INDUSTRIAL INTERNET OF THINGS Title : The State of the Industrial - - PowerPoint PPT Presentation

THE STATE OF THE INDUSTRIAL INTERNET OF THINGS

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• 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 driven view into how manufacturers are using IoT to create business value today. This research provides an in-depth analysis of the industries that are leading IoT deployments, how business functions are using IoT, and the types of business value generated. This webinar also explores the degrees of success companies are experiencing in implementation, and where they are in transitioning pilots to production deployments.

• Speakers:

– Joe Biron

• Chief Technology Officer, IoT, PTC

– Shawn Kelly

• Vice President, Strategy, PTC

NAM WEBINAR: STATE OF THE INDUSTRIAL INTERNET OF THINGS

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SPEAKER INTRODUCTIONS

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

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.

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PHYSICAL

WORLD $1B Invested to Build Leading AR and IOT Brands

DIGITAL

WORLD 30 Years Pioneering the Digital Twin

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PHYSICAL

WORLD

DIGITAL

WORLD

AR IOT

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THOUGHT LEADERSHIP ON INDUSTRIAL DIGITAL INNOVATION

“Smart, connected products raise a new set of strategic choices about how value is created and captured, and how companies secure competitive advantage as the new capabilities reshape industry boundaries.” “Smart connected products are not only redefining competition but how we run companies across the value chain. New kinds of cross functional integration and coordination are necessary, and whole new organizational units are being created.” “There is a fundamental disconnect between the wealth of digital data available to us and the physical world in which we apply it. AR solves this problem by putting information directly into the context in which we’ll apply it.”

November 2014 October 2015 November 2017

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• IIOT Market Overview
• IIOT Survey Findings
• Company Case Studies
• Wrap Up

STATE OF THE INDUSTRIAL INTERNET OF THINGS

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IIOT MARKET OVERVIEW

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ANALYSTS IDENTIFY IOT AS KEY TECHNOLOGY TREND

Forrester’s Top Emerging Technologies To Watch: 2017-2021

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The Internet of Things

• ffers a potential

economic impact of $4 trillion to $11 trillion a year – equivalent to 11% of the world economy

IIOT WILL CREATE SIGNIFICANT ECONOMIC IMPACT

50% of IoT spending will be driven by discrete manufacturing, transportation, and logistics, and utilities Over 90% of global manufacturers report that IoT is ‘strategic’ or ‘transformational’ to their business and have deployed or plan to within the next 12 to 24 months

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92 116 154 196 227 50 100 150 200 250 2017 2018 2019 2020 2021

IOT IS A $92B MARKET GROWING AT 25%

25%

Market Size*

$ Billions

Sources: PTC Market Research & Analytics, Digi-Capital, ABI Research, Markets and Markets

IIOT Manufacturing Trends

• Drivers of the IoT manufacturing

market: efficiency optimization and linking islands of automation

• Discrete Manufacturing,

Transportation and Logistics, and Utilities will lead all industries in IoT spending by 2020, averaging $40B each.

• Manufacturing dominates the

growth of IoT network connections in the last year, growing 84%.

* Market inclusive of: Applications, IoT Analytics, Data / Connectivity, Professional Services

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IIOT SURVEY FINDINGS

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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

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• How important will Internet of Things technologies be to manufacturing

competitiveness?

– Extremely important – Very important – Moderately important – Not important

AUDIENCE POLL:

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SURVEY PROFILE – INDUSTRY VERTICAL, GEO, REVENUE

Industry Distribution

Life Sciences

7%

Industrial Products

25%

Aerospace & Defense

11%

Electronics & High Tech

23%

Automotive

13%

Retail & Consumer

8%

Other

13% Geography

Americas

45%

EMEA

33%

Asia Pacific

20% Company Size

18%

$500M - $2.5B

30%

<$100M

N= 240

40%

>$2.5B

11%

$100M - $500M

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IOT OPPORTUNITIES ACROSS THE ENTERPRISE

Usage Based Requirements Design for Connectivity Connected Operational Intelligence Real-Time Asset Monitoring Remote Operation Usage & Performance Benchmarking Digital Design Review Digital Instructions Customer Self Service Inventory & Material Tracking

Product Development Manufacturing / Operations Service / Support Marketing / Sales

Remote Monitoring Predictive Maintenance / Service Digital Service Instructions Remote Service

End Customer

Real Time Market Insights New / Flexible Business Models Connected Consumable Resupply Engineering Systems Visibility

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Product Development Manufacturing / Operations Service / Support Marketing / Sales End Customer 9% 48% 25% 6% 3%

N = 240

FUNCTIONAL ADOPTION OF IIOT

Question: Which use case category [function] are you building IIOT experience(s) around? Select all that apply.

% of Respondents adopting IIOT use cases for each functional area

* 6% of responses not shown(it/ot)

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6% 1% 17% 15% 10% 9% 2% 2% 2% 1% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18%

Usage Based Requirements Engineering Systems Visibility Operational Intelligence Asset Monitoring Remote Service Remote Monitoring Real-time Market Insights Flexible Business Models Remote Operations Performance Benchmarking

Top IIOT Use Cases in the Enterprise

% IIOT use cases developed for each use case type

Question: For each category selected, which specific use cases are you trying to solve for? Select all that apply.

