The Emerging Race for the Industrial Internet

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The Emerging Race for the Industrial Internet

This is an interesting overview of what is happening in the race between General Electric and Siemens to build the Industrial Internet. GE is attempting to build a broad, generic platform into which all industrial players can plug their solutions. If it works, this juggernaut will become a — I don’t know, what’s bigger than a juggernaut? Uberjuggernaut? Juggerubernaut?

Lots of interesting parts to this, but I’m culling this as the most intriguing bit:

That technology allows manufacturers to create what David Gelernter, a pioneering computer scientist at Yale University, over two decades ago imagined as “mirror worlds”. GE wants to build a similar, “virtual twin” of every category of physical asset it sells, from locomotives to wind farms. This would allow engineers to test products before they are built and also let them feed the virtual model with real-world data to improve performance. “A digital twin is not just a generic model but based on the exact conditions in the real world,” explains Ganesh Bell, chief digital officer at GE Power.

Imagine our industrial systems having a virtual ecosystem operating like an integrated new dimension of reality. In-synch with the physical layer, this new virtual layer would be much more flexible. It would model and simulate optimizations on a scale simply infeasible for the physical infrastructure itself. Out of this will come phenomenal efficiencies unlike anything we have seen heretofore.

This reminds me of Brian Arthur’s vision for The Second Economy:

http://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-second-economy

#IndustrialInternet #iot

http://www.economist.com/news/business/21711079-american-industrial-giant-sprinting-towards-its-goal-german-firm-taking-more
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