Intelligent technologies to fuel innovation across the eco-system
Operational Efficiency
Automation, more flexible production techniques and predictive maintenance
Top-Line Growth
New digital products and services, and generate entirely new sources of revenue
NextGen Products/Services
Product as a Platform
Data Analysis & Recommendations
Most Valuable Information Provider
Boost Productivity
Improve Equipment Performance
Increase Customer trust & loyalty
Increase ability to have context rich interactions within value chains
System offers analytics on large
real-time data for diagnostic and recommendation
Share data with partners for value –added services across the eco-system e.g. carrier, vehicle and payment services
Make the consumer aware of their “Internet of Things” and then work with the
ecosystem partners to drive next generation customer experiences.
Today
Future
Products start to sound off. A product once installed a the customer will be the primary feedback to the vendor from maintenance status to request for feature enhancements.
Hardware is not that hard after all. R&D intensity is high in industrial sectors where scientists and technologies are needed in electro-mechanical devices. However embedded software can be upgraded in the field with new functionality that allows innovation to be pushed out sooner.
Cooperative product development. The common drivers that influence the R&D efforts of makers of products are energy management, safety, sensing and measurement. A new driver will be more about the eco-system of intelligence machines, processes and people in a global network
Examples
Think boldly about value potential from product-service hybrids.
Cultivate tomorrow’s partner ecosystem.
Start now to design
and develop Industrial Internet platform.
Closely study Industrial Internet financials.
Prepare marketing/sales/service to promote new digital products and services.
Clarify legal rights, obligations and secure access to data generated from machines to deliver new digital services.
Think about how to augment workforce with smart machines.
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