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Third Industrial Revolution Consulting Group<br />

Smart IoT Integration<br />

Smart Industry is a new stage of organization and control of the entire value chain of the<br />

lifecycle of products. This lifecycle will increasingly be determined by individual customer<br />

preferences and will extend from the idea, the development and production, the delivery of the<br />

product to the end client, the recycling stage, and all relevant services.<br />

All members of the working group agreed that their business environment is increasing in<br />

complexity year by year. Having the right product at the right time is becoming more and more<br />

complex. Customers are constantly challenging companies and require them to be more and<br />

more flexible.<br />

Smart Industry bears the potential to revolutionize supply chains. We are unable to imagine<br />

today what the possibilities will be over the coming years. We believe that we are just at the<br />

beginning of this process.<br />

The driver for this revolution is the Internet. The Internet has transformed our world in a way<br />

that hardly any other technology has done in the past. Information is at our fingertips and<br />

accessible anytime from everywhere. This was the foundation for social media.<br />

Web 2.0 made it possible for mankind to be connected in real time in a many-to-many format.<br />

Now we will be able to add things or objects to this network. These things will become<br />

autonomous actors. We refer to this evolution commonly as the Internet of Things or Internet<br />

of Services. It is important to understand that beyond the connection of objects we will be able<br />

to add an application layer that will allow computers to recognize and sort the contextual<br />

importance of information.<br />

The basis for all of this is the availability of all relevant information in real time through the<br />

connection (network) of all instances (machines, people) which are part of the value chain. In<br />

addition, the system and the “system of systems” will have the capability to determine the<br />

optimum flow of value creation through the analysis of the data.<br />

Through the connection of people, objects and systems, dynamic self-organizing cross<br />

organizational value chains will emerge. These value chains will be able to optimize in terms of<br />

costs, availability and resource consumption. We are moving from a centralized to a distributed<br />

form of plant planning and control. We are not referring to new production techniques i.e.<br />

additive manufacturing. We are referring to a totally new organizational framework. Innovative<br />

production techniques will be integrated into this new framework but they do not represent<br />

the point of origin.<br />

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