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Digital Transformation Today: Status of IIoT Market Readiness

Emerson engaged the research firm, IHS Markit to research the Status of IIoT Market Readiness. And we are ready to share the results, as well as some critical outcomes around:

  • The biggest challenges to doing IIoT in your organization
  • The biggest expected change over the next three years.
  • The six criteria (+1) that companies should have in place to support successful projects

 

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IHS Markit is a company that brings together intelligence across the set of capital-intensive industries and markets. They are able to isolate cause and effect, risk and opportunity in new ways that empower their customers to make well-informed decisions with greater confidence. IHS Markit is a dynamic team that includes more than 5,000 analysts, data scientists, financial experts and industry specialists. The global information expertise spans numerous industries, including leading positions in finance, energy and transportation. (50,000 customers in over 140 countries, 80%of the Fortune Global 500, 94 of the 100 largest US corporations)

Our speaker, Alex West is a Principal Analyst for the Manufacturing Technology Group at IHS Markit. With over fifteen years of experience, he has produced numerous syndicated and custom research projects, and consumer surveys, covering a range of electronics products in both the industrial and consumer space. This coverage has included analysis of competitive environments, business models, technology trends and end-user requirement in addition to traditional market sizing and forecasting. Responsible for IHS’s coverage on Smart Manufacturing and Industrial Communications, Alex oversees research on a range of transformational manufacturing technologies including the Industrial Internet of Things / Industry 4.0, 3D printing, robotics, as well as developments in industrial communication (Fieldbus, Industrial Ethernet, and Wireless). Alex is a regular speaker at industry events, tradeshows and conferences worldwide. Alex holds a BSc (Honours) in physics from the University of Bath, England is based in the company’s Wellingborough, UK office.

2 Replies

  • In reply to Shirley Marquardt-Tynan:

    My summary:

    Specify - start with workshop to uncover pain point, then pick a solutions and technology

    Success - capture baseline performance; failure rates, energy consumption, incidents, off-spec product etc.

    Start small - don't attempt all use cases and entire plant at once; start with one or two use cases per department: maintenance, reliability, energy efficiency, safety, and quality etc. Start in one plant unit, then scale out. Then iterate with other use cases. And better than proof of concept: I&C engineers can deploy ready-made solutions already proven at other sites. Often no need to reinvent the wheel.

    Senior support - get executive management to speak about digital transformation in employee updates

    Shared responsibility - get everyone involved from the beginning, not just operational departments and I&C, but also IT

    Support - use easy-to-use technologies; engineers and technicians cannot be come data scientists and programmers, to minimize skills gaps and get HR manage L&D for re-skilling

    Learn what other plants are doing from this essay:
    www.linkedin.com/.../digital-transformation-better-way-jonas-berge