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Innovate—Trends and innovations that matter
For this special anniversary edition of “Innovate”, we
round up the overarching trends that indicate which
innovations lea...
Top trends driving innovation in the
industrial sector today, and tomorrow
How the research
was conducted:
1. Basis of the...
Each month in our Innovate
section, we share market
innovations we believe stand to
impact the future of Industrial.
For t...
Today, connected machinery and equipment generate a
glut of data that must be leveraged to enable online
monitoring, steer...
Beyond those three key trends, we´ll experience more
progress in Industrial going forward, as digital technologies
will dr...
The implications of each of these trends stands
to be enormous for industrial companies.
Take Industrial Cloud solutions, ...
Top trends driving
innovation in the
industrial sector today
Autonomous Machinery
and Equipment
This trend focuses on mach...
Selected industry examples
from past editions
Sandvik + Exyn robots
make mining safer
Sandvik Mining and Rock Technology h...
Selected industry examples
from past editions
Fetch and Honeywell
automate warehouses
Fetch Robotics has launched a new au...
Top trends driving
innovation in the
industrial sector today
Machinery and
Equipment Monitoring
This trend focuses on mach...
Selected industry examples
from past editions
Hitachi to acquire
wireless sensing
expert Perpetuum
Hitachi is set to acqui...
Selected industry examples
from past editions
Continental
launches digital
tire monitoring
Automotive-maker Continental ha...
Top trends driving
innovation in the
industrial sector today
Intelligent
industry robots
This trend focuses on intelligent...
Selected industry examples
from past editions
Daewoo’s AI robot
welds ship hulls
Daewoo Shipbuilding and Marine Engineerin...
Selected industry examples
from past editions
Hyundai’s AI robot can
flatten concrete floors
Hyundai Engineering is seekin...
Top trends driving
innovation in the industrial
sector tomorrow
Product-as-a-Service (PaaS)
This trend focuses on the shif...
Selected industry example
from past editions
Daikin launches
subscription service
The Japanese air conditioning firm has d...
Top trends driving
innovation in the industrial
sector tomorrow
Software-as-a-Service (SaaS)
This trend focuses on softwar...
Selected industry example
from past editions
Honeywell acquires
Sparta for $1.3 billion
Honeywell has announced that it is...
Top trends driving
innovation in the industrial
sector tomorrow
Smart and
Data-Driven Services
This trend focuses on servi...
Selected industry examples
from past editions
Honeywell + Microsoft
fully digitize buildings
Honeywell and Microsoft are c...
Selected industry examples
from past editions
John Deere buys
smart farming
software startup
The machinery manufacturer ha...
Top trends driving
innovation in the industrial
sector tomorrow
Digital Twins
This trend focuses on the digitalization of ...
Selected industry examples
from past editions
Allvision IO creates
highway 'digital twins’
with TomTom data
Geospatial ana...
Selected industry examples
from past editions
Johnson Controls
designs digital twins
for buildings on Azure
Johnson Contro...
Top trends driving
innovation in the industrial
sector tomorrow
IIoT Platforms
This trend focuses on IIoT platforms that h...
Selected industry examples
from past editions
Carrier launches
IoT platform
Carrier Global Corporation has launched a new ...
Selected industry examples
from past editions
Johnson Controls
brings buildings
online
The 135-year-old building controls ...
Top trends driving
innovation in the industrial
sector tomorrow
Industrial
Cloud Solutions
This trend focuses on industry-...
Selected industry examples
from past editions
Rockwell +
Microsoft’s
five-year cloud plan
Rockwell Automation and Microsof...
Selected industry examples
from past editions
Continental + AWS
launch automotive
software in the cloud
Continental and Am...
Top trends driving
innovation in the industrial
sector tomorrow
5G
This trend focuses on the next generation of wireless
n...
Selected industry example
from past editions
Ferrovial
launches 5G
smart road initiative
Spanish transport infrastructure ...
Top trends driving
innovation in the industrial
sector tomorrow
Sustainable businesses
This trend focuses on the recalibra...
Selected industry examples
from past editions
ABB joins
Sustainable
Underground Mining
ABB is bringing its electrification...
Selected industry examples
from past editions
Vestas invests
in bio-composite
start-up
Vestas Ventures, the venture capita...
About The Industrialist
The Industrialist is our monthly digital magazine that puts game-changing
perspectives in the spot...
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The Industrialist: Trends and Innovations That Matter - July 2021

  1. 1. Innovate—Trends and innovations that matter
  2. 2. For this special anniversary edition of “Innovate”, we round up the overarching trends that indicate which innovations leaders in the industrial industry should be focusing on today to accelerate their performance and deliver a competitive advantage tomorrow.
