IoT Forum on Industrial IoT

IoT Forum on Industrial IoT

The IoT Forum is focused on discovering innovation, exchanging knowledge, growing professional networks, and above all building partnerships across the entire IoT ecosystem.

IoT Forum members meet monthly in Silicon Valley to discover new companies and technologies, meet partner prospects in person, review market opportunities across the wide spectrum of connected things, and deep dive into a specific segment with the help of buyers and experts. This month, we are focused on innovation in Industrial IoT.

IOT FORUM ON INDUSTRIAL IOT
The Industrial Internet of Things, or IIoT, refers to the suite of devices and solutions around increasingly connected industrial processes. Because of the dropping cost and increasing accuracy of sensors, connectivity to those sensors, cloud computing, and analytics systems, IIoT is in a period of explosive growth. And by connecting more and more parts of a process, industry has unlocked substantial savings in terms of operational efficiency.

Some of the lowest-hanging fruit in IIoT has been:

  • Logistics: Using location tracking to monitor the progress of items through the supply chain
  • Theft/loss recovery: Again, using tracking to reduce lost equipment
  • Predictive Maintenance: Using new sensors and analytics platforms to predict equipment failures
  • QC: Increased sensors to ensure correct temperatures, pressures, chemical composition, etc

These solutions are already approaching maturity, and are contributing to economies of scale for a wider adoption of IIoT. And low-hanging is often the sweetest, as it enables quick, low-risk return on investment. We expect to discuss many of these quick-win solutions during our meeting.

But low-hanging fruit is not revolutionary, and yet, IIoT is. So, we’re certainly going to discuss how IIoT fits into Industry 4.0, the next industrial revolution, and how it can unlock ROI far beyond efficiency gains on current operations.

Like the telecom space as they moved from proprietary boxes to virtualization and Software-Defined Networks, the first use case of IIoT has been to improve operational efficiencies, to automate processes, and to enjoy reduced downtime with predictive maintenance. And also like the Digital Revolution in telecom networks, the next phase of IIoT will be about delivering agility to industry. Agile, Industry 4.0 facilities will fuse connectivity, control systems, automation, cloud computing, analytics, and AI to create self-optimizing and highly flexible manufacturing and facilities. IIoT will enable industry to use the fabric of the connected enterprise as a platform on which to rapidly test, prototype, and to innovate.

Consider the example of applying AI or machine learning to the objective of “make the steel harder, minimizing cost”, and letting an automated mill A/B test possibilities and learn non-stop from the results.

So, for our upcoming meeting we want to dive down into the present and the future of IIoT, that is:

  • Products, solutions, and services that improve the efficiency of industrial, logistics, in-field, operations; and
  • Products, solutions, and services that lead us to the next level of IIoT, which is the platform for industrial agility, innovation, and smart industry.

Join the IoT Forum community of buyers, sellers, tech scouts and technology companies to review new technologies and discover startups revolutionizing the shop floor. IoT Forum meetings are short, packed interactive discussions with highly-focused networking and plenty of demos.

FEES & OPTIONS
Registration: $200 (free to members)
Demo Table: $500 (free to members)
Startup Discount: 50% to pre-revenue startups
Technology Pitch: Free by invitation; Apply Online

Details

  • When

  • Thursday, October 17, 2019
    8:30 AM - 1:00 PM

  • Where

  • Silicon Valley Bank
    3005 Tasman Drive
    Santa Clara, California 95054
    USA

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