Thank you, Marcellus. As an introduction to the Industrial Internet Consortuim, let‘s have a little bit of history.
Around 1840 we had the Industrial Revolution with its steam power locamotives and factory machines which created enormous disruption in jobs worldwide;
There was a jump in productivity as human energy & muscle moved to machine muscle. The jump in productivity was huge – a 2.5 to 4.0 times increase, not percentage, times increase in productivity. Initially, jobs were lost but because of the huge leap in productivity, there was a huge leap in consumer demand which led to more jobs created. Far more jobs were created than lost.
We saw this happen again 100 years later with the Internet Revolution. The Internet Revolution was the movement from human connectivity to machine connectivity. Again we saw productivity increase between 2.5 and 4 times. And again saw disruption. Again, new jobs were created.
We know this is going to happen again. Where this is going to happen is in the application of internet technologies to the industries that have traditionally had no impact of internet technology on those industries.
Again, we think you will see a large leap in productivity which will lead to a large leap in consumer demand and a large leap in job creation. But, it will be disruptive and it is hard to know what those disruptions will be.
There is a real problem in figuring out how we use internet technologies in those industries that have essentially been untouched by this interent technology. So what we need to do is bring together the players in that world. The standards people, the manufacturers, banks, healthcare companies, technology providers, research organizations and universities to figure out:
what are the standards we need,
what are the priorities for those standards,
what are the best practices,
how do we hire people,
how do we reskill,
what products do we need,
How do we secure our networks that were originally designed to be isolated but are now exposed to continuous attacks of ever-increasing sophistication
How do we address the unprecedented increases in risks to plant personnel, to society and the environment at large, as well as to the businesses which operate industrial processes
With the proliferation of connected devices, how do we protect against error, mischance and malicious intent?
All of these questions represent the challenges of applying internet technologies to industries that have essentially been untouched by interent technology.
That is essentially what the Industrial Internet Consortium is all about.
That is why we call it the Industrial Internet - the application of IoT to industrial.
And this is why we have a made it a priority to build, together a safe, reliable and secure Industrial Internet.
Through testbeds, through reference architectures, through the Industrial Internet Security Framework.
This is our mission statement, with 2 key phrases highlighted in red:
Coordinating ecosystem initiatives – creating an ecosystem of small and large industry players, academia and government organizations.
We have hundreds of companies from dozens of countries working together to figure this out.
Transformational business and societal outcomes – what is the impact on all of these industries;
In March of 2014 our founders came together and said let’s work together to learn how to apply internet technologies to industry because our industries are going to be disrupted. Rather than be disrupted, we will lead the disruption to deliver the transformational business and societal outcomes across industries and public infrastructure.
With that, I will turn it back over to Jesus and Dan.
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