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The Impact of Connectedness on Competitiveness

Creating Business Value From Operational Insight Driven by the Industrial IoT

The Impact of Connectedness on Competitiveness is a groundbreaking research initiative that seeks to understand the business value created by the Industrial Internet of Things. By engaging with manufacturers, plant operators, infrastructure managers, transportation providers and others, the initiative seeks to understand where these businesses are in adoption and planning for IIoT. It seeks to identify best practices and successes in building and using IIoT applications and benchmark the degree to which smart operational management is enabling new business models, reducing risk and maximizing uptime, safety, comfort, and output, as well as furthering efficiencies and cost reductions.

In a recent BPI Network Study, respondents felt that the Internet of Things, along with Big Data Analytics and Collaborative Design and Development Tools, would be the largest drivers of innovation within the enterprise over the next two years.

The goal of the initiative is to substantiate the premise that enterprise connectedness with and among strategic audiences can impact a company’s ability to compete more effectively and produce greater business value. Through qualitative and quantitative research led by the Business Performance Innovation (BPI) Network, Chief Marketing Officer (CMO) Council and Penton IoT Institute, this initiative seeks to gain insights into where and how connected systems, embedded sensors and real-time data streams are contributing to greater situational awareness, predictive troubleshooting, operational alignment, business continuity, supply chain performance, and industrial productivity. We will also determine how connectedness is impacting the incidence, timeliness and relevance of interactions among key stakeholders – customers, employees, channel, developers, suppliers, investors, opinion leaders, regulators, and others.

This initiative is led by the BPI Network and CMO Council in partnership with Penton, an innovative information services company that empowers nearly 20 million business decision makers in markets that drive more than 12 trillion dollars in purchases each year. Collectively, the CMO Council and BPI Network reach over 200,000 decision makers and have affiliates and content syndication partners that reach some 75 million business buyers through 15,000 trade publishing sites, association channels, online communities and blogs. 

For sponsorship opportunities, please contact Sally Lopez at slopez@bpinetwork.org

Reports

The Impact of Connectedness on Competitiveness
A landmark BPI Network study exploring the impact of the Industrial Internet of Things (IIoT) on transforming business and industrial performance, delivering significant improvements in operational efficiency and uptime, and achieving growth from new business models, products, services and customer experiences.
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Leaders

Ronny Fehling
Vice President & Head of Data Driven Technologies and Advanced Analytics CoC
Airbus Group
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Peter Trebilcock
Director of Design and Building Information Modeling(BIM)
Balfour Beatty
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Iain Treacy
CIO
CNH Industrial
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Media Coverage

June 6, 2017 - Global Executives’ Perspective: Key Benefits of the Industrial Internet of Things Technologies
IIoT World, IIoT World
The Industrial Internet of Things (IIoT) is already changing how companies operate. In 2015, Control Engineering published an article about the benefits of IIoT, mentioning that Industrial IoT technologies used in monitoring valves in a refinery saved more than $3 million annually due to timely detection and repair of faulty valves.  Read more »

June 6, 2017 - A New BPI Report: Only 1.5 % of Large Companies Have a Clear vision for IIoT
IIoT World, IIoT World
Many companies are unprepared for the Industrial Internet of Things (IIoT), according to a new study just released by the Business Performance Innovation (BPI) Network. The study also suggests that large-scale integrators and other channel partners will be among the biggest IIoT beneficiaries over the next several years. They will likely play a significant role in planning and implementation for many companies. Read more »

June 5, 2017 - Approximately 350 000 current cybersecurity openings in US and a big demand for IIoT specialists
Carol Rudinschi, IIoT World
A a report focused on IIoT published by the BPI Network, highlights perspectives from 350 global IoT leaders, as well as detailed insights from 15 leading executives across industries most greatly impacted by the Industrial IoT revolution, including aerospace, agriculture, manufacturing, transportation and automotive, and construction.  Read more »

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Facts & Stats

General Electric predicts investment in the Industrial Internet of Things (IIoT) is expected to top $60 trillion during the next 15 years. (Source)

Bain predicts that by 2020 annual revenues could exceed $470B for the IoT vendors selling the hardware, software and comprehensive solutions. (Source)

McKinsey estimates the total IoT market size in 2015 was up to $900M, growing to $3.7B in 2020 attaining a 32.6% CAGR. (Source)

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Articles

June 1, 2017 - CEO Insights: Four major challenges in protecting ICS from cyber attacks
IIoT World
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June 1, 2017 - CEO Insights with Dr. Ulrich Lang: Customers are not aware yet of ICS security risks that IIoT Apps bring
IIoT World
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June 1, 2017 - CEO Insights: IIoT makes old equipment tell customers new things with the use of proper sensors
IIoT World
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White Papers

Security and Privacy in the Age of IoT
The primary goal of the Internet of Things (IoT) is to provide better, more efficient experiences for consumers, citizens and businesses. With innovation comes an increased need for security. As the industrial sector steps into unknown territory of implementing enterprise level IoT solutions, there are opportunities to efficiently and effectively mitigate potential risks associated with the new technological capabilities. Security and privacy in the age of IoT are of utmost importance to industrial leaders, and IT specialists are responding with effective and actionable recommendations.  Read more »

