Industrial Internet: Is Our Online Future All About Intelligent Machines?
By Karla Robinson
November 30, 2012
November 30, 2012
- While opportunities created by the Internet are boundless, the move to take advantage of them has been slow. Although the online world has dramatically changed how we access information or purchase products, “the real opportunity of change is still ahead of us,” and it’s all about machines, GigaOM writes.
- “There are now many millions of machines across the world, ranging from simple electric motors to highly advanced MRI machines,” the article states. The Industrial Internet aims to connect these machines with people, big data and analytics — and the benefits of doing so could be significant.
- “The Industrial Internet leverages the power of the cloud to connect machines embedded with sensors and sophisticated software to other machines (and to us) so we can extract data, make sense of it and find meaning where it did not exist before,” the post explains.
- In the airline industry, “just a one percent improvement in aircraft engine maintenance efficiency can reduce related costs by $250 million annually. A similar one percent fuel savings in power generation could add more than $4 billion annually to the global economy.”
- Other industries — health in particular — have similar opportunities to increase efficiency to cut operating costs. “Assuming growth similar to what prevailed during the Internet boom, the Industrial Internet revolution will add about $15 trillion to global GDP by 2030. That’s the equivalent of adding another U.S. economy to the world,” reports GigaOM.
- “This Industrial Internet is not about a world run by robots, it is about combining the world’s best technologies to solve our biggest challenges,” the article continues. “It’s about economically and environmentally sustainable energy, curing the incurable diseases, and preparing our infrastructure and cities for the next 100 years.”
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