Already impacting other industries from retail to transport, digitalization’s impact on the manufacturing industry has been slower. As manufacturers begin to invest, the paybacks can be significant, but the challenges can also be many.
This presentation will introduce findings from discussions with end-users that have rolled out IIoT projects, highlighting lessons learnt (both good and bad) and providing “best-practice” tips to the implementation of transformational technologies. Some of the key points addressed include:
•What are the potential returns on investments (ROI’s) that have been achieved
• How are different industries are applying Industrial IoT technologies
• Common challenges in introducing analytics-based solutions
Senior Principal Analyst, Industrial Technology, IHS Markit
Alex West leads Industrial IoT and Industry 4.0 research at IHS Markit.
As part of the Manufacturing Technology group, Alex tracks the impact of transformative technologies on the industrial sector. This includes analysis of both end-user trends and requirements, as well as market sizing analysis, and vendor and ecosystem solutions. He has over fifteen years of experience tracking the development of manufacturing technologies, including industrial connectivity, machinery and automation. He is also a regular speaker at industry events, trade shows and conferences worldwide.
Alex holds a Bachelor of Science (Honours) in physics from the University of Bath, United Kingdom.