Few Words from the CEO | Altizon Systems
The Industrial Internet of things (IIoT) is the next wave of innovation impacting the way the world connects and optimizes machines. The Industrial Internet of Things is connecting the physical world of sensors, devices and machines with the internet and by, applying deep analytics through software are turning massive data into powerful insights and intelligence.
We see a huge interest in the Manufacturing world to build connected products that are smarter. Terms like Software Defined Manufacturing, Industry 4.0 are used to describe this new phenomenon.
Alan Turing, Father of Computer Science and Artificial Intelligence
At its core, lies the manufacturing industry reimagines their entire work place and ecosystem with computing inside. We believe Manufacturing is now re-discovering its inner Turing and call this new wave manufacTURING, evoking the father of computer science Alan Turing.
Why is IIoT a big deal?
Today we have only 1% of world devices connected . This means that the wealth of information that is generated in them gets dropped on the floor without any corporate systems mining them for insights. Getting them connected can open up opportunities for improving operational efficiency, customer care, and insights. Industrial IoT is about leveraging this potential from machine data.
What differentiates the IoT over the ‘’regular’’ Internet?
This is brilliantly explained by the S-E-N-S-E framework from the Goldman Sachs report.
Exhibit 1: Making S-E-N-S-E of Internet of Things
‘SENSE’ – Key attributes of the IoT and how it differs from the ‘regular internet’
Which are the Key Industry segments which will form the core Industrial IoT landscape?
IIoT and Industrial Automation:
The Industrial automation industry is currently exploring various use cases of Industrial IoT. The pilot level implementation is happening across various R&D labs of all the industrial automation manufacturers. The sensor which was once considered to only sense a physical or chemical parameter and then transmits this information is now where all the action is happening. We can have more data generated by things with sensor than by people. So the need for connecting the sensor on the internet is to turn this massive sensor data into consumer insights. These insights help us understand the customer experience over the complete product lifecycle.
Most of the industrial automation systems were designed with an expectation of isolation from external networks. Thus each of these systems will have to be re-designed or made IoT ready, so they address the key challenge of getting the systems connected. The next challenge will include in being more adept to manage and analyze operational data on the machine, on premise, and in the cloud. The analytics platform will finally optimize operations.
Thus existing industrial devices which were designed to be stand alone, or to only be connected to proprietary, on premise networks, will be modified to connect to the internet. In case of new industrial devices will be made IoT ready, to reap the benefits of such as decreased service cost through predictive maintenance and remote management. However, both these devices will have to address the challenges of secure connectivity– to ensure that these systems can withstand the inevitable network-born attacks that will target them.
Industrial internet thus enables data and information to be available and accessible from any device or any remote location. This will drive the efficiency of operations for companies with global presence. In future, the automation systems will use data to self-configure, self-regulate and suggest efficiency improvements. Industrial automation will thus have to adopt IoT technologies to improve performance and enable better integration with business systems.
IIoT, Industry 4.0 and Make in India
Realizing the potential of total manufacTURING transformation with use of IoT big data, German government introduced its industry 4.0 government initiative to spur its industrial sector. Thus dependent upon real-time IoT big data for driving the decision making in a smart factory. Industry 4.0 represents, according to pundits, ‘IoT-the fourth revolution’ – following the steam engine, mass production, and internet technology.
Industrial IoT : The Fourth Industrial Revolution
In last couple of months, we have seen the Indian PM going the extra mile for attracting global investment with the Make in India program. This has sparked a great deal of interest and we see a lot of excitement in the industry in launching initiatives to help advance this program. Altizon system believes Industrial IoT will drive the next innovation wave across manufacturing and can spur success for the Make in India.
About the CEO
Vinay Nathan serves as the Chief Executive Officer and Co-Founder of Altizon Systems. He has more than 13 years of varied experience across sales, marketing, engineering and product management. Most recently, he worked as VP Sales at Persistent Systems. He was also Co-Chair TiECON Pune 2014 & Fellow of the Startup Leadership Program. He has bagged 3 US patents while 4 patents are still pending. He has completed MS in Computer Science from University of Southern California, LA and a BS in Computer Engineering from University of Pune.
(Excerpts from Industrial Business Mart Dec’14 Issue : Q&A with Vinay Nathan, CEO, Altizon Systems)
- Scott McDonald, Whitney Rockley, #IIoTReport – McRock Capital, 2014