As with any revolution, with the emergence of the Industrial Internet there will be some workplace operations shifts as the new technologies increase efficiency and quite simply change how work is done.
The partnership of GE and AT&T, along with Cisco and Intel, has opened the door to the next evolution of work and despite the potential pushback, new business opportunities will arise.
According to The Industrial Internet @ Work, the focus should not center solely on the machines and the data, because “people at work are an equally essential element of this revolution. In fact, it is exactly by changing the way people work that the Industrial Internet will deliver its benefits in terms of greater efficiency, lower costs, and ultimately more and better jobs and rising living standards. Just as the Internet has fundamentally changed the ease with which we access information and interact with each other in our everyday lives, so the Industrial Internet will transform the way in which we can leverage information and collaborate in the workplace.”
In addition, Erik Brynjolfsson, the director of the MIT Center for Digital Business, recently explained that the increased productivity of the second industrial revolution took three decades. However, he also points out, “computers get better fast than anything ever before. A child’s PlayStation today is more powerful than a military supercomputer from 1996.”
Industry growth trends to anticipate first and foremost will be safety and security. There is still a significant prejudice against automation, so businesses who are interested in the Internet of Things will want to be sure that not only their data, but their equipment and machines are secure, too.
The Industrial Internet is a key industry vertical supported by Machine-to-Machine (M2M) communications services and applications. The expansion of M2M beyond its roots in utilities and manufacturing industries into many different enterprise operations has opened a host of new opportunities across the entire ecosystem. Furthermore, various enterprise companies in new industries are making plans to leverage M2M in processes that represent a major shift beyond previous implementations.
For more information, about the M2M marketplace, applications, services, and outlook see: