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204 IoT Applications — Value Creation for Industry
to the need for simple development tools and methods for IoT applications,
more in the sense of moving away for a lot of tailored solutions. Also the need
for simple integration, deployment, configuration and use of IoT devices was
seen as an important aspect to ease IoT application installation, configuration
and practical industrial use. As a means to achieve this aspect of co-innovation
academia- industry and quick technology transfer has been emphasized by
respondents.
3.11 Conclusions
IoT applications exist and are rapidly developing in the industrial sector too,
and are very diverse. IoT industrial applications can create value for industry.
Examples are presented in the domains of optimizing business process flows
based on the analysis if big data, optimizing processes based on smart tags and
smart objects and the implementation of ad-hoc predictive maintenance applications
as brown field IoT and in the hard environment of oil and gas industry
based on sensor networks. The examples clearly show that the main mechanism
to create value from IoT technology is to generate actual and fine grained
information from real world and to optimize business and technological processes
based on it. Handling and managing the data but especially extracting
relevant information and correlating IoT data with other factory information
and processes will determine the success of IoT industrial applications. The
increasing number of technical contributions using IoT demonstrate that technologies
are evolving and there is a learning and application process supported
by standardization efforts. Robustness, standardization, easy installation, configuration
and servicing are essential to keep IoT systems operational and
hence offering value for the industry operation and services. From an industry
point of view value creation from IoT applications and sustainability are
essential and will influence the use of IoT technologies in the industry, on a
larger scale, in the coming years.
References
[1] Industry 4.0, http://www.bitkom.org/74733.aspx.
[2] Industry workshop, The 3rd Int. Conference on the Internet of Things, Wuxi, http://www.
iot-conference.org/iot2012/pagedf0b.html?id=162, China, 24–26. Oct. 2012,
[3] CISCO on Internet of Everything, Value at stake in the IoE economy, 13. Feb. 2013,
http://www.slideshare.net/CiscoIBSG/internet-of-everything-ioe-economy#