Pragmatic Approach to Big Data
The explosion of e-commerce, devices, wearables, web usage and mobile apps in the past decade led to exponential growth in the amount of data businesses collect. The sheer amount of data can be overwhelming: 2.5 quintillion bytes are created every day. To put this into perspective, 90 percent of all the data in the world was created in the last two years. Businesses often know they have “big data” but want help understanding what it means and how they can utilize it to improve their business. They’re often looking for a way forward; a pragmatic process for learning from big data that provides useful and actionable insights.  Read more »

The Truth Behind Digital Transformation
Digital transformation has come to the forefront in recent business news, the increased exposure has caused its meaning to become convoluted and misrepresented. Contrary to common perception, digital transformation is not a one-and-done project; it is an ongoing, strategic, company-wide culture shift that lays the groundwork for growth and success. Digital transformation requires a unified and integrated approach — starting with alignment at the top — and a management approach that favors organization-wide goals over siloed departmental initiatives. It’s a team effort and it takes time. Read more »

Sponsor

The Nerdery
The Nerdery is a hivemind of software engineers, strategists, human-centered designers and problem solvers who push boundaries to create digital products, services and experiences that better people’s lives and drive business outcomes. Headquartered in Minneapolis with offices in Chicago, Kansas City and Phoenix, The Nerdery’s core services are mobile applications, web applications, websites, systems integration and digital consulting. Founded by three programming pioneers in 2003, The Nerdery has made Inc. Magazine’s list of fastest growing private companies for the past nine consecutive years. The Nerdery was built on the belief that passionate Nerds are the driving force behind business breakthroughs. 
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Partner

CMO Council
The Chief Marketing Officer (CMO) Council is dedicated to high-level knowledge exchange,thought leadership and personal relationship building among senior corporate marketingleaders and brand decision-makers across a wide-range of global industries. The CMOCouncil’s 16,000+ members control more than $1 trillion in aggregated annual marketingexpenditures and run complex, distributed marketing and sales operations worldwide. Intotal, the CMO Council and its strategic interest communities include over 65,000 globalmarketing and sales executives in over 110 countries covering multiple industries, segmentsand markets. Regional chapters and advisory boards are active in the Americas, Europe,Asia Pacific, Middle East and Africa. The Council’s strategic interest groups include theCustomer Experience Board, Digital Marketing Performance Center, Brand InspirationCenter, Marketing Supply Chain Institute, GeoBranding Center, and the Coalition to Leverageand Optimize Sales Effectiveness (CLOSE). To learn more, visit www.cmocouncil.org.
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Blogs

IIoT World™ IIoT World™ is the first Global Digital Publication dedicated 100% to Connected Industry, Industrial Internet of Things, Industry 4.0. Our associates are handpicked with one characteristic in mind: digital transformation DNA and draw from the insights, hands on experience of the world’s best newsrooms & industrial enterprises to deliver content and coverage across a wide range of industry categories.    IIoT World™, a minority owned business, was started in 2016 by Carolina Rudinschi, PhD & Lucian Fogoros. Visit blog »

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Books

Precision: Principles, Practices and Solutions for the Internet of Things
Dr. Timothy Chou has created Precision to introduce us to the basics of the Internet of Things (IoT) for the enterprise. The first part Precision: Principles and Practices introduces a vendorneutral, acronymfree framework. Dr. Chou then discusses the framework's fundamental principles and these principles put into practice. The second part Precision: Solutions puts Dr. Chou's IoT framework into practice highlighting 12 real world solutions for manufacturers who are building precision machines and companies utilizing these machines to receive precision enhanced business outcomes.
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Building the Internet of Things: Implement New Business Models, Disrupt Competitors, Transform Your
Building Internet of Things provides front-line business decision makers with a practical handbook for capitalizing on this latest transformation. Focusing on the business implications of Internet of Things (IoT), this book describes the sheer impact, spread, and opportunities arising every day, and how business leaders can implement IoT today to realize tangible business advantages. The discussion delves into IoT from a business, strategy and organizational standpoint, and includes use-cases that illustrate the ripple effect that this latest disruption brings; you'll learn how to fashion a viable IoT plan that works with your organization's strategy and direction, and how to implement that strategy successfully by integrating IoT into your organization tomorrow.
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Winning the Digital Gamble: 5 Disruption Levers to Jump Start Your Enterprises' Relevancy
The Fourth Industrial Revolution represents brand new opportunities for enterprises to imagine ways in which technology embedded in new products or services permeates society and drastically improves business outcomes. In this book, we introduce the concept of “Smart Services” led digital disruption. Smart Services are built around Internet of Things and the enterprise ability to interpret data. The challenging part is knowing where to start, how to execute, and being able to prioritize and gain consensus within your organization for a successful digital transformation. In today’s digital economy the market is a lot less forgiving because of the speed at which change is happening, and the speed at which consumers expect more. As a result, digital transformations are a lot more complicated and the stakes are much higher…this is the digital gamble.
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