Leading technology companies in the industrial internet


The future of the industrial automation industry will be shaped by a number of disruptive topics, with the industrial internet being one of the topics that will have a significant impact on industrial automation companies.

The Industrial Internet, a market predicted by General Electric (GE) to account for $15 trillion in global GDP by 2030, will redefine how much of the global industrial economy operates. It is part of a rapidly evolving ecosystem of intelligent machines that operate on their own logic and communicate with each other. However, a key use case – predictive maintenance – has not yet taken off, with organizations struggling to integrate it into their existing operational environments. A number of manufacturers are also concerned about putting sensor data in the cloud. Cyber ​​threats are also a concern. Systems on the factory floor were never intended to be externally connected, and operations managers think about site security before cyber security.

There has been a significant shift in who is leading the development of the Industrial Internet. It is run by white-collar IT departments, not the blue-collar factory floor environment that is the domain of operational technology (OT) teams. The reason is that the Industrial Internet is all about data and the information and understanding that data brings to the organization. Industries such as manufacturing, energy, pharmaceuticals, utilities and agriculture are adopting sensor and artificial intelligence technologies, leading to a sea change in how these businesses are managed. The insurance industry is also very interested in it.

However, not all companies are equal when it comes to their capabilities and investments in the key topics that matter most to their industry. Understanding how companies are positioned and ranked on the most important topics can be a key indicator of their future earnings potential and relative competitive position.

According to GlobalData’s thematic research report Industrial Internet, leading adopters include ABB, Siemens, GE, Schneider Electric, Rockwell Automation, IBM and Cognex.

Insights from top-tier companies

ABB

ABB estimates that only a few of the 450 industrial IoT platforms on the market are profitable. In fact, he doesn’t believe anyone is making money directly from platform sales, and he believes customers aren’t buying the platforms despite his (ABB skill). A skill is not sold as a specific, generic proposition. Instead, IBA focuses on applications and expertise in the industrial sector. It also leverages capabilities from Microsoft and other partners, including Accenture, to turn machine asset data into actionable insights. ABB’s Motors & Generator business has developed a Smart Sensor, an IIoT device that can be used to retrofit almost any low-voltage electric motor for condition monitoring. The device’s sensors measure vibration, temperature, electromagnetic field strength and other parameters to help reduce downtime, increase product life and reduce energy costs. ABB needed an interface that would connect the sensor to its customers and help them analyze and consume the data. Worked with Accenture to develop a solution.

Schneider Electric

Schneider Electric targets edge computing. His interest stems from the reality that margins are falling at the higher end, where the cloud is consolidating for a limited number of players. In contrast, the edge grows. There are many players and the margins are higher. Schneider’s commitment to the edge is expected to benefit from a new agreement with Cisco to work together to deliver edge and IoT solutions. In January 2019, Schneider announced a partnership with Nozomi Networks to provide customers in the industrial manufacturing and critical infrastructure segments with advanced anomaly detection, vulnerability assessment and other cybersecurity services. It also announced EcoStruxure Process Safety Advisor, an IIoT-based digital process safety platform that provides a holistic view of the health and status of the user’s safety-enabled functions, helping to identify potential risks and their impact on operational performance.

Go

Two years ago, after purchasing ServiceMax, GE would become one of the de facto leaders of the Industrial Internet through the Predix IIoT platform. This is the same GE that was the world’s most valuable company in 2004, before being overtaken in value by AWS, Microsoft, Apple and Google. Now, of course, it has also lost its Industrial Internet leadership to the same companies. In December 2018, GE announced that it had sold its majority stake in ServiceMax to private equity firm Silver Lake and formed a new, independent company focused on building a portfolio of Industrial Internet software. GE hopes the move will sharpen the focus of its IIoT portfolio to position the new business for future growth. The new organization intends to provide software for asset-intensive sectors with a focus on energy, renewable energy, aviation, oil and gas, food and beverage, chemical, consumer packaged goods and mining.

To better understand the key themes and technologies disrupting the technology industry, access GlobalData’s latest thematic research report on the Industrial Internet.

  • Alphabet
  • Amazon
  • SAP
  • Ocado
  • HollySys automation
  • Harmonic Driver
  • Nippon ceramics
  • KUKA
  • Microsoft
  • Nabtesco
  • Cisco
  • Omron
  • Teradyne
  • Alibaba
  • Intuitive Surgery
  • Tesla
  • Nachi Fujikoshi
  • Keyence
  • Stryker
  • Roper Technologies
  • Baidu
  • You are cyber
  • Seiko Epson
  • Denso
  • Sony
  • Hon Hai
  • Kawasaki Heavy
  • Honeywell
  • continental
  • Fujitsu



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