The Internet of Things: filling the Predictive Analytics data void

Predictive Analytics World Manufacturing Chicago 2014

W. David StephensonStephenson Strategies

June 18, 2014

@Data4All

You’ve done great!

@Data4All

.. considering how little we know!

Can’t interpret data you can’t get!

@Data4All

We don’t know:When equipment will fail

@Data4All

We don’t know:Whether there’s defect on

assembly line

@Data4All

We don’t know:Precise time we’ll need parts

@Data4All

We don’t know:Precise time we need to resupply

retailers

@Data4All

PrecisionManufacturing!

@Data4All

-Siemens

Internet of Things (IoT)

Real-time data, shared in real time by everything and

everyone needing it.

@Data4All

Internet of Things:sensors

@Data4All

Internet of Things:Ipv6 addresses

@Data4All

Internet of Things:The cloud

@Data4All

Text

--iogear

The Internet of Things:

Big Data solutions

@Data4All

Truly Integrated

@Data4All

“Productivity gains will be insane when people

automatically receive the information they need when

they need it, versus having to sit in front of a monitor searching for it.” -- GE

@Data4All

Assembly lineSmart machines

@Data4All

Assembly line Sensors in products catch defects

@Data4All

Assembly lineAutomatic replenishment -- unprecedented supply chain

integration

@Data4All

Assembly lineBetter decision making

@Data4All

New assembly technology

- Objet

@Data4All

GE: practicing what they preach

@Data4All

- GE

Siemens:

@Data4All

Return to localized production

-- with a difference•Unprecedented integration

•Local suppliers

•Mass customization

@Data4All

Total Integration:Smart Vending Machine

@Data4All

Dramatic Impact

•Cisco: 2013-22, $14.4 trillion net profit up for grabs globally

•Ericsson: 50 Billion Connected Devices by 2020

•McKinsey: potential economic impact $2.7-6.2 trillion yearly by 2025

@Data4All

Management Challenges

Will you share the data and break down silos?

@Data4All

Management ChallengesWill you break down silos?

@Data4All

Management Challenges

Will you protect privacy and security?

@Data4All

Precision Manufacturing -

time to act is now

•Add sensors.

•Adopt big data tools & cloud

•Adopt Predictive Analytics

@Data4All