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Executive summary
The fourth industrial revolution is making manufacturing faster , smarter and leaner . Known as Industry 4.0 , this wave sweeping across factory floors takes automation to the next level . Using the industrial Internet of Things ( IoT ), manufacturers can connect the physical world with the digital and take complete control over systems as never before . Manufacturers can harness data to cut costs , improve performance and increase productivity by leveraging an open , industrial IoT as a service solution like Siemens ’ MindSphere .
Abstract
FOUR PILLARS OF THE INDUSTRIAL IOT
ENABLING MANUFACTURERS TO SIGNIFICANTLY ENHANCE OPERATIONAL EFFICIENCY
The first pillar , connectivity , involves connecting physical devices and enterprise systems to the IoT to foster system integration , increase transparency and improve processes remotely across plants . Control , the second pillar , allows a company to use data from connected devices to gain complete transparency and control the performance of assets .
Digitalization , the third pillar , takes control a step further by using data to create a digital twin of a product or system to find efficiencies , troubleshoot problems , test solutions and improve product development . Realtime performance data from the field is fed back into the digital twin for continuous innovation .
Plugging into the industrial IoT brings manufacturers a network of new ways to cut costs , improve performance and increase productivity . Although a digital transformation may seem overwhelming , the transition can be achieved in just four phases , known as pillars : connectivity , control , digitalization and augmentation .
In the final phase , augmentation , IoT and artificial intelligence ( AI ) are combined to create smart machines that can use data to operate independently of human influence . Although few companies ( 4 percent ) are fully integrated now , more than 70 percent have already completed at least one IoT project or are researching and implementing a project ; and nearly
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