By Oliver Winzenried, CEO Wibu-Systems (www.wibu.com)
Many Names, One Idea
The Internet of Things (IoT), the Industrial Internet of Things, Industrie 4.0, Made in China 2025, Smart Industry, Connected Systems, Cyber-Physical Systems (CPS), Mobile Cyber-Physical Systems: many new phrases have been coined to describe something that is on everybody’s mind, and that will influence our lives, our way of working, our future.
What does the IoT mean for mechanical engineers or the manufacturers of controllers or other devices? This paper investigates the opportunities that lie ahead and the risks that await. Above all, it looks at which decisions can be made in order to become a successful player in the new world. For this paper, the term ‘IoT’ will stand for all of the many concepts named above.
Internet of Things (IoT)
Believe the Hype!
Nations around the world have come to consider the technical promises of the IoT as their future and have begun to invest heavily in research in the field, making IoT part of their long-term strategy. In the United States, the talk is of connected systems and researchers are concentrating on cyber-physical systems.
China does not want to continue to be the world’s factory for cheap mass produced goods, but rather become a leading industrial nation with home-grown high-quality offerings.
The German idea of the Industrie 4.0 has inspired Chinese planners to draft the strategy paper “Made in China 2025”. Simple maintenance, preemptive service planning, and client specific, cost-efficient custom production are just some of the many advantages promised by the industrial IoT.
The increasing pressure for cost reduction alone is powering the trend towards the IoT. Its market is expected to amount to approximately $1.8 trillion in 2020.
Focusing on Industry
IoT applications are developed with devices and services in various sectors: Information technology, automation and production technology, the aerospace industry, maritime and naval applications, railways, car makers and their suppliers, energy providers, agricultural businesses, medical technology, and building automation.
These many and diverse areas share certain industrial-grade standards in terms of a technology’s long life, reliability, robustness in harsh environments, or reliable, long term availability...
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