https://www.iotworldtoday.com/wp-content/themes/ioti_child/assets/images/logo/footer-logo.png
  • Home
  • News
    • Back
    • IoT World 2020 News
  • Strategy
  • Special Reports
  • Galleries
  • Business Resources
    • Back
    • Webinars
    • White Papers
    • Industry Perspectives
    • Featured Vendors
  • Other Content
    • Back
    • IoT World 2020 News
    • Q&As
    • Case Studies
    • Features
    • How-to
    • Opinion
    • Video / Podcasts
  • More
    • Back
    • About Us
    • Contact
    • Advertise
    • Strategic Partners
  • IOT World Events
    • Back
    • Internet of Things World: San Jose
    • IoT World 2020 News
Iot World Today
  • NEWSLETTER
  • Home
  • News
    • Back
    • IoT World 2020 News
  • Strategy
  • Special Reports
  • Galleries
  • Business Resources
    • Back
    • Webinars
    • White Papers
    • Industry Perspectives
    • Featured Vendors
  • Other Content
    • Back
    • IoT World 2020 News
    • Q&As
    • Case Studies
    • Features
    • How-to
    • Opinion
    • Video / Podcasts
  • More
    • Back
    • About Us
    • Contact
    • Advertise
    • Strategic Partners
  • IOT World Events
    • Back
    • Internet of Things World: San Jose
    • IoT World 2020 News
  • newsletter
  • IIoT
  • Cities
  • Energy
  • Homes/Buildings
  • Transportation/Logistics
  • Connected Health Care
  • Retail
  • AI
  • Architecture
  • Engineering/Development
  • Security
ioti.com

IIoT/Manufacturing


Pixabay

image of a natural gas facility.

DNV GL on ‘Pilot Purgatory’ and Successful Industrial IoT

Ahead of speaking on a free-to-attend keynote panel session at IoT World Europe in London tomorrow, DNV GL’s digital solutions CEO talks “pilot purgatory” and digitizing industries.
  • Written by Jeremy Coward
  • 11th June 2018

As a specialist in digital solutions for maritime, energy and oil and gas, DNV GL is no stranger to the industrial Internet of Things. It sees IoT as a means for “safeguarding life, property and the environment” and to “enable health care providers, food industry and smart cities to advance the safety, sustainability and efficiency of their operations.”

Elisabeth Tørstad is DNV GL’s chief executive officer of digital solutions, leading roughly 1,000 digital industry experts in their delivery of smart, data-based solutions used by DNV GL’s clients. Tomorrow she’s part of a free-to-attend keynote panel session at Internet of Things World Europe alongside Airbus, Gartner and CNH Industrial – part of TechXLR8, the overarching technology event and one of London’s biggest.

Before taking the stage at this 15,000-attendee festival of tech, Tørstad was happy to share her vision and elaborate on the recommendations she plans to make when she speaks.

Q: You’re speaking at IoT World Europe on “Co-Innovating, Co-Developing and Collaborating to Deliver the IoT Ecosystem.” What points will you cover, and what recommendations will you make to your audience?

I am really looking forward to tomorrow’s panel session. One of the key points I will touch upon is the importance of a focus on innovation and on continuous learning, both through internal efforts in individual organization, but also through working closely with customers and stakeholders. I will also talk about the importance of building long-term relationships, how IT departments become more externally focused and some of the challenges in a “brownfield” world.

Q: How is IoT changing the work you do at DNV GL right now?

IoT is changing the landscape in all our key industries; where energy and goods are produced and transported around the world. When everything is connecting we are increasingly relying on data in our decision-making. Data is becoming the raw material of our century, and critical infrastructure and logistics chains are producing a lot of data.

However, in order to provide value, the whole value chain of data must be managed in a way that allows one to trust the outcomes of algorithms. At DNV GL we have always been entrusted with data by our customers in the analog world, and we are now bringing this trust position into the digital world. We are strengthening our service offering within data driven modelling, data quality and cybersecurity. To facilitate frictionless connections between different industry players, domain experts and data scientists, DNV GL has built an open and secure platform – Veracity – facilitating exchange of datasets, APIs, applications and insights.

Q: Many industrial companies are concerned they won’t achieve ROI from their IoT projects. What’s your favorite case study that exemplifies how IoT has generates ROI in your industry?

A good example is the work that DNV GL does in our Green Power Monitor operation for the renewable energy sector, where we use data harvested from solar plants to provide insight and give advice to operators. We provide a full end to end solution for managing solar plants, enhancing reliability and efficiency for solar generation today.

Q: Many industrial companies have encountered “pilot purgatory” where their IoT projects never get off the ground. Why do you think so many companies are falling foul of this, and how do we get past this problem as an industry?

Let me share some insights that we have gained from our extensive experience in DNV GL. We’ve started to see real value creation from IoT, but we also see that the potential is far from exhausted. Industrial data currently exists in many different siloes and formats, often for use in local monitoring, control or operational processes. Extracting new insights from data across all these siloes is often a challenge. 

Data coming from disparate systems often lack the necessary context, such as metadata, time and space and environmental conditions, for it to be combined and used for wider-reaching analysis. As we develop stronger, common frameworks for data management, I think we will start to see value and investments accelerating rapidly.

