Hoping to maximize interoperability, portability, security, and privacy for the industrial internet, the Industrial Internet Consortium (IIC) and the Manufacturing Enterprise Solutions Association (MESA) International signed a memorandum of understanding (MoU) to advance their shared interests. Under the agreement, the IIC, a leading organization accelerating the Industrial Internet of Things (IIoT), and MESA, a not-for-profit organization comprised of manufacturing companies and information technology suppliers, will partner to better understand the business value of IIoT and communicate that to the broader industry.
“This partnership makes good business sense, with the Industrial Internet Consortium advocating for the broad adoption of industrial Internet technologies and with MESA educating manufacturers and solution providers of all sizes on both how and why to adopt them,” said president of MESA, Mike Yost in a written statement. “Collaborating with the IIC also helps ensure MESA members and IIC members have a common vocabulary and a common understanding of business value.”
Joint activities between the IIC and the MESA include:
- Identifying and sharing IIoT best practices
- Realizing interoperability by harmonizing architecture and other elements
- Collaborating on standardization
- Collaboration in the areas of industrial analytics and asset performance management (APM)
But what advantages does all of this bring?
“There are a number of joint activities between IIC and MESA in the area of IIoT such as sharing best practices, harmonizing architectures, and collaborating on standardization,” Industrial Internet Consortium Liason Working Group chair, Wael Diab, told EBN. “In addition, the MoU calls out for collaboration in the areas of industrial analytics and asset performance management (APM).”
The IIC Liaison Working Group (LWG) is the gateway for formal relationships with standards and open-source organizations, consortia, alliances, certification, and testing bodies and government entities/agencies. The agreement with the MESA is one of a number of agreements made by the IIC’s Liaison Working Group.
The convergence of IT and OT is fueling the IIoT revolution and has created tremendous opportunity. The global industrial IoT market is on track to reach $933.62 billion by 2025, according to a recent report by Grand View Research. That represents a compound annual growth rate (CAGR) of over 25% on a market that exceed $100 billion in global sales in 2016.
However, Diab believes that from an industry perspective, the breadth of organizations involved in the various components of IIoT can be overwhelming to navigate for electronics manufacturers, suppliers, and distributors. Further, certain market factors may slow growth. “The major factors challenging the market growth are the lack of a defined protocol or standardization and use of old equipment,” Grand View said. “Security-related concerns, associated with big data, are also expected to limit the market growth.”
“One of the areas that IIC has focused on is building coalitions to address such challenges in the Industrial IoT ecosystem,” Diab said. “The LWG within IIC facilitates external interactions with the goal of building relationships for IIC. The LWG builds and coordinates collaborative, working relationships inclusive of government organizations, industry alliances, formal standards development organizations, and open source industry organizations.”
Within the manufacturing vertical, industrial analytics and asset intelligence systems enable manufacturers to realize the value of their IIoT systems by allowing them to analyze and act on data to increase reliability and availability and reduce maintenance on manufacturing equipment, according to Diab. The technology also has the potential to reduce costs, increase productivity, automate process, and speed time-to-market, Grand View side. Further, the increasing affordability of is making data collection and analytics more affordable than ever.
MESA and the IIC have agreed to meet regularly to exchange information and have targeted a joint workshop on industrial analytics and asset performance management for Q4.