  3. 3. Top trends driving innovation in the industrial sector today, and tomorrow How the research was conducted: 1. Basis of the analysis is the “Innovate”-section from the past eleven Industrialist digital publications (July 2020–June 2021). “Innovate” focuses on product and service innovations that have recently been launched or company moves that could lead to the launch of innovative products and services in the industrial sector. 2. Font sizes represent how often a topic was mentioned in the past “Innovate”-editions. Topics with smallest font size have been mentioned once, topics with largest font size have been mentioned eleven times. 3. Highlighted topics represent trends that will continue to reshape the industrial industry tomorrow. Smart and Data-Driven Services Industrial Cloud Solutions Sustainable businesses Digital Twins Software-as-a-Service (SaaS) IIoT Platforms Product-as-a-Service (PaaS) 5G
  4. 4. Each month in our Innovate section, we share market innovations we believe stand to impact the future of Industrial. For this special anniversary edition, we looked back at those news items to identify the overarching trends that indicate which innovations leaders should be focusing on today to deliver a competitive advantage tomorrow and accelerate their performance. We have based our top trends on the facts – these are the innovations driving the biggest impact, whether through product or service launches or major acquisitions and investments. Through our research, we identified the three strongest trends that drove innovation for the industrial sector in 2020. Autonomous Machinery and Equipment Machinery and Equipment Monitoring Intelligent industry robots 3 2 1
  5. 5. Today, connected machinery and equipment generate a glut of data that must be leveraged to enable online monitoring, steering, and intelligent and autonomous operations. To achieve this, the data needs to be continuously analyzed, and translated into meaningful actions to e.g. help companies enact predictive maintenance and reduce downtime significantly. The speed of data capture and analysis is also vital. In order to maximize on the potential of data-driven machinery, analysis must be run in real-time, wherever the machinery is operating from. Ultimately, this will require cloud-based solutions, since on-premise solutions cannot guarantee the same level of scale and speed.
  6. 6. Beyond those three key trends, we´ll experience more progress in Industrial going forward, as digital technologies will drive the product-to-service transformation and new data-driven business models which will continue to reshape the industry, according to Accenture´s Global Industrial Research Lead Matthias Wahrendorff. Those 8 key trends include: Product-as-a-Service (PaaS) Software-as-a-Service (SaaS) Smart and Data-Driven Services Digital Twins 1 2 3 4 IIoT Platforms Industrial Cloud Solutions 5G Sustainable businesses 5 6 7 8
  7. 7. The implications of each of these trends stands to be enormous for industrial companies. Take Industrial Cloud solutions, for example. Driven by the strong demand for PaaS and SaaS solutions, companies are already collaborating with the biggest cloud solution providers: Amazon, Microsoft, and Google. Yet for a cloud solution to be impactful, it must be tailored to each company and applied to the specific industry needs. Industrial companies require solution providers that not only have comprehensive IT/OT skills and offer big data analytics capabilities, but a deep understanding of industry specific processes. Only then can a cloud transformation at scale deliver the expected value-add and ensure the targeted return on investment. Despite their size and scale, the big three cloud companies are still nascent in driving industrial- tailored solutions at scale–but they are learning and investing quickly to do so. It’s clear that Industrial innovation depends on innovative technology and software solutions, deployed the right way at speed and scale, with the right partner. And over the next year in the Industrialist, we will share more inspiration on how industrial companies can take advantage of the 11 innovation trends in 2021 and beyond, transforming their business models and driving future growth.
  8. 8. Top trends driving innovation in the industrial sector today Autonomous Machinery and Equipment This trend focuses on machinery and equipment, that is on the way or already able to operate without human intervention.
  9. 9. Selected industry examples from past editions Sandvik + Exyn robots make mining safer Sandvik Mining and Rock Technology has joined with drone makers Exyn Technologies to develop a new autonomous mining system. Sandvik’s OptiMine technology is used to make mining operations more efficient by collating data on everything from assets to people. With Exyn’s help, OptiMine will now be able to integrate visual data captured by drones. It can then map underground mines and their surroundings, making daily operations safer and more efficient. ”For the first time, customers will be able to map the entirety of their underground operations, even in dangerous GPS denied environments,” said Exyn’s CEO and co-founder Nader Elm.
