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:
OMRON Robotics and COMAU to collaborate on expanding advanced industrial automation solutions
Omron Electronics
News
COMAU and OMRON Robotics have signed a strategic collaboration agreement aimed at accelerating the adoption and deployment of advanced industrial automation solutions for manufacturers worldwide.
Read more...
RS South Africa marks 30 years of enabling industry and innovation
RS South Africa
News
RS South Africa celebrates its 30th anniversary this year, marking three decades of supporting local industry, enabling innovation and building strong customer partnerships across the country.
Read more...
Africa’s AI ambitions face critical infrastructure questions
Schneider Electric South Africa
News
As AI investment accelerates globally, Africa is increasingly being viewed as the industry’s next major growth frontier. The continent’s AI ambitions will ultimately depend on its ability to solve one critical challenge: infrastructure readiness.
Read more...
SKF South Africa celebrates 112 years in rotating asset optimisation
SKF South Africa
News
Commemorating 112 years of innovation, premium quality products, cutting-edge technologies and enduring partnerships, SKF South Africa in 2026 enters a defining chapter in strategic rotating asset optimisation.
Read more...
Five reasons why female engineers in SA should become professionally registered
News
According to award-winning engineer and CEO of AvenirHoldings, Tshidi Mndzebele, professional registration is one of the most important steps female engineers can take to strengthen and advance their careers.
Read more...
Closing the energy efficiency gap at SKF’s Tech & Innovation Summit
SKF South Africa
News
SKF is hosting its yearly virtual Tech & Innovation Summit, bringing together industry leaders and experts to showcase technologies, products and solutions designed to help close the energy efficiency gap in industrial operations.
Read more...
Appointment
News
Beckhoff Automation has appointed Scott Hayward as support technician.
Read more...
Mining sector turns to private renewables
News
As the European Union’s Carbon Border Adjustment Mechanism enters its permanent phase and global buyers tighten emissions disclosure requirements, South African mining operations are accelerating the integration of privately contracted renewable power into their energy mix.
Read more...
Appointment
Beckhoff Automation
News
Beckhoff Automation has appointed Luzuko Bulembu as technical support engineer.
Read more...
From the editor's desk: You could be doing what?
Technews Publishing (SA Instrumentation & Control)
News
Humanoid robots are increasingly featuring in the news. Some of them are a bit creepy, some make you anxious because they might take your job, but others are a lot of fun, and they’re getting better
...
Read more...
printer friendly version