analytics so that businesses can operate more efficiently, presents a massive ... The Industrial Internet is what powers
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Industrial Internet explained
#1: What is it? The Industrial Internet is what powers the Fourth Industrial Revolution. It is the digital technology that enables the connection of machines, data and people and makes possible the creation of smart technologies, intelligent manufacturing and connected city infrastructure. Why does it matter to manufacturers? It is poised to radically reshape how we design, make, distribute and maintain physical assets—from jet engines to small motors to networks of entire factories. The Industrial Internet goes beyond Industry 4.0. It’s not just about improving productivity – it’s about generating entirely new business models and changing the way that our economy operates.
FIVE FACTS YOU NEED TO KNOW
1
21%
increase manufacturing profitability by 21%.
This growth in the Industrial Internet will
2
There are
1.5 trillion objects on the planet. Only 0.6% of them are connected.
3
In 1822, Charles Babbage designed the first automatic computing engine.
By 2022, there will be over 50 billion objects connected to the internet.
4
The biggest impact of the Industrial Internet will be in manufacturing: The Industrial Internet, which connects machines, product diagnostics, software and analytics so that businesses can operate more efficiently, presents a massive opportunity to transform industry globally.
Human Cities
Factories
Vehicles
$1.2 trillion Outside Retail
Homes
Offices
5
The Digital Transformation Will Boost British Business GE estimates that the Industrial Internet could be a £174 bn market by 2020, and has invested over $1 bn in its own digital transformation. It created PREDIX, the platform for the Industrial Internet, which has helped the company to make $730 million in productivity gains in 2016 alone. Today, GE is helping its customers to boost productivity and create new business models.
