THE STATE OF THE INDUSTRIAL INTERNET OF THINGS
• Title : The State of the Industrial Internet of Things • Overview : From industry to industry the industrial internet of things is creating tremendous value. This webinar, based on insights from The State of the Industrial IoT, will provide a data NAM WEBINAR: driven view into how manufacturers are using IoT to create STATE OF THE business value today. This research provides an in-depth analysis of the industries that are leading IoT deployments, INDUSTRIAL how business functions are using IoT, and the types of business value generated. This webinar also explores the INTERNET OF degrees of success companies are experiencing in implementation, and where they are in transitioning pilots to THINGS production deployments. • Speakers : – Joe Biron Chief Technology Officer, IoT, PTC • – Shawn Kelly Vice President, Strategy, PTC • 2
SPEAKER INTRODUCTIONS Joe Biron, PTC Chief Technology Officer of IoT Responsible for product strategy and technical architecture of the core ThingWorx IoT • Platform, analytics, connectivity, and application development tools for IIoT Veteran technologist with over 20 years’ experience, having worked as a software engineer, • architect, consultant and technology leader in both startups and Fortune 500 companies. Shawn Kelly, PTC Vice President of Corporate Strategy Responsible for leading projects focused on key strategic initiatives for PTC • Inclusive of primary and secondary research to better understand markets, trends, • technologies, end user needs, etc. Over 17 years of professional experience in Corporate Strategy and Finance for Technology, • Life Sciences, and Financial Services companies MBA from the Tuck School of Business at Dartmouth College and a BS in Finance from The • College of New Jersey 3
PHYSICAL WORLD $1B Invested to Build Leading AR and IOT Brands DIGITAL WORLD 30 Years Pioneering the Digital Twin 4
PHYSICAL WORLD IOT AR DIGITAL WORLD 5
THOUGHT LEADERSHIP ON INDUSTRIAL DIGITAL INNOVATION November 2014 October 2015 November 2017 “Smart, connected products “Smart connected products are “There is a fundamental raise a new set of strategic not only redefining competition disconnect between the choices about how value but how we run companies across wealth of digital data available is created and captured, and the value chain. New kinds of to us and the physical world in how companies secure cross functional integration and which we apply it. AR solves this competitive advantage as the coordination are necessary, and problem by putting information new capabilities reshape industry whole new organizational units are directly into the context in which boundaries.” being created.” we’ll apply it.” 6
• IIOT Market Overview STATE OF THE INDUSTRIAL • IIOT Survey Findings INTERNET OF THINGS • Company Case Studies • Wrap Up 7
IIOT MARKET OVERVIEW 8
ANALYSTS IDENTIFY IOT AS KEY TECHNOLOGY TREND Forrester’s Top Emerging Technologies To Watch: 2017-2021 9
IIOT WILL CREATE SIGNIFICANT ECONOMIC IMPACT The Internet of Things 50% of IoT spending will Over 90% of global offers a potential be driven by discrete manufacturers report that economic impact of $4 manufacturing, IoT is ‘strategic’ or trillion to $11 trillion a year transportation, and ‘transformational’ to their – equivalent to 11% of the logistics, and utilities business and have world economy deployed or plan to within the next 12 to 24 months 10
IOT IS A $92B MARKET GROWING AT 25% 250 Market Size* $ Billions IIOT Manufacturing Trends 227 200 Drivers of the IoT manufacturing • 25% 196 market: efficiency optimization and linking islands of automation 150 154 Discrete Manufacturing, • Transportation and Logistics, and Utilities will lead all 116 100 industries in IoT spending by 92 2020, averaging $40B each. Manufacturing dominates the • 50 growth of IoT network connections in the last year, growing 84%. 0 2017 2018 2019 2020 2021 * Market inclusive of: Applications, IoT Analytics, Data / Sources: PTC Market Research & Analytics, Digi-Capital, ABI Research, Markets and Markets Connectivity, Professional Services 11
IIOT SURVEY FINDINGS 12
STATE OF INDUSTRIAL INNOVATION SERIES PTC’s State of Industrial Innovation research series is aimed at providing a data -driven, objective view into the current state and future plans of technology adoption to drive industrial innovation. Download the Reports 13
