Digital platforms can transform industries, allowing new ways for businesses to connect and co-create value. Such a platform is needed to serve the unique requirements of industrial companies. Industries such as aviation, healthcare, mining, oil and gas, power generation, and transportation represent upwards of 30% of the global economy, and touch the lives of almost everyone on the planet.
These capital-intensive industries have long-lived assets such as aircraft, generators, locomotives, and turbines that are mission-critical and require considerable monitoring and service throughout their 20- to 50-year lives. A big data platform that brings new value to the wealth of data coming from these assets, their processes, and the enterprises in which they exist, will set the stage for a new wave of productivity gains and information-based services.
When compared with data in other sectors (e.g., government, financial services, and retail), industrial data is different. Its creation and use are faster; safety considerations are more critical; and security environments are more restrictive.
Computation requirements are also different. Industrial analytics need to be deployed on machines (sometimes in remote locations) as well as run on massive cloud-based computing environments. As a result, the integration and synchronization of data and analytics, often in real time, are needed more than in other sectors. Industrial businesses require a big data platform optimized for these unique characteristics.
The need for a new industrial big data platform is also driven by the advent, and thus ubiquity, of new and cheaper forms of computing, storage, and sensor technology, as well as the growing complexity of industrial companies themselves.
Furthermore, industrial operators, from the COO to the field technician, are more mobile than ever, and are looking for more consumer-like experiences in their workplaces, especially as the current generation retires. An integrated platform responds to these dynamics, while unearthing opportunities to connect often highly disparate operations and IT organizations.
The new era of industrial productivity that can be unleashed by an industrial big data platform needs an ecosystem larger , it is to transform not just the industrial world, but the global economy.