How Industrial IoT & AI is fostering collaboration to deliver ROI
Virtual Conference sponsored by Siemens
September 29, 2022
9:00 AM (ET)
About the Event:
Bridging the gap between AI and IIoT is key to the industrial future. Therefore, industrial companies must collaborate to forge vital collaboration and partnerships between Industrial Internet of Things (IIoT) developers and AI experts.
Data-intensive technologies such as VR / AR, AI, machine learning, etc., will require suitable connectivity technologies to provide time-critical, cost-efficient data collection from IoT across manufacturing environments and the supply chain.
According to our HBR pulse survey, 80% to 90% of respondents can’t accurately measure ROIs for their initiatives. (1) Some companies even start initiatives or projects without a proper business case. Unsurprisingly, failure rates of digital transformation initiatives lie in the range of 60% to 85%, according to a Siemens white paper. The good news is that those that measure returns are seeing relatively quick paybacks.
Key Talking Points
• How to align business and technology to capture value at scale
• Top Industrial IoT use cases that businesses can leverage to become more efficient
• The power of an ecosystem in the IIoT space
• How to accurately calculate the ROI of IoT initiatives
• Key recommendations
Raymond Kok is a Senior Vice President at Siemens Digital Industries Software. In his role leading the Cloud Application Solutions business segment, he is responsible for our MindSphere Industrial IoT and Mentor Embedded software offerings. MindSphere is the Industrial IoT as Service solution from Siemens that connects real things,
Jay McBain is an accomplished speaker, author and innovator in the IT industry. Named 2021 Channel Influencer of the Year by Channel Partners Magazine, Top 40 Under Forty by the Business Review, Channel A-List by CRN, Top 8 Thought Leader by Channel Marketing Journal, Top 20 Visionary by ChannelPro,
(1) “Accelerating the Internet of Things Timeline,” Harvard Business Review Analytic Services, Pulse Survey, 05/2019