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Smart Manufacturing Platforms Assessment
IIoT platform can refer to any piece of software that fills a role in application enablement in an industrial environment. Manufacturers need this software to connect devices, extract data from their equipment, process it, store it, and deliver it to finished applications. No platform does all of this well, but many IIoT platform providers now have partner ecosystems designed to meet the individual needs of any prospective client.
Perhaps the 'platforms' that most suit that word fill the role of an application enablement platform (AEP). AEPs provide a solution for importing data, but they often require partners to provide gateways. Some AEPs provide a ‘one-stop-shop’ that can take the data from a least some devices and might also work like an operating system with an app store. If they keep app development open, they can feature apps built by the AEP provider, apps from partners (which may also call themselves a platform), end users or independent developers, much like smart phone app stores.Continue
Reports & Data
Most of the world knows Foxconn, a Taiwanese manufacturer officially named Hon Hai Precision Industry Co., as the manufacturer of the Apple iPhone, and while Apple still accounts for around half of its total revenue, Foxconn rakes in more revenue than all but three technology companies worldwide. One of its subsidiaries, Foxconn Industrial Internet (FII), generated US$56 billion in revenue. FII had its IPO on the Shanghai Stock Exchange on June 8, 2018, when its stock increased by 44%, making it the largest tech company in mainland China. FII raised more than US$4 billion to fund eight projects including smart manufacturing platforms, cloud service equipment, and 5G solutions, with an announced focus on Artificial Intelligence (AI). FII already has investments from the three top Chinese Internet companies: Baidu, Alibaba, and Tencent. In addition to Apple, FII already counts Amazon, Cisco, Dell, Huawei, and Lenovo as clients.
In December 2017, ABI Research published the second iteration of the Industrial Internet Connectivity Tracker. The Industrial Internet Connectivity Tracker provides highly segmented data and forecasts through 2026 to support Industrial Internet of Things (IIoT) business initiatives and go-to-market plans. It includes three major application segments: Industrial Smart Glasses, Robotics & PLCs and Other Equipment Monitoring. Industrial Smart Glasses are augmented reality (AR) glasses used in manufacturing applications. Robotics & PLCs refers to industrial connected robots and connected programmable logic controllers, and other equipment monitoring covers connections for condition-based monitoring of stationary industrial equipment ranging from weight scales to pumps and tanks, mining equipment, batteries and elevators.
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Digital twins will minimize down-time, extend equipment’s useful life and help manufacturers meet new regulations. Early opportunities include monitoring of remote assets such as wind turbines, offshore drilling wellheads, jet engines and energy inverters as well as industrial equipment on the factory floor. When deployed successfully, these sorts of new technologies improve agility and decision-making, build in security and increase the exchanged of ideas between departments to simplify IIoT solutions and drive innovation. This webinar will cover an overview of what the Industrial Internet means today and the trends that will impact new business models and the deployment of new technologies such as digital twins in smart manufacturing.Replay
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ABI Research’s Hannover Messe 2018 Report Details How Industrial Market Is Ripe for Digitization
ABI Research’s Analysts Chair and Moderate Panel Discussions during IoT Tech Expo Global 2018
April 5th Webinar: Location Platforms: Value Chain Analysis, Technology Innovation & Business Transformation