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Third Industrial Revolution Consulting Group<br />

IoT-Enabled Prognosis in Industry and Manufacturing<br />

Among the value-added benefits emerging from the Internet of Things (IoT) is the application of<br />

system-level prognostic and predictive science throughout the industrial sectors. Cloud, fog,<br />

edge and distributed computing, 185,186 reliant upon pervasive wireless smart sensor networks<br />

and Big Data analytics and smart algorithms, enables robust operational reliability, enhanced<br />

service life, reduced capital and operating expenditures, and accrued productivity gains by<br />

performing continuous intelligent preventive maintenance, fault detection and diagnosis, asset<br />

management, and rigorous system design.<br />

As recently summed up in Cloud-enabled prognosis for manufacturing, “Advanced<br />

manufacturing depends on the timely acquisition, distribution, and utilization of information<br />

from machines and processes across spatial boundaries. These activities can improve accuracy<br />

and reliability in predicting resource needs and allocation, maintenance scheduling, and<br />

remaining service life of equipment. As an emerging infrastructure, cloud computing provides<br />

new opportunities to achieve the goals of advanced manufacturing. ”187<br />

Classification of Prognosis Methods<br />

Source: Gao et al (2015) 188<br />

185 Mitchell, Gary (2015) Open Fog Consortium to Help Enable Scenarios for the Internet of Things,<br />

themanufacturingconnection.com, December 2015, http://themanufacturingconnection.com/2015/12/openfog-consortium-to-help-enable-scenarios-for-the-internet-of-things/.<br />

186 Enescu, Michael (2014) “From Cloud to Fog & The Internet of Things” LinuxCon, Chicago,<br />

http://www.slideshare.net/MichaelEnescu/michael-enescu-keynote-chicago2014fromcloudtofogandiot.<br />

187 Gao, R., L. Wang, R. Teti et al. (2015) Cloud-enabled prognosis for manufacturing, CIRP Annals - Manufacturing<br />

Technology, http://dx.doi.org/10.1016/j.cirp.2015.05.011<br />

188 Ibid., Gao et al. (2015)<br />

221

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