12 Jul
2018

3 Lessons from the 2018 McRock IIoT Symposium

A summary of the 2018 McRock IIoT Symposium in Montreal and three take-away lessons on industry 4.0.

Food Manufacturing IIoT
Industry 4.0
IIoT
3 Lessons from the 2018 McRock IIoT Symposium


On June 20, McRock Capital hosted its 2018 IIoT Symposium in Montreal. The annual event brought together leading founders, engineers, investors, CEOs, and partners from BASF Ventures, Cisco Investments, Caterpillar Ventures, GM Ventures, Pitney Bowes, the Toronto Argonauts, and others for a day of exchange on the Industrial Internet of Things. Topics included building the internet of things, global investment trends, market leadership, AI and autonomous systems, and case studies on about the transition to IIoT. 

Here are three take-aways from the symposium. 

1. IIoT: An explosion of connected possibility 


"Devices play are driving the digital economy forward, the Internet of things (IoT) will account for a significant part of this growth. Research firm Business Insider predicts there will be 34 billion devices connected to the internet by 2020, up from 10 billion in 2015." -Shawn Rogers, Senior Director of Analytics Strategy, TIBCO 




 

3 Lessons from the 2018 McRock IIoT Symposium

2. The new economy is a collaborative economy 


IoT guru Maciej Kranz of Cisco describes the new economy as a co-economy—shared and collaborative. The co-economy is inclusive and interconnected and made up of vertical and horizontal partnerships. It features players from other enterprises, regional specialists, start-up companies and employees. Client needs are at the centre.  


 

3 Lessons from the 2018 McRock IIoT Symposium


Infographic source: Maciej Kranz  

 

3. IIoT Recipe for Success: Predictive and Prescriptive


Antonio Pietri, President and CEO of AspenTech says the key inputs for IIoT success are data management, analytics solutions, and domain knowledge and expertise. This cocktail of the predictive and the prescriptive will make for actionable results.      

3 Lessons from the 2018 McRock IIoT Symposium

Infographic source: Aspen Technology

Want to learn more?
Download the ebook
Related blog articles

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
22
Aug 2018

Podcast: What to Expect at IMTS 2018

English
10
Jul 2018

Kick-starting Digital Transformation in IIoT

English
13
May 2019

Will You Be Able to Catch Up to Industry Leaders? - Part 2

English

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
23
May 2024

Exemples de Lean Manufacturing provenant des principaux leaders de l’industrie

La mise en œuvre du Lean Manufacturing peut vous apparaître comme un défi colossal. En regardant ce que les meilleurs ont accompli en appliquant les principes du Lean Manufacturing, vous serez à la fois inspirés et motivés.

French
25
Apr 2024

How to Analyze Throughput Rate

Throughput rates are an important measure of factory performance. Not only does throughput indicate whether the factory can meet customer demand, but it's also an indicator of overall plant efficiency.

English
15
Apr 2024

Les meilleurs outils d’amélioration continue pour les entreprises manufacturières œuvrant dans le secteur agroalimentaire

Dans le paysage concurrentiel du secteur agroalimentaire, la mise en œuvre de méthodologies d'amélioration continue n'est pas seulement un choix : c'est une nécessité pour rester compétitif.

French