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

EXECUTABLE IOT SOLUTIONS

DATA ANALYTICS SENSORS CLOUD

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
• ptimizing 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

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Improvement in Product tracking

• Spoilage data
• Improve process and

supply chain based

• n 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

THANK YOU