The Benefits of IoT in Manufacturing
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Transcript of The Benefits of IoT in Manufacturing
Rockwell Automation TechED 2016 @ROKTechED #ROKTechED 1
Rockwell Automation TechED 2016 @ROKTechED #ROKTechED
The Opportunity for Manufacturing
The Internet of Things represents an opportunity to grow aggregate global corporate profits approximately 21% by 2022
Between 2013 - 2022$4.7T
Rockwell Automation TechED 2016 @ROKTechED #ROKTechED
How ready are companies?
Have a comprehensive strategy for IIoT
Yet to make concrete progress with IIoT
Create new service-based income streams
from the IIoT
84% 73% 7%
Rockwell Automation TechED 2016 @ROKTechED #ROKTechED
MarketGlobal Competitiveness
WorkforceTalent Shortages & Skills Gap
RisksChanging Risk Patterns
TechnologyIndustrial Internet of Things
Opportunities and challenges in changing global landscape
IoT value at stake and growthof internet enabled assets
Macro Trends and PRESSURES
Global challenge hiring and retaining
Highly publicized and expensive incidents worldwide
New engineers every year until 2022 to connect the unconnected The World Bank Studies
220,000 Suffered a security breach in the last year2014 Ponemon Institute survey
70% Of worlds economy in 2025 will be provided by IoTMcKinsey & Co 2015
11%
4
Rockwell Automation TechED 2016 @ROKTechED #ROKTechED
$65BAutomation systems reaching End of Life
~75%U.S. plants are more than 20 years old
78% Companies experienced 1-4 health/safety recalls
$20B cost of unscheduled downtime
<14 % US Plants fully integrated
21% Suffered a loss of IP in the past year
SOURCE: Industry Week SOURCE: Kapersky (2014)SOURCE: GMASOURCE: ARC SOURCE: Industry WeekSOURCE: ARC
5
Business Risks & DriversRealizing Smart Manufacturing has become a BUSINESS IMPERATIVE
Rockwell Automation TechED 2016 @ROKTechED #ROKTechED
How canI better
manage myglobalsupplychain?
I need toreduce
downtime?
I need toimprove
productquality
I need to improve
productivity?
How caninnovation
drive profits?
I need to achieve
real-time visibility
I need tointroduce
new products faster?
Business Risks & DriversRealizing Smart Manufacturing has SHIFTED PRIORITIES
Rockwell Automation TechED 2016 @ROKTechED #ROKTechED
CHALLENGES
Organizational Alignment
Competency, Talent
Technology Adoption
Data Security, Privacy
Interoperability Standards
7
Copyright © 2015 Rockwell Automation, Inc. All Rights Reserved.
Organization structure and skill set will be critical
Build a solid IP information infrastructure
Technology for the digital
world
Develop a training
strategy that will help drive collaboration
and build trust
Build partnerships to fill gaps
Don’t underestimate the dramatic
cultural changes this
can have
Keys to Success
Faster Time to Market
Improved AssetUtilization$ Lower Total Cost
of OwnershipEnterprise Risk Management
Rockwell Automation TechED 2016 @ROKTechED #ROKTechED
The Industrial Internet of Things (IIoT)
50 “Smart Objects”by 2020Source: Cisco
Systems able to interact with one another, analyze data, self configure, and adapt to changes within the manufacturing process itself
billion
PUBLIC
www.rockwellautomation.com
ROKTechED 2016 ServiceFor the rest of the story…