ABB is joining the Industrial Internet Consortium, a group of more than 100 companies, organizations and universities working to accelerate growth of the Industrial Internet by identifying and promoting best practices and robust standards.
ABB will join the IIC starting in 2015 to foster collaboration among technology companies as they seek to establish global standards for the Industrial Internet. ABB will work with others to ensure that end users reap the benefits it promises: improved efficiency, reduced costs and higher revenue.
“This gives us more opportunities to influence what is happening in the development of the Industrial Internet,” said Claes Rytoft, ABB chief technology officer. “The Industrial Internet holds incredible promise to transform manufacturing, energy and resource industries.”
The Industrial Internet reflects the accelerating application of sensors, software and improved communication technology, allowing engineers to leverage enormous volumes of data from industrial systems to boost efficiency.
The Industrial Internet is at the core of Industry 4.0, Germany’s initiative for increased computerization of manufacturing. ABB has actively contributed to the creation of the Industry 4.0 vision and is actively working towards implementation of this ambitious undertaking.
“The Industrial Internet is transformational – it changes the way we work,” said Richard Soley, executive director of the Industrial Internet Consortium. “The Industrial Internet presents new opportunities for cost savings, energy savings and other efficiencies.”
Today, evolving communication technology and lower sensor costs, combined with higher performance of computers, offer new opportunities to collect, evaluate and integrate even more information from industrial facilities to boost efficiency, fine-tune maintenance and trim energy costs.
“The Industrial Internet makes it possible to collect and integrate much more information than we ever have before,” Rytoft said. “The question is, what will that lead to going forward? It’s still a bit early to say, but there are many exciting opportunities.”