AUDIENCE POLL: • How important will Internet of Things technologies be to manufacturing competitiveness? – Extremely important – Very important – Moderately important – Not important 14
SURVEY PROFILE – INDUSTRY VERTICAL, GEO, REVENUE N= 240 Industry Distribution Geography Other 13 % Life Sciences Industrial Products 7 % EMEA 25 % 33 % Retail & Consumer Asia Pacific 8 % Americas 20 % 45 % Aerospace & Defense Electronics & High Tech 11 % 23 % Automotive 13 % Company Size 30% 11% 18% 40% <$100M $100M - $500M $500M - $2.5B >$2.5B 15
IOT OPPORTUNITIES ACROSS THE ENTERPRISE Product Manufacturing / Marketing / End Service / Support Development Operations Sales Customer Usage Based Connected Remote Real Time Market Remote Requirements Insights Operational Monitoring Operation Intelligence Design for Remote Service Real-Time Asset Usage & Connectivity New / Flexible Monitoring Performance Business Models Predictive Benchmarking Digital Design Maintenance / Inventory & Review Service Material Tracking Connected Customer Self Consumable Engineering Digital Digital Service Service Resupply Systems Visibility Instructions Instructions 16
FUNCTIONAL ADOPTION OF IIOT % of Respondents adopting IIOT use cases for each functional area 48% N = 240 25% 9% 6% 3% Product Manufacturing / Service / Support Marketing / Sales End Customer Development Operations Question: Which use case category [function] are you building IIOT experience(s) around? Select all that apply. * 6% of responses not shown(it/ot) 17
TOP IIOT USE CASES Top IIOT Use Cases in the Enterprise % IIOT use cases developed for each use case type 17% 18% 70% of total use cases 15% 16% 14% 12% 10% 9% 10% 8% 6% 6% 4% 2% 2% 2% 1% 1% 2% 0% Usage Based Engineering Operational Asset Remote Remote Real-time Flexible Remote Performance Requirements Systems Intelligence Monitoring Service Monitoring Market Insights Business Operations Benchmarking Visibility Models Product Manufacturing / Service / Support Marketing / Sales End Customer Development Operations Question: For each category selected, which specific use cases are you trying to solve for? Select all that apply. 18
DEPLOYMENT PLANS N = 179 N = 85 Operational Environment Deployment / Hosting Environment Other 17% Retail 3% Factory & 38% Warehouse Energy & 45% Utilities 7% 62% Hospital 7% City 9% Vehicles & Transportation On Premise Cloud 12% Question: What primary environment is intended to be served by Question: In which environment is the customer planning to the application built on the ThingWorx platform? Select one. deploy/host ThingWorx? Select one. Other includes: Construction, Home, Agriculture, Education, Other 19
PLANS TO TRANSITION TO PRODUCTION Companies are aggressively moving to Production N = 71 53% 11% Others Service / Support 32% 30% Manufacturing / Operations 57% 10% 1% 1% No Plans to 0-6 Months 6-12 Months 1-2 Years 2 Years+ Transition Question: What is the likely timeframe for transitioning each IIOT use case to a production environment? * 5% No Response 20
AUDIENCE POLL: • How would you characterize your company’s adoption of IIoT technologies? – Currently adopting – Plan to adopt in the next year – Plan to adopt in the next two years – Not yet adopted – No plans to adopt 21
COMPANY CASE STUDIES 22
COMPANY CASE STUDIES Product Manufacturing / Marketing / End Service / Support Development Operations Sales Customer Connected Connected Remote Connected Usage & Product Quality Operational Monitoring Consumable Performance Analysis Intelligence Resupply Benchmarking Performance Dashboards 23
AUDIENCE POLL : • Which of the use case categories presented most resonate with you and your company’s objectives around IOT?(Select all that apply) – Product Development – Manufacturing / Operations – Marketing & Sales – Service / Support – Customer 24
USE CASE EXAMPLE: CONNECTED PRODUCT QUALITY ANALYSIS Product Manufacturing / Marketing / Service / Support Customer Development Operations Sales • Company: Manufacturer of fluid motion control solutions serving power, oil, chemical, gas industries • Use Case: Usage Based Requirements - use real-time operational data from industrial pumps to improve design of the impeller and other elements of the pump systems • Benefits: Automated root cause analysis, reduced warranty claims, higher quality design, reduced number of returns, reduced development and service costs, improved customer satisfaction 25
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