I wanted to share some of the ideas and concepts Charlie shares as we advance forward. He opened defining aspects of the Internet of Things (IoT)—ubiquitous connectivity, accessible costs/capacity and powerful & friendly tools. Smart phones, tablets, cellular and wi-fi communications expand connectivity tremendously. Sensors, data storage and computation power lower costs and access. And social networks, big data and prognostics make tools more friendly, intuitive and more valuable to use.
These advancements open possibilities in applications and platforms such as monitoring, infrastructure management, intelligent manufacturing and production, energy efficiency and improved environmental performance and compliance.
It also raises a number of challenges around privacy, security and generational differences in how we perceive the value or threat these technologies bring. The key is how to sort through the challenges to take advantage of value these technologies and enabling services bring.
Charlie sees four implications from these possibilities and challenges—increased digital and cloud infrastructure, more intelligent products, enriched business models, and enhanced digital customer models. Within Emerson, much work is being done at a foundational level, some such as human centered design (HCD) that we’ve highlighted here on the blog.
For process manufacturers and producers, these technologies and services open up new ways to improve operational performance in areas such as safety mustering, wearable video & voice, asset tracking, mobile operations and video.
He cited some examples increasingly intelligent and proactive products such as DeltaV CHARMs, Smart Wireless THUM adapters, FIELDVUE digital valve controllers, Ovation Simulation Solutions, and AMS Suite software.
In Emerson Process Management president Steve Sonnenberg‘s portion of the presentation, he highlighted an example of new business models being created with these technologies and services—a steam management operation on Jurong Island in Singapore. Thousands of acoustic wireless devices are being installed to monitor steam traps which are being remotely monitored by Emerson experts to instantly spot energy losses and avoid wasting energy. This results in large energy savings and reduced carbon dioxide emissions.
New products and technology innovations such as these help create new applications and business models to help drive improved operational performance in health, safety & environment, reliability, energy efficiency, improved control, and process safety.