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

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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


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

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Exponential increase in data

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The 4th industrial revolution

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Internet Of Things

  • What is it
  • Why should we care
  • Potential impact
  • Execution challenges
  • Closing thoughts
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IOT is not new

EXECUTABLE IOT SOLUTIONS

DATA ANALYTICS SENSORS CLOUD

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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
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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

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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
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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

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Improvement in asset care

  • Condition based

monitoring

  • Better parts tracking
  • Reduction in

inventory holding cost

  • Dynamic PM scripts
  • Reduction in

unplanned DT

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Reduction in troubleshooting time

  • Data directly from

machines to mechanics

  • Pinpointed location of

issues

  • Reduction in

replacement of parts

  • Increased throughput
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Redefining CI

  • Multi layered approach to

CI replaced by insights from data

  • Improvement in project

turnaround time

  • Improvement in

acceptability of CI

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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

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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
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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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THANK YOU