  10. 10. Selected industry examples from past editions Fetch and Honeywell automate warehouses Fetch Robotics has launched a new autonomous mobile robot for warehouse pallet transportation, powered by Honeywell Intelligrated’s Momentum WES software. The PalletTransport1500 has an integrated lift and a pick-up and delivery station and, combined with WES, can carry out cross-docking and returns of pallet loads up to 1,136kg. The result is a safer, more efficient environment that will help fulfilment and distribution centers keep up with increasing demand for same and next-day delivery. Honeywell Robotics CTO Thomas Evans describes it as a “turnkey solution” that will give companies a competitive edge.
  11. 11. Top trends driving innovation in the industrial sector today Machinery and Equipment Monitoring This trend focuses on machinery and equipment with sensors allowing data collection for remote control and remote monitoring.
  12. 12. Selected industry examples from past editions Hitachi to acquire wireless sensing expert Perpetuum Hitachi is set to acquire wireless sensing pioneer Perpetuum through its UK arm, Hitachi Rail. Hitachi plans to use the novel technology to help in the remote detection of railway vehicle faults using a network of self-powered sensors that transmit data wirelessly. The sensors gather data on vehicle vibrations and monitor wheels, motors and more, before AI is used to deliver precise, real time analysis of their functionality. The aim is to create a predictive maintenance system that prevents parts damage or even vehicle accidents from happening at all.
  13. 13. Selected industry examples from past editions Continental launches digital tire monitoring Automotive-maker Continental has launched ContiConnect Live, a digital tire monitoring solution. The system works in tandem with ContiPressureCheck and ContiConnect Yard to collect data on tire pressure and temperature and upload it to the cloud in real time. ContiConnect Live also uses GPS data to clock how many hours the tires have been operational. The system helps reduce vehicle downtime and increases safety by preempting any future maintenance issues. Fleet operators can oversee vehicle conditions remotely and are automatically notified if tire conditions are not ideal. OPTION 1 | Image $180
  14. 14. Top trends driving innovation in the industrial sector today Intelligent industry robots This trend focuses on intelligent/ AI-driven robots for industrial purposes.
  15. 15. Selected industry examples from past editions Daewoo’s AI robot welds ship hulls Daewoo Shipbuilding and Marine Engineering has developed the world’s first AI metalwork robot for ship construction. The company is using the groundbreaking robot, named Goknuri, to shape steel plates into curved ones for front and rear ship hulls, at temperatures of above 800C. Goknuri is working on hulls at Daewoo’s shipyard on Geoje Island, south of Seoul. The robot was completed around three years after Daewoo first launched the project.
  16. 16. Selected industry examples from past editions Hyundai’s AI robot can flatten concrete floors Hyundai Engineering is seeking a patent for an AI concrete plastering robot. The robot will use machine learning and a 3D scanner to detect exactly which floor areas need flattening. It can then carry out the flattening work independently using two rotating electric motors fixed with plastering blades. The invention will be lighter, quieter and more agile than existing plastering machines. A prototype has already been developed, and Hyundai Engineering has said the machine could be operational by the end of 2021.
  17. 17. Top trends driving innovation in the industrial sector tomorrow Product-as-a-Service (PaaS) This trend focuses on the shift from selling products to selling services and outcomes instead.
  18. 18. Selected industry example from past editions Daikin launches subscription service The Japanese air conditioning firm has developed the subscription service with clean energy company WASSHA. Baridi Baridi Inc. customers will be able to rent air conditioners on a daily, weekly or monthly basis and pay for subscriptions via a smartphone. The joint venture will benefit from WASSHA’s expertise in renting LED lanterns to off-grid areas in Tanzania, and Baridi Baridi will initially launch in the East African country. Daikin will have an 80% controlling share of the subscription service, and Baridi Baridi will launch with an initial investment of JPY100 million.
  19. 19. Top trends driving innovation in the industrial sector tomorrow Software-as-a-Service (SaaS) This trend focuses on software-based industry solutions offered purely as a service e.g., big data analytics solutions.
  20. 20. Selected industry example from past editions Honeywell acquires Sparta for $1.3 billion Honeywell has announced that it is buying Sparta Systems, a company that provides enterprise quality management software (QMS) to the life sciences industry. Sparta software such as TrackWise Digital and QualityWise.aiSM will be integrated with Honeywell Forge to help life sciences customers achieve better quality results, including new therapies and faster time to market. Honeywell will further enhance the offering with AI and IoT connectivity. “Our combined offerings will make it easier for customers to gain critical insights from manufacturing and quality data that can improve their manufacturing processes while ensuring product quality, patient safety, and supply chain continuity,” said Que Dallara, President and Chief Executive Officer of Honeywell Connected Enterprise. The integration will begin in life sciences, before Honeywell expands its capabilities to adjacent industries.
