Industrial Internet Consortium to help accelerate the IIoT
Technews Industry Guide - Industrial Internet of Things 2016
News
“The industrial Internet or the Industrial Internet of Things (IIoT), which connects machines, devices and people into functioning, intelligent systems, is expected to increase operational efficiency and productivity, and lower operational costs and waste for businesses in virtually every industry,” says Dr Richard Soley, executive director, Industrial Internet Consortium (IIC). “In fact, the IIoT is expected to have an annual economic impact of up to $6,2 trillion by 2025, according to McKinsey Global Institute.”
Dr Richard Soley.
The IIoT is expected to disrupt industries such as energy, with wind turbine operators being able to predict when a gearbox is about to fail and then schedule maintenance. In healthcare, hospitals can integrate standalone systems, such as ultrasound devices, into the overall hospital system, improving the decision making capabilities of staff and the quality of care. In manufacturing, factories can extract value from a wide variety of data to boost efficiency, reduce downtime and improve product yields.
The Industrial Internet Consortium was formed to accelerate the market adoption of the IIoT by acting as a catalyst and by coordinating the priorities and enabling technologies of the industrial Internet. Founded by AT&T, Cisco, General Electric, IBM and Intel in 2014 and managed by the Object Management Group, the Industrial Internet Consortium is organised into 19 working groups in seven broad areas: Business Strategy and Solution Lifecycle, Legal, Marketing, Membership, Security, Technology and Testbeds.
The Working Groups are comprised of IIC member company representatives from small and large technology innovators, vertical market leaders, researchers, universities and government organisations. The IIC and its members are creating new industry use cases and testbeds for real-world applications, defining a reference architecture and frameworks for interoperability and influencing the global development standards process for the industrial Internet.
The IIoT will dramatically alter manufacturing, energy, agriculture, transportation, healthcare and many other sectors of the global economy. The Industrial Internet Consortium continues to foster the growth of the IIoT by bringing organisations and technologies together and by identifying, assembling and promoting best practices.
For further information on the IIC and membership thereof please visit www.iiconsortium.org or contact [email protected]
Further reading:
Reinstatement opportunity for ECSA registration
News
In 2023 the Engineering Council of South Africa (ECSA) announced a special opportunity for engineers in South Africa to reinstate their registration status if it had been cancelled. This exclusive offer is available until the end of August 2024.
Read more...
Africa Automation Indaba 2026
News
A bold new chapter in Africa’s industrial evolution begins with the launch of the Africa Automation Indaba, set to take place from 13 to 14 May 2026 at the prestigious Radisson Collection Hotel in Cape Town.
Read more...
EtherCAT Technology Group holds another Plug Fest
News
Recently, the EtherCAT Technology Group (ETG) once again invited its members to a Plug Fest, this time specifically targeting developers and manufacturers of devices with Safety over EtherCAT (FSoE) functionality.
Read more...
BMG powers up at Nampo 2025
News
The BMG team was highly prominent at this year’s Nampo agricultural show, held near Bothaville recently. This prestigious event, which is one of the largest agricultural exhibitions in the southern hemisphere, is a highlight for manufacturers and suppliers of farming equipment, as well as for farmers, families and the entire community.
Read more...
Epiroc rocks youth development programmes
News
Epiroc is not just building equipment - it’s building futures. Through its dynamic internship and learner programmes, the mining equipment and services specialist is shaping South Africa’s next generation of skilled professionals, equipping them with real-world experience, industry knowledge and the confidence to launch successful careers.
Read more...
Schneider Electric drives innovation in Africa
Schneider Electric South Africa
News
Schneider Electric has officially launched its first Innovation Hub on the African continent, coinciding with the opening of its new regional headquarters in Midrand, South Africa.
Read more...
Schneider Electric South Africa certified as 2025 Top Employer
Schneider Electric South Africa
News
Schneider Electric is proud to announce its South African operation has been awarded Top Employer 2025 certification by a global authority in HR excellence, Top Employers Institute.
Read more...
100 years of safety leadership
News
DEKRA Industrial and its adult-based education and occupational skills training division, the Institute of Learning (IOL) will showcase a milestone at A-OSH 2025, as the company celebrates DEKRA Global’s 100 years of safety leadership.
Read more...
Drakenstein Municipality aces Schneider Electric’s Sustainability Impact Award
Schneider Electric South Africa
News
Drakenstein Municipality in the Western Cape has won a Sustainability Impact Award for Schneider Electric’s Anglophone Africa region, shining the spotlight on its unwavering commitment to sustainable leadership and its forward-thinking approach to ensuring a sustainable future for its coming generations.
Read more...
LH Marthinusen launches new industrial fan manufacturing and services factory
News
LH Marthinusen has launched its new industrial fan manufacturing and services factory in Ekurhuleni. THis is a major milestone for South African energy infrastructure growth.
Read more...
printer friendly version