AR Smart Glasses and the Industrial IoT
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Pete Wassell discusses how augmented reality smart glasses and the industrial internet of things can improve industrial operations. Industry 4.0 leverages cyber-physical systems like sensors and big data analytics to improve communication between machines and workers. This allows workers to get predictive maintenance alerts and inspection guidance to increase efficiency. Implementing AR smart glasses can boost productivity by 25% in warehouses and reduce error rates by 44% in assembly. The global market for industrial IoT is estimated to reach $110 billion by 2020 and $123 billion by 2021, improving productivity and savings opportunities for companies.
AR Smart Glasses and the Industrial IoT
- 1. AR Smart Glasses and the Industrial IoT #AWE2017 @augmate
- 2. Executive Summary AR Smart Glasses and the Industrial IoT • Speaker: Pete Wassell • Title: AR Smart Glasses and the Industrial IoT • Synopsis: Industry 4.0 presents a unique opportunity for machines and humans to communicate with each other. We are seeing a combination of technologies at the edge of IoT where human workers are getting predictive maintenance notifications and alerts for better operations in manufacturing. The convergence of machine sensors, big data, and artificial intelligence tied to AR Smart Glasses creates an augmented worker needed for this next industrial revolution. Companies will see unprecedented efficiency gains with digital transformation in this sector. #AWE2017 @augmate
- 3. Agenda AR Smart Glasses and the Industrial IoT #AWE2017 @augmate • Industrial Revolutions • The Beginnings of IoT / Birth of Industry 4.0 • Industry 4.0 Enablers • Market Research: AR Smart Glass / IoT Intersection • Forecasted Volumes of Smart Glasses in the Enterprise • IoT Software Platform Leaders • Industrial 4.0 Key Findings • IIoT Country Preparedness: NAC Score • Company ROI Opportunities • Use Cases in the Value Chain – Three Slides: Supply, Assembly Inspection, Field Maintenance • Size of Market Opportunity 2020-2030 • Impact on Jobs and the Workforce • Augmate Value Proposition • Augmate IoT Starter Kit / Gateway Solution
- 4. Industrial Revolutions – Why are we on the Fourth? AR Smart Glasses and the Industrial IoT #AWE2017 @augmate First: production mechanization using water and steam power. Second: mass production (Henry Ford often cited as the innovator) . Third: digital revolution (e.g., machine tool numerical control, programmable logic controllers, direct digital control, and enterprise resource planning) . Fourth: Industry 4.0 leveraging cyber-physical systems, embedded computing, Internet of Things technologies.
- 5. The Beginnings of IoT / Birth of Industry 4.0 AR Smart Glasses and the Industrial IoT #AWE2017 @augmate 1999: Kevin Ashton (Auto-ID Center at MIT) coins “Internet for things” 2006: The Industry 4.0 initiative started as one part of a 10-point high-tech German strategic plan. 2010: The German cabinet decided to continue the strategy by introducing the High-Tech Strategy 2020 initiative focusing the country’s research and innovation policy on selected forward-looking projects related to scientific and technological developments over ten to fifteen years. 2013: The Global Standards Initiative on Internet of Things defined the term as “the infrastructure of the information society.”
- 6. Industry 4.0 Enablers AR Smart Glasses and the Industrial IoT #AWE2017 @augmate + Inexpensive Sensors + Computing Power + Large Storage Capacity + Data Analytics + Networking Ability = Industry 4.0
- 7. Market Analysis: AR Smart Glass Role in Industry 4.0 AR Smart Glasses and the Industrial IoT #AWE2017 @augmate McKinsey & Company: Human-machine interaction via augmented reality devices is one of four main clusters of manufacturing disruption technologies. Deloitte Digital: Exponentially growing technologies like Google Glass will be the key to the transformation to industry 4.0 Boston Consulting Group: Augmented Work, Maintenance, and Service is one of ten use cases that show the effects of Industry 4.0 on the workforce. Pricewaterhouse Coopers: Augmented Reality will empower more than 110 million desk-less workers worldwide.
