Industrial Internet of Things (IIOT) - Infographics by RapidValue

Industrial Internet of Things (IIOT) - Infographics by RapidValue

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  It is believedthat within the next decade, the Industrial Internet of Things revolution will dramatically alter manufacturing, agriculture, transportation, energy and other industrial sectors of the economy. It will change how manufacturers compete and will redraw industry boundaries. THE INDUSTRIAL INTERNET OF THINGS 46% Percentage of global economy that can benefit from the industrial internet 100% Industrial internet potential impact on energy production 44% Industrial internet potential impact on global energy consumption $15 trillion Amount the industrial internet could add to global GDP over the next 20 year 50 billion Connected devices by 2020 81% Of industrial companies agree that adoption of IIOT is the key to success in the future Source: GE Source: BI Intelligence Estimates, 2015 Source: World Economic Forum A Game Changer for the Manufacturing Industry Estimated Annual Manufacturing IOT Investment ( Global ) Adoption and Impact Path of IIOT Benefits of IIOT to Manufacturers IIOT Use Cases More Things to Come in the Future © RapidValue Solutions RapidValue is a leading provider of end-to-end mobility, Omni-channel, IoT and cloud solutions to enterprises worldwide. Armed with a large team of experts in consulting, UX design, application development, testing along with experience delivering global mobility and cloud projects, we offer a range of services across various industry verticals. RapidValue delivers its services to the world`s top brands, Fortune 1000 companies, and emerging start-ups. We have offices in the United States, the United Kingdom and India. Manufacturers are set to invest up to $70 billion in the Industrial Internet of Things (IIOT) by 2020. 2014E 2015E 2016E 2017E 2018E 2019E 2020E $0 $40 $80 Improved Efficiency Optimized Asset Utilization Improved Uptime Predictive Maintenance Remote Management Improved Productivity Human Machine Collaboration Connected Ecosystem Sensor enabled pipes that will detect leaks on their own. Autonomous vehicles that will reduce the problem of driver shortage and improve safety of vehicle and goods. Pre-emptive maintenance will reduce machine downtime in factories. Manufacturers will be able to detect and address sudden changes in demand in real-time. Functional managers can check on specific machines, schedules, inventories, etc. at any time, in full detail, remotely. Remote Monitoring A printed electronics plant uses IIOT to control environmental conditions affecting production and take measurements of temperature, humidity and pressure. The measurements are collected wirelessly to a cloud service. Control of Plant Companies are using IIOT to improve how their machines perform and are serviced. Machines are tagged with sensors throughout the plant and by loading a mobile application an operator can easily know what needs attention or service. Plant Asset Management Manufacturing companies can now use smart forklifts that signals when it needs to be serviced, has anti-slip technology that monitors wheel spin and improves traction on slick floors, has collision detection, fork speed optimization, and more. Intelligent Forklift Long TermNear Term Operational Efficiency Asset utilization Operational cost reduction Worker productivity New Products & Services Pay-per-use Software-based services Data monetization Outcome Economy Pay per outcome New connected ecosystems Platform-enabled marketplace Autonomous, Pull Economy Continuous demand-sensing End-to-end automation Resource optimization & waste reduction Website: www.rapidvaluesolutions.com Call us: +1 877.643.1850 Email us: [email protected]