Big Data Analytics / IIoT

IIC releases new IIoT reference document focused on business strategy

By Peter Gutierrez, IoT Hub

Nov 23, 2016

Get Plant Services delivered to your inbox Monday through Friday! Sign up for  Plant Services' complimentary Smart Minute (Monday-Thursday) and Smart Digest  (Friday) e-newsletters to get maintenance and reliability know-how you can put  to use today, plus the latest manufacturing news from around the Web, white  papers, and more. Learn more and subscribe for free today.

The Industrial Internet Consortium (IIC) has announced the publication of the Business Strategy and Innovation Framework (BSIF) reference document, which it says will help enterprises to identify and analyse issues that must be addressed to capitalise on emerging Industrial Internet of Things (IIoT) opportunities.

The freely available BSIF is designed to serve as a reference document for chief executives in enterprises considering or planning IIoT initiatives, according to the IIC. It consists of issues and challenges that enterprises should consider before deploying IIoT initiatives, along with details, frameworks and concepts to help them increase value for users, customers and partners while reducing market and technical uncertainties.

The BSIF also contains a comprehensive set of best practices for companies engaging in IIoT, but adds that companies are free to adopt a ‘lighter touch’ or use an existing internal project model, particularly in the case of smaller companies.

The IIC encourages larger companies to use the BSIF to augment existing frameworks to take advantage of new IIoT opportunities.

Read the full story.