  21. 21. Top trends driving innovation in the industrial sector tomorrow Smart and Data-Driven Services This trend focuses on services that are enabled through big data analytics.
  22. 22. Selected industry examples from past editions Honeywell + Microsoft fully digitize buildings Honeywell and Microsoft are combining forces to bring predictive maintenance to the buildings industry. Honeywell Forge will integrate with Microsoft Dynamics 365 Field Service to generate real time data analytics that help operators gain efficiencies and solve problems faster. Honeywell’s AI and IoT-based software helps reduce energy consumption by 10–20% by providing better oversight and control of heating and ventilation systems, while Dynamics 365 reduces facility downtime by remotely detecting and addressing maintenance issues. The solutions will be scaled via the cloud to help buildings digitize their maintenance, security and energy systems.
  23. 23. Selected industry examples from past editions John Deere buys smart farming software startup The machinery manufacturer has acquired Harvest Profit to provide customers with superior forecasting and profitability measuring tools. Harvest Profit helps farmers analyze data on a field-by-field basis to better understand the financial consequences of every operational decision. “This software provides financial visibility for customers of their operations, enabling confident and proactive management decisions that make them more profitable and sustainable,” said Lane Arthur, vice president, data, application, and analytics at John Deere. The software will be available to customers through the John Deere Operations Center.
  24. 24. Top trends driving innovation in the industrial sector tomorrow Digital Twins This trend focuses on the digitalization of assets and processes using their digital twins for solutions such as digital engineering and process optimization purposes.
  25. 25. Selected industry examples from past editions Allvision IO creates highway 'digital twins’ with TomTom data Geospatial analytics company Allvision IO is partnering with location technology specialists TomTom to develop ‘digital twin’ highways. Allvision IO supplies insights and asset management services to transportation and infrastructure clients. By partnering with TomTom, the company can increase its data sources to ‘more than a million miles of highway data and, leveraging machine learning and cloud technology, unlock insights for its interstate highway customers. TomTom data will be integrated with Allvision’s platform to create a ‘digital twin’ of road infrastructure, including bridges, guardrails and signage. “You would be amazed at how frequently assets along a highway or road change,” said Aaron Morris, co-founder and CEO of Allvision IO. “The signage telling you how fast you should be going, the exits and what town you are coming up to. There are millions of miles of this stuff out there that has to be maintained by a comparatively small number of people, and the way we can do that is through this data and through our tech.”
  26. 26. Selected industry examples from past editions Johnson Controls designs digital twins for buildings on Azure Johnson Controls is building digital twins for building management using Microsoft Azure. OpenBlue Digital Twin is a platform that recreates traditional objects and machines within a building in digital form, to be manipulated by building designers and managers or construction companies. By combining machine learning, AI and edge computing technologies, OpenBlue can be used to analyze building data and digital twin simulations to predict patterns and trends.
  27. 27. Top trends driving innovation in the industrial sector tomorrow IIoT Platforms This trend focuses on IIoT platforms that help gather and analyze data from connected machinery and equipment (e.g., Siemens MindSphere, Hitachi’s Lumada, or Schneider Electric’s Ecostruxure), allowing industrial companies to offer new data-driven services and enabling new business models.
  28. 28. Selected industry examples from past editions Carrier launches IoT platform Carrier Global Corporation has launched a new platform aimed at maximizing connected equipment uptime at a low cost. The BluEdge service platform offers a tiered suite of services across the three Carrier segments and can be tailored to a customer’s unique needs across: Heating, Ventilating and Air Conditioning (HVAC), refrigeration and fire & security. At the highest tier, Elite, BlueEdge can prevent issues from ever occurring by automatically extracting insights from data and deploying the right solution. Enhance tier customers can create a custom package of on-demand services, while Core customers will receive expert advice and services when needed. Carrier’s launch customers include Marioff Marine and EcoEnergy Insights, with a wider rollout expected in late 2020.
  29. 29. Selected industry examples from past editions Johnson Controls brings buildings online The 135-year-old building controls company has launched OpenBlue, an artificial intelligence platform it says gives buildings memory, intelligence, and their own unique identity. “The launch of OpenBlue reflects how we think buildings are evolving from inflexible assets to dynamic resources,” said George Oliver, chairman and CEO of Johnson Controls. The system combines traditional hardware and IT systems with cloud solutions and AI to connect all parts of a building. From airflow and elevator movement, to lighting and building access, everything can be managed in one system. This kind of granular control is vital in the time of COVID-19, and will enable more efficient contact tracing and social distancing, as well as an estimated 20-60 percent in energy savings.
