This primer is meant to help IT leaders start a conversation with their manufacturing counterparts and better understand how to start building a successful partnership that will lead to cost and risk reductions as well as corporate gains.
13. Connected Things will hit $30 billion by the end of 2020.
Companies want to derive value from data.
IoT exponentially increases the amount and types of data.
Inspired by Source: Cisco Smart Manufacturing Presentation, 2018
IoT Spending will hit $1.3 trillion by 2025.
$2.9 billion (22%) will involve Smart Manufacturing.
OT is considered the backbone of modern-day smart factories. It controls the infrastructure that powers the plants and keeps factory lines running.
Systems are in order of scope of responsibility. SCADA systems can have PLCs in their domain and can encompass a whole plant. They range from smaller and more simple in scope to very complex systems that run the entire plant operation.
Sensors perform measurement functions for consistent quality outputs and also detection functions which can measure throughput, etc
It’s the ERP counterpart for OT.
When done correctly, it should prevent embarrassing mistakes
Product – making sure the product quality is high
Process – making sure the process of building the product is optimized
Plant – visibility at the plant level for Process and Product quality as well as predictive maintenance visibility for machinery on the production line
Smart Manufacturing will be 22% of IoT spending by 2025 – it’s a growing area of opportunity
Connected Things (lower right) will hit 30bn by the end of 2020
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According to statistica, we did hit 30bn connected things this year.
https://www.statista.com/statistics/512650/worldwide-connected-devices-amount/
This was inevitable when Industry 4.0 started with IIoT
Previously co-existed in silos
Royal Gorge in CO
IT and OT have historically operated completely separately