|We are currently reviewing Quarter 2, 2016 use of Internet of Everything (IoE) principles by our target Industrial company segment across the S&P 1500.
These include the following sub-industries: construction machinery, heavy trucks, heavy equipment, heavy electrical, agricultural and farm machinery, electric components and machinery, and industrial conglomerates. Please see company coverage list at the end of the musing for current coverage company list.
As always, a fuller version of the musings below, in depth company details, strategic initiatives, IoE Scores and Industry rankings will be posted for members in the member dashboard @ www.PiercingView.com
Our findings & impressions so far:
§ IoE broad themes are understood by most executive teams – in particular those residing in the S&P – and are ‘bought in’ to its potential for opportunities and disruption
§ Broad understanding of the ‘art of the possible’; no shortage of strategic announcements of initiatives, marketing and unique partnerships
§ Initiatives of note include sensor networks connecting machines to anticipate and ‘sense’ break and fix processes, predictive analytics, adaptive manufacturing (3D printing)for prototyping, robotics in manufacturing, and some dabbling in augmented reality for training purposes
§ Emerging ‘strategic’ partnerships, consortiums, innovation hubs is all the rage. Makes sense as this is typically how an emerging concept is incubated and gradually cobbled together
§ General Electric (GE) is leading the charge. Their company-wide pivot to generate and ride the Industrial Internet – (Predix)- is sure to sustain the momentum for years to come. If there is one company to bet to win in the tsunami that could usher in an industrial internet, it is certainly GE.
A sampling of examples and use cases we are investigating: