC and Rockwell Automation Partnership: A New Era of PLM Competition Begins

By | Internet of Things, Manufacturing, PLM | No Comments

PLM software vendor PTC and factory automation equipment maker Rockwell Automation recently announced  a partnership agreement. As reported, Rockwell is making a $1 billion equity investment in PTC to acquire 10.6 million newly-issued PTC shares and will become its third-largest shareholder. Rockwell will also get a seat at PTC’s board of directors.

This partnership is significant and will change the balance among the top-tier PLM and factory automation vendors for years to come. Read More

Drawing Hands (M.C. Escher, 1948)

The Internet of Things and Blockchain: When Overhyped Technologies Intersect

By | Internet of Things | 2 Comments

What’s the role of blockchain technology in the industrial Internet of Things?

This is a question I am frequently asked during my webinars, lectures, and casual conversations about Internet of Things. Many argue that blockchain technology is the missing element that will now fuel the rapid growth in IoT and bring the value we’ve been promised by vendors and pundits, while other observers believe that both technologies are still nascent and overhyped and will take time to mature and prove value.

When blockchain and IoT technologies, each promising to revolutionize all aspects of our lives, are brought together, do they result in something greater than the sum of their parts? Or is it yet another case of overhyped technologies that cause much excitement but are slow to mainstream and deliver on the promise? Read More