What are the next steps for IoT and Industry 4.0?

Industry experts all agree that Industry 4.0 and digitalisation provide enormous economic potential. IT provides the technological basis for this, because the availability of data opens up new business models. “The performance of a machine will be the offer in the future. This will create new opportunities for companies to reposition,” stated Stephan Noller, Vice President of BVDW (Bundesverband Digitale Wirtschaft).

Important task for IT vendors and users
Keyword digitalisation: Large companies do it, and there is an enormous pent-up demand for it in many small and medium-sized enterprises (SMEs). This creates an important task for IT providers and users at the same time.

Especially small and medium-sized companies have to stop fearing it. It is a management responsibility, but also a task for companies as a whole to promote the topic of digitalisation, because all employees must be included in this change process.

The future prospects are positive. According to the study Internet of Things 2017 by IDG Research Services, 57% of companies want to invest significantly more in IoT over the next few years. The study was presented exclusively within the context of the IT2Industry.

Industry 4.0 and digitalisation will be successful when companies generate new business ideas from data. The most important prerequisite: “The main task is to make infrastructure secure,” Noller explained. Secure data provide a clear competitive advantage.

Networking and partnerships - more important than ever
Machine manufacturers and IT specialists must develop products in collaboration in the future. This means that an exchange between market participants is urgently needed.

“I believe that working and connecting in different networks is incredibly important. As with our own ecosystem, there are a variety of partners and companies with unique perspectives and insights. In this respect, opportunities such as trade fairs and congresses are very attractive. Networking must be brought to the forefront to meet and understand the right partners. A win-win situation can be created for all involved thanks to collaboration,” stated Niklaus H. Waser, Vice President IBM Watson IoT Global EcoSystem, IBM Watson IoT Centre.

Peter Burghardt, Managing Director techconsult, emphasised: “A common basis is important. Consequently, a platform for professional exchange such as IT2Industry brings is extremely significant, because it brings the different worlds together, for example, IT with the 'conventional' engineering world, and enhances dialog between them."

The objective is to create networks and collaborative ventures to master the tasks of digitalisation together. Trade fairs play an important role in this: “Platforms such as IT2Industry are important for IT companies. You can meet the business decision-makers at such events, who need to understand the issues. New initiatives can be created thanks to the stimulating dialog,” Burghardt added.

The next IT2Industry will take place as a topic area in the context of automatica in Munich from 19th to 22nd June 2018. As an international trade fair for intelligent automation and robotics, automatica provides IT companies with direct access to top decision-makers from all sectors of the manufacturing industry.