smart, connected products enable capabilities manufacturers must adopt

8
1 The Internet of Things Smart, Connected Products Enable Six New Capabilities Manufacturers Must Adopt Strategically

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Smart, connected products enable six new capabilities manufacturers must adopt strategically. For manufacturers, the implications of this emerging “Internet of Things” are huge. So how did we get here? Though the convergence of market forces and the innovation of enabling technologies.

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Page 1: Smart, Connected Products Enable Capabilities Manufacturers Must Adopt

1

The Internet of Things

Smart, Connected Products Enable Six New Capabilities Manufacturers Must Adopt Strategically

Page 2: Smart, Connected Products Enable Capabilities Manufacturers Must Adopt

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• For manufacturers, the implications of this emerging “Internet of Things” are huge

• So how did we get here?

• A convergence of market forces and innovation of enabling technologies

The Internet of Things

Page 3: Smart, Connected Products Enable Capabilities Manufacturers Must Adopt

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Major Forces of Transformation in Manufacturing Sector

DIGITIZATIONREGULATION

CONNECTIVITY

SOFTWARE-INTENSIVE PRODUCTS

GLOBALIZATION

PERSONALIZATION

3

SERVITIZATION

External forces are reshaping the manufacturing

Products are evolving to be smart and

connected

When combined, these forces will

transform the industry

Page 4: Smart, Connected Products Enable Capabilities Manufacturers Must Adopt

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• Computing Infrastructure

– E.g. Increasing Processor Performance/Efficiency

• Communication Infrastructure

– E.g. Evolution of Connectivity

• Things– E.g. Miniaturization and

Efficiency of Components

3 Categories of Innovations in Enabling Technology

Page 5: Smart, Connected Products Enable Capabilities Manufacturers Must Adopt

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The IoT is comprised of the three core components

Page 6: Smart, Connected Products Enable Capabilities Manufacturers Must Adopt

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1. Personalize and Customize

2. Monitor Condition and Operation

3. Monitor Environment

4. Remote Control

5. Service/Upgrade

6. Autonomous

Six Unique Capabilities of Smart, Connected Products

Page 7: Smart, Connected Products Enable Capabilities Manufacturers Must Adopt

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• Value is Shifting from Hardware to Software

• Value is Shifting from Product to Cloud

• Value is Shifting from Product to Service

The Sources of Value and Differentiation are Shifting