the internet of things: filling the predictive analytics data void
DESCRIPTION
how the Internet of Things will allow a new era of precision manufacturingTRANSCRIPT
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The Internet of Things: filling the Predictive Analytics data void
Predictive Analytics World Manufacturing Chicago 2014
W. David StephensonStephenson Strategies
June 18, 2014
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You’ve done great!
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.. considering how little we know!
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Can’t interpret data you can’t get!
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We don’t know:When equipment will fail
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We don’t know:Whether there’s defect on
assembly line
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We don’t know:Precise time we’ll need parts
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We don’t know:Precise time we need to resupply
retailers
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PrecisionManufacturing!
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-Siemens
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Internet of Things (IoT)
Real-time data, shared in real time by everything and
everyone needing it.
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Internet of Things:sensors
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Internet of Things:Ipv6 addresses
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Internet of Things:The cloud
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Text
--iogear
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The Internet of Things:
Big Data solutions
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Truly Integrated
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“Productivity gains will be insane when people
automatically receive the information they need when
they need it, versus having to sit in front of a monitor searching for it.” -- GE
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Assembly lineSmart machines
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Assembly line Sensors in products catch defects
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Assembly lineAutomatic replenishment -- unprecedented supply chain
integration
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Assembly lineBetter decision making
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New assembly technology
- Objet
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GE: practicing what they preach
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- GE
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Siemens:
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Return to localized production
-- with a difference•Unprecedented integration
•Local suppliers
•Mass customization
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Total Integration:Smart Vending Machine
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Dramatic Impact
•Cisco: 2013-22, $14.4 trillion net profit up for grabs globally
•Ericsson: 50 Billion Connected Devices by 2020
•McKinsey: potential economic impact $2.7-6.2 trillion yearly by 2025
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Management Challenges
Will you share the data and break down silos?
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Management ChallengesWill you break down silos?
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Management Challenges
Will you protect privacy and security?
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Precision Manufacturing -
time to act is now
•Add sensors.
•Adopt big data tools & cloud
•Adopt Predictive Analytics
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