Internet of Industrial Things (IoIT) to Initiate Global Manufacturing Renaissance
Impact of Industry 4.0 and the IoIT on the manufacturing industry a key theme during Frost & Sullivan's GIL 2015: Germany
FRANKFURT, Germany, Oct. 14, 2015 /PRNewswire/ -- 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 Internet of Things. 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.
To receive a brochure and to attend the conference, please contact Katja Feick on [email protected].
"Frost & Sullivan believes that in the journey towards realizing Industry 4.0, the idea of the Internet of Industrial Things (IoIT) will form the technological basis for a global manufacturing renaissance," says Practice Director for Industrial Automation and Process Control, Muthukumar Viswanathan, from Frost & Sullivan. "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 EUR 420 billion 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 Frost & Sullivan Principal Consultant Olivia Price-Walker and Senior Partner Sarwant Singh, 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 organized in honor of companies in various industries for demonstrating superior performance.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including research, analysis, strategy, vision, innovation, and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360-degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?
Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Contact:
Katja Feick
Corporate Communications – Europe
P: +49 (0) 69 / 77 0 33 43
E: [email protected]
Twitter: @Frost_Sullivan
Facebook: FrostandSullivan
SOURCE Frost & Sullivan
Share this article