Internet of Everything · 2016 Manufacturing Summit Starkville, Mississippi • Telephone 75 years...

Internet of EverythingDr. Roberto Gallardo2016 Manufacturing SummitStarkville, Mississippi

• Telephone 75 years

• Mobile phone 16 years

• World Wide Web 7 years

• Facebook 4.5 years

• Instagram 2 years

Reaching 100 million users worldwide

Source: Twitter user @ValaAfshar; ITU; Statista; BCG Research

Digital Age

• Exponential

• Digitization

• Combinatorial

• Disruptive

Exponential

Source: Twitter user @ValaAfshar

Exponential

If a VW 1971 beetle improved as did computer chips up to 2015:

• Would reach 300,000 mph• Fuel economy of 2 million

miles per gallon• Would cost 4 cents

Source: Thomas Friedman, New York Times

• Digital mindset

• Exploit digital platforms

• Listen to digital consumers/residents

• Mostly EVERYONE has the tools to market, test, refine, and eventually disrupt an industry

Digital Disruption

Source: McQuivey, J. (2013). Digital Disruption – Unleashing the Next Wave of Innovation

Digital Disruption

“Investor concern over the threat of new technologies is overstated.”

– Blockbuster analyst report, 1999

Source: Twitter user @ValaAfshar

Digital Disruption

• Kodak invented the digital camera in 1975

• Filed for bankruptcy in 2012

Combinatorial

• Nature of innovation is changing

• Identify and exploit unknown patterns

• Real-time feedback

• Predictive, proactive behavior

Internet of Everything

• People• Things• Data• Processes

“Physical world can now be digitized, monitored, measured, and optimized.” – Project Syndicate

Internet of Everything

• “IoE is a $19 trillion global opportunity over the next decade” – Cisco (2014)

• Up to $11 trillion annual economic impact in 2025 –McKinsey (2015)

So what?

• Technologies converging• Autonomous robots• Simulation• Horizontal & vertical system

integration• Industrial IoT• Cybersecurity• The Cloud• Additive manufacturing• Augmented reality• Bid data and analytics

Source: Boston Consulting Group

So what?

• Gather and analyze data across machines• Self-configuration, adapt to changes

• Faster, more flexible, and more efficient processes

• Increase manufacturing productivity, foster industrial growth

Source: Boston Consulting Group