Q: Why have you chosen IoT World Europe as the place to share your IoT message?

IoT World Europe is a great place to get updated on the latest developments in IoT, and to extend my network. I am looking forward to some interesting days with good discussions!

[IoT World Europe in London is where industrial enterprises learn to put IoT to work and reap the commercial benefits. Get your tickets and free visitor tickets now.]

 

Tags: Article IIoT/Manufacturing Vertical Industries

Related


  • A Look at Michelin’s Product-as-a-Service Strategy
    A product-as-a-service strategy requires focusing on customer experience, according to Ralph Dimenna, a senior vice president at Michelin.
  • IoT Implementation Trends
    Most organizations have IoT plans but many aren’t sure how to achieve them
  • mktg-wp-nolabel4
    IIC Journal of Innovation: Industrial Data Edition
    In this edition of the Industrial Internet Consortium’s Journal of Innovation, explore the broad and ever-changing theme of data. The ability to gather more and better quality industrial data is exposing new sources of value as organizations find ways to apply that data to make better decisions. Brought to you by:
  • Image shows a man with a safety hat standing near an oil refinery.
    IIoT Asset Optimization: IBM Extends its MRO Functionality
    Big Blue is beefing up its maintenance, repair and operations to help its industrial customers with asset optimization.

Leave a comment Cancel reply

-or-

Log in with your IoT World Today account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Content

  • IIC White Paper Focuses on Edge Computing Architecture
  • Rockwell Automation, PTC Partner on Smart Factory Technology
  • Inside Arm’s and KEPCO’s Smart Grid Technology Partnership
  • IoT World Europe: Siemens' Chief Shares Best, Worst of IIoT

News

View all

Private LTE Market Projected to Grow to $13 Billion

12th January 2021

IoT World Announces 2021 IoT World Advisory Board

9th December 2020

White Papers

View all

Smart and Flexible Automotive and Tire Production

20th December 2020

Unlock the Potential of Digital Transformation in Oil & Gas

15th December 2020

Special Reports

View all

Cybersecurity Protection Increasingly Depends on Machine Learning

28th October 2020

Webinars

View all

From Insights to Action: Best Practices for Implementing Connected Device Security

15th December 2020

Real Cyber Threats and Best Practices Cyber Security Strategy and Solutions for Smart Manufacturing

1st December 2020

Galleries

View all

Top IoT Trends to Watch in 2020

26th January 2020

Five of the Most Promising Digital Health Technologies

14th January 2020

Industry Perspectives

View all

IoT Spending Holds Firm — Tempered by Dose of ‘IoT Pragmatism’

1st December 2020

The Great IoT Connectivity Lockdown

11th May 2020

Events

View all

IoT at the Edge

17th March 2021

Embedded IoT World 2021

28th April 2021 - 29th April 2021

IoT World 2021

2nd November 2021 - 4th November 2021

Twitter

IoTWorldToday, IoTWorldSeries

Protecting Your Network Against Ripple20 Vulnerabilities dlvr.it/RrJhpD https://t.co/Q2xe5hoy4U

25th January 2021
IoTWorldToday, IoTWorldSeries

The DOD turned to #kubernetes #containers for #IoTdevelopment to brace for rapid change. dlvr.it/RqzsLz https://t.co/t8W7coEdZN

20th January 2021
IoTWorldToday, IoTWorldSeries

Food for thought: Food and Beverage Industry eBook @ROKAutomation dlvr.it/Rqz00T https://t.co/Z3y18vuozF

20th January 2021
IoTWorldToday, IoTWorldSeries

Facility of the Future dlvr.it/Rqyzvm https://t.co/ytpsOUTtGP

20th January 2021
IoTWorldToday, IoTWorldSeries

A new day in automotive production #digitalmanufacturingsolutions @ROKAutomation dlvr.it/RqyrNS https://t.co/yxPFrBZGVg

20th January 2021
IoTWorldToday, IoTWorldSeries

Unlock the potential of digital transformation in Oil & Gas @ROKAutomation dlvr.it/RqyrBV https://t.co/kzHcGjf2OK

20th January 2021
IoTWorldToday, IoTWorldSeries

.@Airbus’s #datdriven #digitaltransformation focused on getting its existing data in order rather than just gatheri… twitter.com/i/web/status/1…

19th January 2021
IoTWorldToday, IoTWorldSeries

#EdgeNLP enables devices to do much more #NLP locally that better approximates human conversation.… twitter.com/i/web/status/1…

19th January 2021

Newsletter

Sign up for IoT World Today newsletters: vertical industry coverage on Tuesdays and horizontal tech coverage on Thursdays.

Special Reports

Our Special Reports take an in-depth look at key topics within the IoT space. Download our latest reports.

Business Resources

Find the latest white papers and other resources from selected vendors.

Media Kit and Advertising

Want to reach our audience? Access our media kit.

DISCOVER MORE FROM INFORMA TECH

  • IoT World Series
  • Channel Futures
  • RISC-V
  • Dark Reading
  • ITPro Today
  • Web Hosting Talk

WORKING WITH US

  • Contact
  • About Us
  • Advertise
  • Login/Register

FOLLOW IoT World Today ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookies Policy
  • Terms
Copyright © 2021 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X