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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