The document discusses how the Industrial Internet of Things (IIoT) and Industry 4.0 will drive immense technological progress in the 21st century, transforming industries and business models. Key points include: 1) IIoT will connect physical machines to analyze data and improve operational efficiency; 2) This connection of operational technology (OT) and information technology (IT) will enable new product and service offerings; 3) Over time, business models will transition to selling outcomes and services rather than products alone.
2. 2
in the 21st century,
we won't experience 100 years of progress
it will be more like 20,000 years of progress
Law of accelerating returns
Ray Kurzweil
4. IT Commoditization
• Standard Computer‐HW components
• Standard SW components
• Open & Industry Standards
• Cloud computing
Time
Diffusion ‐Cost
Z‐curve S‐curve
6. Adoption and impact path of the Industrial Internet
6
1. Operational
Efficiency
2. New Products &
Services
3. Outcome Economy
4. Autonomous,
Pull Economy
Near-term
Long-term
World Economic Forum
7. Largest Technology Market Ever
“1 Trillion devices by
2025”
“Market impact $4.5
Trillion by 2020”
“50 billion devices by
2020…”
Internet of Things
13. The Digital Transformation
the fusion of
IT & OT
business processes technical processes
13
The wave is arriving, it's
time to decide
to ride or to be swept
is leading the way to a new industrial age
20. Which is the driving Force?
both service companies and manufacturers
are moving more dramatically into services
20
Vandermerwe and Rada, 1988
is happening in almost all industries on a global scale
Servitization