Industrial IoT: Seizing a golden opportunity for manufacturers
Mobica White Paper: Making the transition from industrial product supplier to digital service partner
Discover extraordinary connectivity
The Industrial Internet of Things (IIoT) has created a huge opportunity for equipment manufacturers. They sit in pole position to capitalise on a rapidly emerging global market, which is growing at 23% (CAGR) and expected to surpass $1Trn by 2028.
Supplementing their product catalogues with digital services will be a technical challenge for many manufacturers, however they will need to develop products that incorporate IoT enabling technologies, including embedded solutions, edge computing, a broad mix of connectivity and cloud services. This will push many industrial manufacturers outside their comfort zone.
Before companies start developing these solutions, they will need to understand the technical complexities these technologies bring and how this will impact product performance and profitability.
Join the visionaries
To help businesses appreciate what’s at stake, this Mobica paper looks at five key areas where businesses will need to make crucial judgement calls. These include:
- Data transfer
- Computational power
- Security and reliability
- Visualising the data
We also share commentary from a range of experts and look at the journey one industrial company went on as they created their first IIoT enabled product.
Director of Technology, A-Safe
“There can be a lot of gatekeepers to satisfy and hundreds of requirements to meet. Companies will want you to prove the system can operate independently of their IT network, no vulnerabilities are going to be introduced, sensitive data is going to be protected, standards and protocols have been followed.”
Business Development Manager, Nordic Semiconductor
“You need to make sure a device is working perfectly before scaling, but you also want the option to optimise. If you start with System on Chip (SoC), for example, you can lower your footprint or add functionality later. But if you start small, you can’t go up from there.”
Global Head of Technology Office, Mobica
“You can’t have failure in one system, like a whizzy graphic interface, that crashes and brings down a safety critical system. Manufacturers need to be conscious of this possibility and follow procedures in the build that will make it impossible.”