2014 ARC Industry Forum: The information-driven enterprise

Andy Chatha, president of the Arc Advisory Group, opened day 2 with remarks on the forum’s theme, “Industry in transition: The information-driven enterprise,” focusing primarily on the Internet of Things, cyber security, and interconnectedness.

02/12/2014


Andy Chatha, president of the Arc Advisory Group, opened day 2 of the 2014 ARC Industry Forum with remarks on the forum’s theme, “Industry in transition: The information-driven enterprise.” He addressed the importance of the Internet of Things (IoT), discussing interconnectedness and the challenges of implementing an IoT strategy – cybersecurity, in particular.

Here are some key points from Chatha's opening remarks:

  • This year's ARC Industry Forum boasts more than 160 speakers and panelists. It's the largest forum to date.
  • Systems, information, things, people are connected by processes that help with business transformation. The IoT uses intelligent assets, devices, products or machines, data communications and infrastructure, analytics and software, people, processes, and systems. Most IoT building blocks are already in place.
  • Cyber security is the biggest concern on everyone's minds. Other challenges include technology standardization, intellectual property (IP) ownership, and social and political complexities. Challenges are growing quickly as more devices become more connected.
  • Why connect? Value benefits are many: Performance improves with less downtime and predictive maintenance, information sharing internally and externally, collaboration for better problem solving, and lower asset lifecycle costs.
  • IoT provides a platform for innovation where customers pay for value not for products. Collaboration with suppliers increases to meet needs. For asset suppliers, field service is more productive with ability to fix problems remotely. Customers are better served, resolving problems more quickly, lower warranty costs, improve customer satisfaction.
  • IoT Consortium in Europe has an architecture reference model.
  • The connected plant shares information more quickly by putting it in cloud-based services. Data portions can be shared with product or service providers.
  • Some suppliers offer dual interfaces for the plant network and infrastructure, such as asset management systems. Connecting measurements to the control system is expensive. Sharing information with asset suppliers can eliminate downtime and lower costs. 

Click here for more CFE Media coverage of the 2014 Arc Industry Forum.

-Mark T. Hoske and Jordan M. Schultz, content managers, CFE Media, Control Engineering, and Plant Engineering, mhoske@cfemedia.com, jschultz@cfemedia.com.



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Salary and career survey: Benchmarks and advice; Designing controls; Remote data collection, historians; Control valve advances; Hannover Messe; Control Engineering International
System integration: Best practices and technologies to help; Virtualization virtues; Cyber security advice; Motor system efficiency, savings; Product exclusives; Road to Hannover
Collaborative robotics: How to improve safety, return on investment; Industrial Internet of Things, Industrie 4.0: World views; High-performance HMI, Information Integration: OPC and OMG
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
PLCs, robots, and the quest for a single controller; how OEE is key to automation solutions.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
Special report: U.S. natural gas; LNG transport technologies evolve to meet market demand; Understanding new methane regulations; Predictive maintenance for gas pipeline compressors
click me