Global system of interconnected computer networks that use the - PowerPoint PPT Presentation

Global system of interconnected computer networks that use the Internet Protocol suite to link devices worldwide

Exponential increase in data

The 4th industrial revolution

Internet Of Things • What is it • Why should we care • Potential impact • Execution challenges • Closing thoughts

IOT is not new CLOUD SENSORS DATA ANALYTICS EXECUTABLE IOT SOLUTIONS

Sensor-Cloud-Data • Average cost in 2004 was $1.40, expected to come down to $.38 in 2020 • Multiple ways to connect sensor to the cloud • Advancements in analytics

Why should we care • Not a new technology but a progressive improvement towards critical mass • Already happening • No strategy is still a strategy • Cross-functional adaptation needed

Potential impact • Improvements in the back end supply chain • Improvements in Asset Management • Reduction in DT with quicker trouble shooting • Scrap reduction, improvement in safety • Faster CI project turnaround • Energy monitoring • Improvement in tracking ability

Improved supply chain • Tactical planning, daily production schedules • More direct to store • Better FG tracking • Last mile delivery improvements • Direct connection between ERP and machine data

Improvement in asset care • Condition based monitoring • Better parts tracking • Reduction in inventory holding cost • Dynamic PM scripts • Reduction in unplanned DT

Reduction in troubleshooting time • Data directly from machines to mechanics • Pinpointed location of issues • Reduction in replacement of parts • Increased throughput

Redefining CI • Multi layered approach to CI replaced by insights from data • Improvement in project turnaround time • Improvement in acceptability of CI

Energy monitoring • Individual machine specific smart monitors • Data fed back into the optimizing equation • Drive improvement in OEM technology based on data collected • Understand true value of energy reduction projects using precise data

Load level tracking • Prevent manual tracking using multiple platforms • Reduce non value add communication between multiple stakeholders • Reduce decision lag • Improve on recovery time • Improve on customer satisfaction 17

Improvement in Product tracking • Spoilage data • Improve process and supply chain based on feedback • Quicker product recall

Execution challenges • Negative impact on profitability if not done the right way • Lack of strategy around IOT • Rapid shift in talent to run factories • IT in the forefront, IT/OT collaboration • Technology is an enabler, not an answer to issues • Need for Open Industrial automation architecture

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