What is IoT’s role in the 4th Industrial Revolution
The IoT Show with Olivier Bloch
Let’s ask the #1 Industry 4.0 influencer in the industry, Jeff Winter, what he thinks IoT’s role is in the ongoing 4th industrial revolution. To answer the question, we will discuss what’s specific to the Industrial part of “Industrial IoT”, IoT’s level of maturity, the common reasons why Industrial IoT projects still hit the wall and more. Hint: IoT is core to Industry 4.0
Questions Jeff answers in this episode:
What’s Industry 4.0 and how does IoT fit in this big picture?
How is IIoT different from IoT?
Is IoT a mature technology? How do you define maturity?
What technologies and trends in the industrial world are dependent on IoT?
Industrial IoT projects are still failing, why is that? What are the common reasons why IoT projects still hit the wall?
*Correction in Episode: Some of the auto-CC creation isn’t correct, especially in terms of the standards numbers (See references below)
Sources Referenced:
Statista - Amount of data created, consumed, and stored 2010-2020, with forecasts to 2025: https://www.statista.com/statistics/871513/worldwide-data-created/
IoT Analytics - State of IoT Spring 2024: https://iot-analytics.com/state-of-iot-10-emerging-iot-trends-driving-market-growth/#:~:text=According%20to%20the%20latest%20148,market%20rather%20than%20a%20disrupter.
Smithsonian Magazine - Kevin Ashton Describes “the internet of things”, 2015: https://www.smithsonianmag.com/innovation/kevin-ashton-describes-the-internet-of-things-180953749/
OPC-UA History: https://opcfoundation.org/about/opc-foundation/history/
ISO/IEC 21823-2:2020 Internet of things (IoT) - Interoperability for IoT systems Part 2: Transport interoperability: https://www.iso.org/standard/80986.html
ISO/IEC TR 30164:2020 Internet of things (IoT) - Edge computing: https://www.iso.org/standard/53284.html
ISO/IEC TR 30166: 2020 Internet of things (IoT) - Industrial IoT: https://www.iso.org/standard/53286.html
IoT Analytics - Industry 4.0 adoption 2022: https://iot-analytics.com/product/industry-4-0-adoption-report-2022/
Cisco Survey Reveals Close to Three-Fourths of IoT Projects are Failing, 2017: https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2017/m05/cisco-survey-reveals-close-to-three-fourths-of-iot-projects-are-failing.html
Microsoft - Digital Operations Signals - Industrial IoT Solutions Spotlight, 2023: https://info.microsoft.com/ww-landing-digital-operations-signals-iiot.html?lcid=en-us