TOP IIOT USE CASES

70% of total use cases

Product Development Manufacturing / Operations Service / Support Marketing / Sales End Customer

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DEPLOYMENT PLANS

62% 38%

Deployment / Hosting Environment

On Premise Cloud

Factory & Warehouse 45% Vehicles & Transportation 12% City 9% Hospital 7% Energy & Utilities 7% Retail 3% Other 17%

Operational Environment

Question: In which environment is the customer planning to deploy/host ThingWorx? Select one.

N = 179

Question: What primary environment is intended to be served by the application built on the ThingWorx platform? Select one.

N = 85

Other includes: Construction, Home, Agriculture, Education, Other

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No Plans to Transition 2 Years+ 1-2 Years 6-12 Months 0-6 Months 53% 30% 10% 1% 1%

N = 71 Question: What is the likely timeframe for transitioning each IIOT use case to a production environment?

Companies are aggressively moving to Production

PLANS TO TRANSITION TO PRODUCTION

* 5% No Response

57% 32% 11%

Others Service / Support Manufacturing / Operations

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• 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

AUDIENCE POLL:

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COMPANY CASE STUDIES

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COMPANY CASE STUDIES

Connected Product Quality Analysis Connected Operational Intelligence Connected Consumable Resupply

Product Development Manufacturing / Operations Service / Support Marketing / Sales End Customer

Performance Dashboards Usage & Performance Benchmarking Remote Monitoring

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• 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

AUDIENCE POLL:

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USE CASE EXAMPLE: CONNECTED PRODUCT QUALITY ANALYSIS

• 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

Product Development Manufacturing / Operations Service / Support Marketing / Sales Customer

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USE CASE EXAMPLE: CONNECTED OPERATIONAL INTELLIGENCE

• Company: Grove City facility connected

its locomotive manufacturing plant to

• ptimize the efficiency of the operation
• Use Case: Connected Operational

Intelligence - gain real-time visibility into the plant’s condition in areas such as labor efficiency, machine health, and production attainment

• Benefits: Increased visibility led to simple

changes such as staggering work orders to avoid unnecessary downtime, leading to a 10-20% improvement in efficiency

Product Development Manufacturing / Operations Service / Support Marketing / Sales Customer

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AR USE CASE: OPERATIONS AND MANUFACTURING

• Company: Bosch Rexroth CytroPac

hydraulic power unit is a revolutionary Industry 4.0 enabled solution for machine tool design

• Use Case: Performance Dashboards &

Alerts – ability to monitor the smart, connected product and product systems with KPI’s in real time

• Benefits: Visualizing digital insights in the

context of the physical environment leads to increased operator efficiency and ability to proactively problem solve before issues arise

Product Development Manufacturing / Operations Service / Support Marketing / Sales Customer

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USE CASE EXAMPLE: REMOTE MONITORING

• Company: Manufacturer of construction

and mining equipment, diesel and natural gas engines, industrial gas turbines, etc.; provides support and service to network of dealers worldwide

• Use Case: Remote Monitoring & Service,

Digital Service Instructions - remote service and administration of equipment; combine service documentation with sensor data to deliver service instructions.

• Benefits: Drastically increased technician

efficiency and first-time-fix rates, reduced costs for service organization

Product Development Manufacturing / Operations Service / Support Marketing / Sales Customer

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USE CASE EXAMPLE: CONNECTED CONSUMABLE RESUPPLY

• Company: Sysmex connects their blood

analyzer to determine when reagents are low to trigger resupply notifications.

• Use Case: Connected Consumable

Resupply - Connect and analyze product usage and consumable data which enhance the customer’s experience and create new revenue streams.

• Benefits: Improve utilization rate;

Improve customer satisfaction, Reduce Complaints, Reduce Response time, Reduce resolution time; Create Up-sell

• pportunities

Product Development Manufacturing / Operations Service / Support Marketing / Sales Customer

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USE CASE EXAMPLE: USAGE & PERFORMANCE BENCHMARKING

• Company: Sysmex connects their blood

analyzer to determine when reagents are low to trigger resupply notifications.

• Use Case: Usage & Performance

Benchmarking - Enable customers to monitor and analyze the usage and condition of their products or benchmark with anonymized peers to uncover

• pportunities for improvement.
• Benefits: Improve retention rate;

utilization rate; Improve customer satisfaction, increase customer lifetime value

Product Development Manufacturing / Operations Service / Support Marketing / Sales Customer

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IIOT USE CASE SUMMARY

A majority of applications in use today apply to manufacturing and operations, where the data collected can be used to reduce unplanned events and increase

• verall operational effectiveness.

Product manufacturers across Industrial Products, Electronics & High Tech, and Automotive industries are leading IIoT adoption.

IoT Has arrived.

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THINGWORX MANUFACTURING APPS

Controls Engineer Plant Manager Maintenance ThingWorx Production Advisor ThingWorx Asset Advisor ThingWorx Controls Advisor

• See, understand and act in real time
• ThingWorx manufacturing apps accelerate time-to-value and
• ffer unmatched flexibility

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• Industrial IoT is already transforming how companies engineer, manufacture,
• perate, and service new and innovative products and services.
• ThingWorx industrial innovation platform can jumpstart your team's IoT success by

enabling:

– Connectivity for any device, any cloud to your IoT infrastructure. – Discovery of the true value of your IoT data. – Deployment and management of new, innovative end-user Industrial IoT solutions. – Delivery of new types of user experiences. – Ability to deploy on a scalable, secure architecture.

• For more information, contact an expert to learn more about the ThingWorx

Industrial Innovation Platform.

EXPLORE THE POSSIBILITIES

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