Innovation framework and business strategies for IIoT published

The Industrial Internet Consortium (IIC) published the Business Strategy and Innovation Framework (BSIF), which is designed to help enterprises to identify and analyze issues to capitalize on the opportunities emerging within the IIoT.
By Industrial Internet Consortium (IIC) November 17, 2016

The Industrial Internet Consortium (IIC), a member-supported organization that promotes the accelerated growth of the Industrial Internet of Things (IIoT) published the Business Strategy and Innovation Framework (BSIF). The BSIF is designed to help enterprises to identify and analyze issues to help companies capitalize on the opportunities emerging within the IIoT.

The BSIF serves as a reference document for executives in enterprises planning to engage in IIoT concepts. It is a single-source compendium of the issues and challenges enterprises should consider before they deploy IIoT initiatives. The BSIF also details frameworks and concepts designed to help enterprises increase value for users, customers, and partners while helping to reduce market and technical uncertainties.

The BSIF also outlines a set of best practices for companies engaging in IIoT, but companies are free to adopt a lighter touch or use an existing internal project model, especially within smaller companies. Alternatively, a range of project support processes may already be in place and the approach documented in the BSIF may be used to enhance existing infrastructures to address new IIoT opportunities (particularly for larger companies).

Industrial Internet Consortium (IIC)

www.iiconsortium.org

– Edited from an IIC press release by CFE Media. See more Control Engineering IIoT and Industrie 4.0 stories.