IoT is the most adopted technology in the manufacturing sector in Asia Pacific exclusing Japan (APeJ) region among what IDC calls the "Innovation Accelerators". The other technologies that accelerate innovation are robotics, 3D printing, natural interfaces, cognitive systems and security. In the most recent study conducted by IDC Manufacturing Insights in APeJ, more than 55% of the respondents are at various stages of IoT adoption, closely followed by next generation security. But the areas of application of IoT are generic in nature, for remote monitoring and management of assets for tracking safety, security, utilization and maintainability. 'Connected products' are quickly catching up.
IDC Manufacturing Insights recently published a Perspective that analyzes National Instruments' (NI's) IoT journey so far and future plans and opportunities. NI is a leading player in the niche market of testing, measurement, and control systems for laboratory and related industrial equipment. NI's relatively recent entry into IoT is an interesting journey given its unique legacy as a technology enabler in this large market and its related set of offerings.
Within IoT, NI sees two broad segments — i) consumer products and ii) industrial Internet, the second being the area of focus for NI. This is being addressed by expanding beyond the traditional core strength of "Test and Measurement" into a more specific IoT-related area of "Embedded Monitoring and Control." This strategy for expansion is keeping in line with the company's focus as a player in legacy engineering and control systems.
NI's vision for the fifth decade in its 38-year journey is to move out of just labs and shop floors from its current fourth decade of "Platform-Based Design" to its fifth decade of "Enterprise-Level Systems." IoT will be an added functionality to existing product capabilities as well as new products and services with partners in areas such as storage, networking, and analytics. For this, NI is playing a vital role as part of IoT consortiums, helping in the development and being part of industry-level interoperable
standards. IBM and NI announced a partnership in the media today to create a new test bed to deploy and test standardized interoperable IoT offerings.
NI's wide installed base spread across 35,000 diverse companies globally with each having multiple labs will be a unique opportunity to capitalize for the IoT expansion. IoT is an emerging market that has received recently the attention of both IT executives and functional leadership across industries including manufacturing. Traditional players such as NI, which already have a significant installed based in "connecting" products in labs and the shop floor using sensors and instruments, can leverage the growing opportunity to take their offerings to the next level for 'connected products' and new business models such as products-as-a-service.
This blog is a short version of the IDC Manufacturing Insights Perspective published recently.
Link for full version: http://www.idc.com/getdoc.jsp?containerId=IN251079