Cybercrime will cost up to $6 trillion by 2021 - nearly half of today’s US GDP and more profitable than the global trade of all major illegal drugs combined.
The Smart Factory is driven by real-time interactions of people, machines, assets, systems, and things that collectively enable self-governed processes.
The tone of the many well-meaning discussions about the Industrial Internet of Things (IIoT) varies widely from one viewpoint of unbridled optimism about the seemingly endless possibilities to another filled with apocalyptic doom and gloom about the safety of the planet and everyone on it.
The more that is written about the Internet of Things and its myriad of potential game changing applications, it seems that the terms “IIoT” and “disruption” become more closely aligned.
More than 81% of organizations believe successful adoption of the Industrial Internet of Things (IIoT) is critical to their future success, yet ironically, only 25% of these organizations have a clear IIoT strategy in place and only 24% of those organizations are happy with its execution.
When I recently watched a report about Tofaş, with its impressive one-million square meter operation and its leading position in the Fiat-Chrysler world in terms of World Class Manufacturing (WCM), I seriously wondered what else Smart Factories could offer in the near future.
It has been several years since Kevin Ashton introduced the concept of the Internet of Things, based on RFID and sensor technology that enable computers to observe, identify and understand the world—without the limitations of human-entered data.
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