  30. 30. Top trends driving innovation in the industrial sector tomorrow Industrial Cloud Solutions This trend focuses on industry-specific cloud solutions.
  31. 31. Selected industry examples from past editions Rockwell + Microsoft’s five-year cloud plan Rockwell Automation and Microsoft have announced a five- year partnership expansion aimed at developing cloud solutions that simplify industrial customers’ digital transformations. The pair have already developed 20 use cases across industries, including in life sciences and personal care. The next five years will build on that work, with cloud solutions that bring together industrial data from development, operations and maintenance teams into one environment. Customers can then use that data to build and test digital prototypes at a far lower cost than real world trials. By bringing data together into one ecosystem, companies can also more easily and securely share that data with partners.
  32. 32. Selected industry examples from past editions Continental + AWS launch automotive software in the cloud Continental and Amazon Web Services (AWS) are developing a modular hardware and software platform that connects vehicles to the cloud to accelerate the development of autonomous driving systems. Continental Automotive Edge (CAEdge) provides different options for developing, delivering, and maintaining system functions from its virtual workbench. Drivers can also continuously update the system by downloading the latest software updates. The technology can analyze vast amounts of car data, importing camera and radar data from vehicle fleets to enhance automated driving simulations. Powered by AWS, this work takes just hours, rather than weeks. CAEdge customers will be able to access AWS data centers and the security afforded by the AWS network.
  33. 33. Top trends driving innovation in the industrial sector tomorrow 5G This trend focuses on the next generation of wireless network technology that will enable new real-time data analytics, smart manufacturing, configurable factories, and a time-sensitive network.
  34. 34. Selected industry example from past editions Ferrovial launches 5G smart road initiative Spanish transport infrastructure company Ferrovial has launched the Aivia initiative in partnership with Microsoft, 3M and Kapsch. The initiative will design and develop digital and physical smart road solutions that use 5G technology, along with monitoring, sensor, and simulation technologies. The initial focus will be on new vertical and road signaling systems. In the long term, the initiative stands to help improve the traveler experience, safety, travel times, and in-car infotainment. Additional manufacturers and technology companies will join the initiative in the future.
  35. 35. Top trends driving innovation in the industrial sector tomorrow Sustainable businesses This trend focuses on the recalibration of industrial companies’ strategy and business models to become sustainable and responsible businesses, including adapting their products and services along the themes of a circular economy and improving their carbon footprint in all operations.
  36. 36. Selected industry examples from past editions ABB joins Sustainable Underground Mining ABB is bringing its electrification and automation knowledge to the ambitious Sustainable Underground Mining (SUM) project. LKAB is leading the initiative, a collaboration with ABB, Combitech, Epiroc and Sandvik to design new working methods that will create a safe, zero- carbon dioxide emission mine of the future, where productivity is increased by 50 percent. Autonomous production and transport tests are already underway in LKAB’s mine in northern Sweden and a virtual mine. “ABB is integral to the next step, which is to build a demonstration workshop to connect electrical and automation systems that have so far been developed for this challenging project,” said Jan Nyqvist, Global Product Manager for Underground Mining Automation at ABB. The solutions are due to be installed by 2022, and the new cleaner, safer and more efficient standard for mining deployed globally by 2030.
  37. 37. Selected industry examples from past editions Vestas invests in bio-composite start-up Vestas Ventures, the venture capital arm of wind turbine provider Vestas, has invested in Swedish wood technology company Modvion. Modvion designs and manufactures wind turbine towers made from laminated veneer lumber (LVL), a sustainably sourced bio-composite. In contrast to a steel turbine, the bio-composite towers reduce carbon emissions by 80 percent due to the reduced weight and the nature of the material’s production and supply. The investment will help Vestas on its journey to reducing supply chain emissions by 45% per MWh by 2030.
  38. 38. About The Industrialist The Industrialist is our monthly digital magazine that puts game-changing perspectives in the spotlight. It combines thought-provoking content and insights, to keep you on top of what’s new in the industrial industry. Featuring different CXOs and diverse leader views, you can be inspired by leading innovators, explore the latest trends, tools, technologies, and innovations, and ignite your industry interest with transformational thought leadership. Subscribe today and discover how to lead the way. Visit us at www.accenture.com/theindustrialist Disclaimer This document makes reference to names, marks, and domains/websites owned by third parties. All such names, marks, and domains/websites are the property of their respective owners. No sponsorship, endorsement or approval of this content by the owners of such materials is intended, expressed or implied. Copyright © 2021 Accenture all rights reserved.
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