Posted By Jeff Moad, August 06, 2014 at 4:53 PM, in Category: Transformative Technologies
The Internet of Things (IoT) is expected to bring unprecedented levels of operational insight and product performance and use knowledge to manufacturers, resulting in hundreds of millions of dollars of new market value in the near future.
But the IoT will bring challenges also. Experts have already sounded the alarm about security breaches that have shown up in some smart, web-enabled products and platforms. But security won’t be the only challenge. Manufacturers will also need to do a much better job of validating the accuracy of the data being generated by the IoT.
In a recent webcast conversation which included UCLA Vice Provost and Manufacturing Leadership Council Board of Governors member Jim Davis, Jim Wetzel of General Mills noted that IoT will allow manufacturers to respond quickly to real time information being generated on the plant floor or in the field. But that opportunity may also expose manufacturers to the risk of making bad decisions more quickly if the data being generated by IoT-enabled devices is inaccurate or incompletely understood, warned Wetzel, General Mills’ Platform Center of Excellence technical director.
“How do you balance the technology with the people and the process?” asked Wetzel who is also chairman of the Smart Manufacturing Leadership Coalition. “We need to solve that,” added Wetzel.
What do you think? Will the IoT generate new pressures to solve data accuracy challenges?
Written by Jeff Moad
Jeff Moad is Research Director and Executive Editor with the Manufacturing Leadership Community. He also directs the Manufacturing Leadership Awards Program. Follow our LinkedIn Groups: Manufacturing Leadership Council and Manufacturing Leadership Summit