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.


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.
Choosing controllers: PLCs, PACs, IPCs, DCS? What's best for your application?; Wireless trends; Design, integration; Manufacturing Day; Product Exclusive
Variable speed drives: Smooth, efficient, electrically quite motion control; Process control upgrades; Mobile intelligence; Product finalists: Vote now; Product Exclusives
Machine design tips: Pneumatic or electric; Software upgrades; Ethernet advantages; Additive manufacturing; Engineering Leaders; Product exclusives: PLC, HMI, IO
This article collection contains the 5 most referenced articles on improving the use of PID.
Learn how Industry 4.0 adds supply chain efficiency, optimizes pricing, improves quality, and more.

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

Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Pipeline vulnerabilities? Securing hydrocarbon transit; Predictive analytics hit the mainstream; Dirty pipelines decrease flow, production—pig your line; Ensuring pipeline physical and cyber security