What’s the business value of the Industrial Internet of Things? Part One and Part Two

by Mark P. McDonald, Managing Director, Accenture Strategy

An this excellent articles Mark McDonald gives answers to four most important questions regarding Industrial Internet of Things.

  1. How can you create new revenue streams?
  2. What are the new rules and strategies to monetize the Industrial Internet of Things?
  3. What new roles are created by Industrial Internet of Things capabilities?
  4. What new combinations of resources are most important?

“But executives need to think about the Industrial Internet of Things (IIoT) in business terms, not only in technical ones. Business leaders care (or should care) about the Industrial Internet of Things because it creates new customers and new sources of value.”

Industrial Internet and the Emergence of the Outcome Economy

by Dadong Wan, Accenture Technology Labs Fellow, AccentureIndustrial Internet of Things

Never heard of outcome economy? In this article, Dadong Wan talks how Industrial Internet of Things makes outcome economy possible.

“So, what is the outcome economy? We can start with a salient observation once made by Harvard Business School professor Theodore Levitt, “People don’t want to buy a quarter-inch drill. They want a quarter-inch hole!” In other words, in many cases products people buy are not the end in itself but rather a means to an end.“

“… companies that wish to tap into the disruptive potential of the Industrial Internet need to evaluate how the shift to an outcome-based business model will transform their industry and their overall business strategy.”

Accelerating Service and Business Value Through IoT

by Michelle Hopkins, Marketing Program Director for PTC

It is always interesting to hear how IoT actually brings value to the business. Here you will find a record of the webinar led by Sumair Dutta, Chief Customer Officer with The Service Council sharing a details about and challenges, adoption and value proposition of a IoT based solutions.

“IoT enables the transformation not only around service but outside of that, it is part of an overall evolution and if you are thinking about the opening or beginning stages, it requires a cross functional look at it as a technology and a change in business. It not only impacts service but how you deal with the customer and that touches upon all of the organization,” said Sumair Dutta, Chief Customer Officer, The Service Council.

Industrial IoT In 2015: Sensors, Software And Breaking Down Barriers

by Jeff Reinke, Editorial Director, Manufacturing Business Technology

This is an interview with Jerry Sorrells, a product manager at Parker Hannifin’s Automation Group, where Jerry shares his perspectives about the trends in Industrial Internet of Things in 2015. Jerry gives an interesting example of preventive maintenance based on vibration sensor and analytics for gearboxes. Reminded me on what we at HutGrip did for a printing press gearbox in order to avoid breakdowns at TPC Printing and Packaging , but with temperature sensors.

“Software is a large part of the value of IoT. Even with data, it doesn’t tell anyone anything if it isn’t analyzed and given context, so software will start to pick up as a key need to enable IoT technologies.”

IoT Is About Analysis, Not Things

by Chris Taylor, Co-Founder, Successful Workplace,

In my own experience,when we talk with a potential client are always asked the same question – what valuable information we can get out from all that data? The article shares interesting and, for me, logical opinions by several people. I wrote about IoT and data analytics after another discussion with a client – complete IoT solutions comes along with data analytics.

“The challenge for business is to shift the focus away from things. Yes, you need to invest in new hardware and software in an IoT deployment, but without excellent analysis, a host of sensors won’t give a competitive edge.”

Microsoft announces Azure IoT Suite

by Takeshi Numoto, Corporate Vice President, Cloud and Enterprise Marketing, Microsoft

After Amazon acquisition of 2lemetry, Microsoft announced Azure IoT suite. Can we see an end of the fragmented IoT platforms market?

“Microsoft’s vision is to help companies thrive in this era of IoT, delivering open, scalable platforms and services that any company, whether startup or the most established global enterprises, can use to create new value, right now. Nadella mentioned our investments in the Windows 10 IoT operating system for devices, and equally with the Azure IoT Suite, we’re bringing together a variety of Azure services to help our customers accelerate their transformation to digital businesses.”

Microsoft announces Azure IoT Suite

 

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HutGrip is an industrial IoT solution developed and owned by IndigoVerge. If you are interested in IIoT consulting and implementation for a similar or another IIoT project, please get in touch with IndigoVerge team.