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The impact of Industry 4.0 and the Internet of Industrial Things

14th October 2015

Nat Bowers

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The future of manufacturing is defined by the Industry 4.0 paradigm, which will be singularly determined by the design, development and implementation of the IoT. This in turn will give rise to a new market called the Internet of Industrial Things (IoIT), which includes a combination of disparate market participants, starting from the segments of traditional industrial automation to commercial vendors from the ICT space, who hold a strong leverage on digital technologies.

What will be the roadmap of this ongoing transformation? How will suppliers from diverse market environments, collaborate, co-opt and compete in the future of manufacturing?

The impact of the Industry 4.0 paradigm and the development of the IoIT will be one of the key focus areas during Frost & Sullivan’s annual Growth, Innovation & Leadership conference GIL 2015: Germany. Senior industry executives and thought leaders will gather at the Frankfurt Jumeirah Hotel on 17 November 2015 to discuss new business models, supplier ecosystems and technological advancements across industries.

Muthukumar Viswanathan, Practice Director, Industrial Automation and Process Control, Frost & Sullivan, commented: “Frost & Sullivan believes that in the journey towards realising Industry 4.0, the idea of the Internet of Industrial Things (IoIT) will form the technological basis for a global manufacturing renaissance. New applications, solutions and services founded on IoIT redefine, reinvent and recreate the manufacturing setup that we see today. According to our research, the new IoIT supplier ecosystem could reach €420bn by 2020.”

GIL 2015: Germany will facilitate a keynote and Vision Roadmap on the impact of the IoIT. It will also feature keynotes on Women Empowerment in Businesses as well as on the Future of Europe by Olivia Price-Walker, Principal Consultant, and Sarwant Singh, Senior Partner, Frost & Sullivan, who will present current opportunities impacting businesses and industries in European markets.

Further presentations on opportunities in emerging markets Africa and Iran, 360 Degree Industry Perspectives illuminating the status of the automotive, automation as well as lighting industry as well as on convergence in the IT industry will complement a day full of interactive engagement, networking and insights into technological trends and disruptive developments.

The GIL 2015: Germany day journey will conclude with the Frost & Sullivan Excellence in Best Practices Awards Banquet. The black-tie evening gala is organised in honour of companies in various industries for demonstrating superior performance.