internet of things

Question 1

internet of things definition

Answer 1

network of devices such as
vehicles
home appliances

that contain 
electronics, 
software, 
sensors, 
actuators, 
connectivity 

which allows these things to
connect,
interact and
exchange data

Question 2

How do smart, connected products relate to Industry 4.0?

Answer 2

fourth revolution: Smart Factory. It is based on cyber-physical systems (CPS) networking machines and components with the addition of intelligent, “smart” and highly flexible software

Central process control can be eliminated as it can be taken over by CPS-based components.
This concept of value chain organization is also referred to as Industry 4.0, the fourth industrial revolution.

Question 3

smart factory

Answer 3

where machines, systems, and humans communicate with each other in order to coordinate and monitor progress along the assembly line.
Networked devices provide sensor data and are digitally controlled.

Question 4

IOT and Industry 4.0

Answer 4

better, faster decisions are coming to the shop floor
People empowerment is essential
Cybersecurity is a major issue
A new generation of sensors is coming
Machine tools will be regarded as cyber physical systems
loud computing and Big Data will play vital roles

Question 5

smart factory

key characteristics

https://www2.deloitte.com/insights/us/en/focus/industry-4-0/smart-factory-connected-manufacturing.html

Answer 5

Connected :
Processes, machines, and humans are connected to provide real-time data to make decisions.

Optimized :
Increased uptime and productivity, and highly automated with minimal human interaction.

Transparent :
Visibility of customer demand forecasts, order tracking, and other live metrics that allow for real-time decision making.

Proactive :
Constantly stocking and replenishing materials, early identification of supplier quality issues, and real-time safety monitoring.

Agile :
Adaptable scheduling changeovers, implementation of product changes in real time, and configurable factory layouts and equipment

Question 6

smart factory

key benefits

Answer 6

1. Asset efficiency

lower asset downtime, optimized capacity, and reduced changeover time, among other potential benefits

Question 7

At the heart of Industry 4.0 is the smart factory -

Answer 7

a place where big data flows steadily from well-connected operations and production centers to drive all parts of the business. A smart factory can predict change, and has the ability to quickly adapt operations to meet customer demands. Smart factories are agile and learn from data in real time. This agility helps manufacturers enter new markets, respond to disruptive trends in their industry, deliver better or new products, and get ahead of operational challenges like equipment maintenance and downtime.

Question 8

What Are Smart, Connected Products?

3 components

Answer 8

Smart, connected products have three core elements:

1. physical components
2. “smart” components
3. connectivity components.

Smart components amplify the capabilities and value of the physical components,

while connectivity amplifies the capabilities and value of the smart components and enables some of them to exist outside the physical product itself.

The result is a virtuous cycle of value improvement.

Question 9

smart connected products

smart component

Answer 9

Smart components comprise the
sensors, microprocessors, data storage, controls, software, and, typically, an embedded operating system and enhanced user interface

Question 10

smart connected products

Physical components

Answer 10

Physical components comprise the product’s mechanical and electrical parts. In a car, for example, these include the engine block, tires, and batteries

Question 11

smart connected products

Connectivity component

Answer 11

Connectivity components comprise the ports, antennae, and protocols enabling wired or wireless connections with the product. Connectivity takes three forms,
one to one
one to many
many to many
many to one

Question 12

smart connected products
requirements
The New Technology Stack differnet layers

Answer 12

Smart connected products require companies to build and support an entirely new technology infrastructure. ” is made up of multiple layers,
including new product hardware,
embedded software,
connectivity,
a product cloud consisting of software running on remote servers,
a suite of security tools,
a gateway for external information sources,
and integration with enterprise business systems.

Question 13

Capabilities of Smart, Connected Products
4 areas

https://hbr.org/2014/11/how-smart-connected-products-are-transforming-competition

Answer 13

monitoring,
control,
optimization,
and autonomy.

Each builds on the preceding one; to have control capability, for example, a product must have monitoring capability.

Question 14

smart connected products

what can they do?

Answer 14

offer exponentially opportunities for few functionally and capabilities

changing nature of products
disrupt value chain

Question 15

smart connected products

what will change for companies

Answer 15

rethink design 
source product
manufacture 
operate
service 
secure IT infrastructure