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Industrial Internet of Things by Edy Liongosari of Accenture

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Introduction to the Industrial Internet of Things as presented at the IoT Inc Business' Fifth Meetup. See: http://www.iot-inc.com/meetup-driving-growth-industrial-internet-of-things/

In our fifth Meetup we have Edy Liongosari, Managing Director of Accenture Technology Labs presenting “Driving Unconventional Growth Through the Industrial Internet of Things.” Come meet other business leaders in the IoT ecosystem and discuss the business issues you face in the Internet of Things.

PRESENTATION ABSTRACT
The Industrial Internet of Things has been heralded primarily as a way to improve operational efficiency. But in today’s environment, companies can also benefit greatly by seeing it as a tool for finding growth in unexpected opportunities. In the future, successful companies will use the Industrial Internet of Things to capture new growth through three approaches: boost revenues by increasing production and creating new hybrid business models, exploit intelligent technologies to fuel innovation, and transform their workforce.

Published in: Technology

Industrial Internet of Things by Edy Liongosari of Accenture

  1. 1. Industrial Internet of Things Driving Unconventional Growth January 8, 2015 Copyright © 2015 Accenture. All rights reserved.
  2. 2. Internet of Things in the News 2Copyright © 2015 Accenture All rights reserved.
  3. 3. IoT Acceleration Source: CBI Insights, Cisco Consulting Services Analysis Source: Machina Research, IDC, ABI Insights, Cisco Consulting Services Source: Machina Research, Cisco VNI, Cisco Consulting Services, Cisco Connection Counter Source: Factiva, Google, IPSO-Alliance, Intel 3
  4. 4. What is the Industrial Internet of Things? “The industrial Internet of Things is the universe of intelligent industrial products, processes and services that communicate with each other and with humans over the computing network” Intelligent Product, Environment and Services Copyright © 2015 Accenture All rights reserved. 4
  5. 5. The benefits of Industrial Internet of Things are in the trillions of dollars 5 Source: World Bank 2011, GE 2012 Source: Cisco, 2013 Copyright © 2015 Accenture All rights reserved.
  6. 6. Survey on IoT Investments Source: Cisco IoT Survey 2014, % of survey respondents N=1230 Copyright © 2015 Accenture All rights reserved. 6
  7. 7. Copyright © 2014 Accenture All rights reserved. 7Copyright © 2015 Accenture All rights reserved. 7
  8. 8. Example - Life Safety 8Copyright © 2015 Accenture All rights reserved. • Continuous gas monitoring for each individual for abnormal levels of H2S, LEL, O2, NO2, CO and SO2 present in refinery • “Panic” button for medical and other emergencies • Motion sensor in case individual is unconscious and stops moving • All alarms managed by Operators in Central Control Room • Must include location in order to facilitate rapid recovery
  9. 9. Copyright © 2014 Accenture All rights reserved. 9Copyright © 2015 Accenture All rights reserved. 9
  10. 10. IIoT for Driving Growth Products Information Services Pre-digital product line Digital product line New market segment Farm equipment Partner in agricultural information service marketplace Equipment services Machine maintenance services Remote diagnostics and optimization services Commercialofferingcategories Go to market approach More Intelligent Farm equipment with sensors Soil, plant and equipment analysis results Partner in agricultural services Partner agricultural products Copyright © 2015 Accenture All rights reserved. 10
  11. 11. To deliver the outcome economy will require connected ecosystems and platforms so that data can be easily aggregated and used to create new value-add services The emergence of the outcome economy will redefine industry boundaries and relationships and create a new wave of winners and losers 11Copyright © 2015 Accenture. All rights reserved. Connected Products Connected Ecosystems & Platforms Customer Outcomes enables delivers
  12. 12. The Industrial Internet will enable the capture of significant value – of which operational efficiency is only a small part Value Categories Strategic Approach Value Unconventional Revenues NextGen Products/Services Product as a Platform New Business and Operating Models Most Valuable Information Provider Operations and Predictive Maintenance Commercial Optimization New Customer Experience and M2M Applications Treating Services as R&D for products Enabling third parties to create information services Locking customers into the information services Sensors, analytics, and real time data for insights Flexible production techniques to boost productivity Data to work as digital service for equipment performance Gain opportunities to create customer touch points Avoiding unnecessary product shutdowns Computerize repetitive tasks and workflows Improved supply chain and logistics performance Reduce costs of energy, maintenance, repair etc. Incremental Revenues Operational Efficiency Preventive Maintenance Process Automation Operation Optimization Global Asset Visibility Examples: Copyright © 2015 Accenture All rights reserved. 12
  13. 13. The two most transformational impacts of the industrial internet will be the emergence of outcome economy and the tight integration digital and human labor The impact of the Industrial Internet is transformational 13Copyright © 2015 Accenture. All rights reserved. 1. Operational Efficiency 2. New Product & Services 3. Outcome-based Economy 4. Autonomous Pull Economy • Asset Utilization • Operational cost reduction • Worker productivity • New business models • Software-based services • Data Monetization • Pay-per-outcome • New connected ecosystem • Platform-enabled market place • Continuous demand sensing • End-to-end automation • Resource optimization and waste reduction Workforce Transformation Ecosystems & Platforms ROI & Business Models Near-term Long-term
  14. 14. 360-view of the ecosystem is key in reaping the most benefits from Industrial Internet 14Copyright © 2015 Accenture All rights reserved. Source: acatech, “Smart Service Welt”
  15. 15. IIoT Platform is needed to support the ecosystems • Intelligent Product and Services • Intelligent Productions Copyright © 2015 Accenture All rights reserved. 15

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