E-platform to Enable Small-scale Manufacturers to Find Overseas Buyers
Smart, Connected Products Enable Capabilities Manufacturers Must Adopt
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Transcript of Smart, Connected Products Enable Capabilities Manufacturers Must Adopt
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The Internet of Things
Smart, Connected Products Enable Six New Capabilities Manufacturers Must Adopt Strategically
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• For manufacturers, the implications of this emerging “Internet of Things” are huge
• So how did we get here?
• A convergence of market forces and innovation of enabling technologies
The Internet of Things
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Major Forces of Transformation in Manufacturing Sector
DIGITIZATIONREGULATION
CONNECTIVITY
SOFTWARE-INTENSIVE PRODUCTS
GLOBALIZATION
PERSONALIZATION
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SERVITIZATION
External forces are reshaping the manufacturing
Products are evolving to be smart and
connected
When combined, these forces will
transform the industry
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• Computing Infrastructure
– E.g. Increasing Processor Performance/Efficiency
• Communication Infrastructure
– E.g. Evolution of Connectivity
• Things– E.g. Miniaturization and
Efficiency of Components
3 Categories of Innovations in Enabling Technology
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The IoT is comprised of the three core components
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1. Personalize and Customize
2. Monitor Condition and Operation
3. Monitor Environment
4. Remote Control
5. Service/Upgrade
6. Autonomous
Six Unique Capabilities of Smart, Connected Products
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• Value is Shifting from Hardware to Software
• Value is Shifting from Product to Cloud
• Value is Shifting from Product to Service
The Sources of Value and Differentiation are Shifting
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• Manufacturers must rethink how they create, operate, and service products in the IoT
• To learn how, download the eBook:
Responding to the Internet of Things