IIoT engulfs the world, is the world ready? (Authentise Weekly News-In-Review – Week 04)

Hi everyone and welcome to this new edition of your weekly News-In-Review by Authentise!

We are switching the release date to Sunday from now on so tune in every weekend to get your curated news report.

This week we filled our feeds with news coming from the IIoT world. More & more resources are poured by industrial players to get ahead in the race to ride the sensor-empowered wave of IIoT but there is more to do hiding in the avalanche of data that is coming out of it. While Frankfurt showcases industry 4.0 in its privileged spot as Europe’s main internet hub and key players’ collaborations take the IIoT ecosystem up a notch, the data shows early adopters can’t seem to create actionable insights out of it all. As IIoT engulfs the industrial world in data, smart process development driven by analytics is key to make use of the incredible information capacity in our hands.

Frankfurt factory showcases Industry 4.0

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Frankfurt is the world’s largest internet hub – and with volume doubling every year, companies are turning to the latest technology. That was the starting point for one German company – which has built a factory to show what’s possible.

Click here to see the article and video.

Honeywell and Aeron collaborate

Honeywell has announced that it will collaborate with Aereon on solutions to help industrial customers boost the safety, efficiency and reliability of their operations by leveraging Honeywell’s Industrial Internet of Things (IIoT) ecosystem. The INspire™ ecosystem is a part of Honeywell’s Connected Plant initiative, which helps manufacturers leverage the IIoT to improve the safety, efficiency and reliability of operations across a single plant or several plants within an enterprise. Honeywell and its ecosystem partners are developing infrastructure that offers customers secure methods to capture and aggregate data, and apply advanced analytics. Customers can then use this information to determine methods to reduce or eliminate manufacturing upsets and inefficiencies.

Click here to read more about the collaboration.

Making Sense of IIoT Analytics

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As the Industrial Internet of Things (IIoT) picks up steam, attention is pivoting from connectivity to analytics, flooding manufacturers with a wave of new offerings that all promise to facilitate real business change. […] “It’s really easy to capture data, but to then make that data actionable is where companies are really struggling,” notes Ryan Lester, director of IoT strategy for Xively, an IoT platform provider. “Companies don’t have the right analytics tools to parse through the data and they don’t have access to good algorithms to get insights.” In fact, according to research by Forrester and Xively, 51% of companies are collecting data from connected products, but only 33% are leveraging the intelligence to create actionable insights.

Click here to know more of IIoT analytics.

 

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