- 8. Forecasted Volumes of Smart Glasses in the Enterprise 8.8M smart glasses in the enterprise over next 5 years. 264 different jobs will benefit from smart glasses which is 8% of the entire workforce! Source: Forrester #AWE2017 @augmate
- 9. IoT Software Platform Leaders AR Smart Glasses and the Industrial IoT #AWE2017 @augmate Key Takeaways: Forrester’s research uncovered a market in which IBM, PTC, GE, and Microsoft lead the pack. AWS, SAP, and Cisco Jasper offer competitive options. Forrester ranked PTC’s ThingWorx® platform with the highest available scores according to fifteen criteria, including ‘connect functions’ and ‘advanced analytics. 4Q 2016
- 10. McKinsey & Company Key Findings on Industry 4.0 AR Smart Glasses and the Industrial IoT #AWE2017 @augmate • Companies expect Industry 4.0 to increase revenues by 23 percent Companies expect Industry 4.0 to increase productivity by 26 percent • 80 percent of companies expect Industry 4.0 to impact their business model. • Typically, predictive maintenance decreases the total machine downtime by 30 to 50 percent and increases machine life by 20 to 40 percent. • 92 percent of Industry 4.0 suppliers expect Industry 4.0 to have an impact on their business model • 74 percent of manufacturers expect Industry 4.0 to have an impact on their business model
- 11. Source: & NAC Score shows those more likely to reap the rewards of IIoTAR Smart Glasses and the Industrial IoT #AWE2017 @augmate NAC Index which shows the potential for economic diffusion of the IIoT in a given country. Nations in higher positions on the index are more likely to reap the rewards of IIoT diffusion.
- 12. Multiple ROI Opportunities for Industry Smart Glasses Provide Real Value Across Multiple Use Cases, Augmate’s management platform helps enterprises deploy fleets of Smart Glasses! Productivity Efficiency Cost Savings Accuracy 25% More efficient in Warehouse Picking Efficiency Business Case 2 44% reduction in error rate and in some cases total error elimination across processes Improved Accuracy Business Case 4 6X Faster at airframe wiring layout Productivity Business Case 1 $20 Return for every dollar spent implementing Field Service Applications Cost Saving Business Case 3 Productivity / Efficiency / Cost Savings / Improved Accuracy Source: Vuzix Corporation #AWE2017 @augmate
- 13. Ubimax: Warehouse Pick & Pack Improvement Use Case “We expect to benefit from the low cost X-Pick solution in form of performance optimization in our operative process” Thorsten Schmidt, Order Picking Technologies, Daimler Study Excerpt: X-Pick Smart Glasses Improvements in both speed and accuracy were realized when switching to smart glasses Errors Seconds Smart Glass Speed and Accuracy Improvements in Supply Chain Operations
- 14. Proceedix: Tractor Inspection Efficiency Use Case Time (m) to do stepby expert without Smart Glasses. Total inspection time went from over 100 minutes to 70 minutes! AGCO Tractor Inspection Step Time in Minutes Time (m) to do stepby expert with Smart Glasses. * The paperwork step was totally eliminated when using smart glasses
- 15. Boston Consulting Group: Service Technician Efficiency Use Case AR Smart Glasses and the Industrial IoT #AWE2017 @augmate Today’s service technicians may spend only a few hours each day on value-added work at a single site. He will be assisted in making repairs by augmented-reality technology and will be able to receive remote guidance from experts on site.
- 16. Industry 4.0 Market Opportunity 2020 - 2030 AR Smart Glasses and the Industrial IoT #AWE2017 @augmate $110 Bn $123 Bn $14.2 Tn 7.3% CAGR Morgan Stanley (2015) $90 billion to $110 Billion by 2020 IoT Market by 2020 Accenture estimates the IIoT could add $14.2 Trillion to the economy by 2020 Impact on global economy IndustryARC (2016) $123.89 Billion by 2021 IoT Market by 2021 Global IIoT Market report global IIoT market to grow at CACR of 7.3% Until 2020 CAGR until 2020 2020 (by total economic value) 2030 (by total country value) $7.1 Tn $1.8 Tn $700 Bn 531 Bn $7.1 Trillion United States $700 Billion Germany $1.8 Trillion China $531 Billion United Kingdom
- 17. Will Industrial IoT Kill jobs? AR Smart Glasses and the Industrial IoT #AWE2017 @augmate “Eighty-seven percent of business leaders believe that the IIoT will result in the net creation of jobs. Intelligent machines will automate mundane tasks, freeing up workers to perform more creative and collaborative work with wider networks of people and machines”. - Accenture
- 18. Augmate Corporation Value Proposition Security Protect data and prevent unintended usage of devices Issue 01 Integration Get hardware and software systems to work together Issue 03 Scalability Monitor and manage a fleet of devices, data, and usage Issue 02 Problems that we solve: Enterprises struggle to implement wearables in the workplace because they lack the following: At A Glance Founded: 2012 CEO: Pete Wassell Location: New York Industries Served: – Aerospace – Automotive – Manufacturing – Warehouse – Distribution – Logistics – Retail – Medical – Energy and Utilities #AWE2017 @augmate
- 19. Augmate IoT Starter Kits for Industry Pilots AR Smart Glasses and the Industrial IoT #AWE2017 @augmate
- 20. Thank You From Augmate Augmate Corporation 335 Madison Ave, 16th Fl New York, NY 10017 http://www.augmate.com https://twitter.com/augmate https://www.facebook.com/augmate https://www.linkedin.com/company/augmate Pete Wassell, CEO [email protected]