Industrial Internet Consortium Publishes White Paper on Digital Transformation

Guidance to help organizations achieve better business outcomes.

Guidance to help organizations achieve better business outcomes.

The Industrial Internet Consortium (IIC) announced the publication of the “Digital Transformation in Industry White Paper.” This new white paper focuses on digital transformation in industry and the role innovation processes play in it. It also covers the disruptive technologies that transform the way companies operate, service and maintain equipment. The white paper is designed as a guide that business managers, technology managers and risk, security and safety managers can use to develop business models, leverage key technologies and determine the level of trustworthiness they will need as they begin their digital transformation journey. 

 

“Digital transformation is the next disruptive wave hitting industry. With this publication, we have described the key technologies that underpin digital transformation and the first steps for any enterprise looking to deploy them,” says Jim Morrish, founding partner of Transforma Insights and co-chair of the IIC Digital Transformation Working Group.

Digital transformation initiatives fall into three categories: 

  • New business models—entails an enterprise transforming to offer a substantially changed service to technology users, often associated with new ways of charging for services 
  • Enterprise operations—focuses primarily on increasing the efficiency (or reducing the cost, or risk) of providing products and services to technology users 
  • Customer experience—focuses on changing the customer experience in absence of other changes. These projects tend to center on generating new service revenues or providing new services to customers, particularly field services.

“Digital transformation is a business strategy with the objective to improve business and industrial models and create new ones,” says Bassam Zarkout, founder of IGnPower and co-chair of the IIC Digital Transformation Working Group. “Digital transformation is not a project. It is strategy led by a vision and powered by a committed program, which may involve multiple IIoT projects.”

The white paper covers a wide range of technologies that can enable digital transformation, such as: 

  • Edge Technology    
  • Hyper Connectivity    
  • Data Security    
  • Artificial Intelligence and Analytics    
  • Digital Twin    
  • Distributed Ledger    
  • Human-Machine Interface    
  • Additive Manufacturing    
  • Data Sharing    
  • IIoT    
  • Autonomous Robotic Systems    
  • Innovation at the IT/OT Boundary    
  • Micropower Generation–Energy Harvesting    
  • Servitization
  • Technical Platforms for New Business Models and Payment Methods

The IIC members who wrote the Digital Transformation in Industry White Paper include: Morrish, Transforma Insights; Zarkout, IGnPower Inc.; Marcellus Buchheit, Wibu-Systems; Alex Ferraro, PwC; Chaisung Lim, Korea Industry 4.0 Association and Shi-Wan Lin, Yo-i Information Technology. The white paper can be found on the IIC website here.

IIC is offering a free webinar, “Digital Transformation—The Next Disruptive Wave Across Industries,” which runs on September 15, 2020 at 11 a.m. EDT, 8 a.m. PDT.

Sources: Press materials received from the company and additional information gleaned from the company’s website.

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