2014 ARC Industry Forum: The information-driven enterprise

Andy Chatha, president of the Arc Advisory Group, opened day 2 with remarks on the forum’s theme, “Industry in transition: The information-driven enterprise,” focusing primarily on the Internet of Things, cyber security, and interconnectedness.

02/12/2014


Andy Chatha, president of the Arc Advisory Group, opened day 2 of the 2014 ARC Industry Forum with remarks on the forum’s theme, “Industry in transition: The information-driven enterprise.” He addressed the importance of the Internet of Things (IoT), discussing interconnectedness and the challenges of implementing an IoT strategy – cybersecurity, in particular.

Here are some key points from Chatha's opening remarks:

  • This year's ARC Industry Forum boasts more than 160 speakers and panelists. It's the largest forum to date.
  • Systems, information, things, people are connected by processes that help with business transformation. The IoT uses intelligent assets, devices, products or machines, data communications and infrastructure, analytics and software, people, processes, and systems. Most IoT building blocks are already in place.
  • Cyber security is the biggest concern on everyone's minds. Other challenges include technology standardization, intellectual property (IP) ownership, and social and political complexities. Challenges are growing quickly as more devices become more connected.
  • Why connect? Value benefits are many: Performance improves with less downtime and predictive maintenance, information sharing internally and externally, collaboration for better problem solving, and lower asset lifecycle costs.
  • IoT provides a platform for innovation where customers pay for value not for products. Collaboration with suppliers increases to meet needs. For asset suppliers, field service is more productive with ability to fix problems remotely. Customers are better served, resolving problems more quickly, lower warranty costs, improve customer satisfaction.
  • IoT Consortium in Europe has an architecture reference model.
  • The connected plant shares information more quickly by putting it in cloud-based services. Data portions can be shared with product or service providers.
  • Some suppliers offer dual interfaces for the plant network and infrastructure, such as asset management systems. Connecting measurements to the control system is expensive. Sharing information with asset suppliers can eliminate downtime and lower costs. 

Click here for more CFE Media coverage of the 2014 Arc Industry Forum.

-Mark T. Hoske and Jordan M. Schultz, content managers, CFE Media, Control Engineering, and Plant Engineering, mhoske(at)cfemedia.com, jschultz(at)cfemedia.com.



No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
Water use efficiency: Diminishing water quality, escalating costs; Lowering building energy use; Power for fire pumps
Building envelope and integration; Manufacturing industrial Q&A; NFPA 99; Testing fire systems
Labs and research facilities: Q&A with the experts; Water heating systems; Smart building integration; 40 Under 40 winners
Maintaining low data center PUE; Using eco mode in UPS systems; Commissioning electrical and power systems; Exploring dc power distribution alternatives
Protecting standby generators for mission critical facilities; Selecting energy-efficient transformers; Integrating power monitoring systems; Mitigating harmonics in electrical systems
Commissioning electrical systems in mission critical facilities; Anticipating the Smart Grid; Mitigating arc flash hazards in medium-voltage switchgear; Comparing generator sizing software
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.