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


Getty Images

Industrial IoT Vendor Altizon Debuts Four-Week Challenge

The industrial IoT platform company Altizon wants to show new customers it can help them achieve a near-term ROI. 
  • Written by Brian Buntz
  • 16th September 2019

Given the right technology, the right strategy and enough time, industrial Internet of Things can drive powerful outcomes. But, in many cases, organizations deploying the technology end up with results that are less than what they hoped for. Various studies, from a 2017 Cisco survey to a 2019 Microsoft IoT Insights research, have indicated the failure rate for IoT projects is considerable. 

“People will try four or five pilots, because they don’t really know where to start,” said Vinay Nathan, chief executive officer of the IoT platform vendor Altizon. 

Altizon aims to break that pattern with what it calls a “4 Week Industrial IoT Challenge.”

The promises of the program are specific: An approximately 15% improvement in overall equipment effectiveness. A 3% gain in process quality and a 5% reduction in overall energy and consumables in those initial weeks.

The company’s executives didn’t arrive at those numbers on a whim, however. They are based on their customers’ experience. “We have done close to a couple of hundred industrial IoT projects over the past seven years across verticals,” Nathan said. “Across the work that we have done, this is the typical [level of improvement] we have seen.”  

[Industrial IoT World is the event where companies learn how to scale IIoT for integration, innovation and profit. Save $200 on your conference pass with VIP code “IOTWORLDTODAY.”]

Today, the bulk of Altizon’s customer base are in the following verticals: automotive, tire, consumer packaged goods, chemicals and companies managing remote industrial assets. 

Altizon will look to leverage its experience in those areas in the four-week industrial IoT challenge. “When we create the digital footprint in the four weeks, we use that same time frame to baseline KPIs,” Nathan said. “Typically, productivity is something you can address very, very quickly. Quality takes some more time. With energy, there could also be things that could be done in short order.”

The webpage describing the “4 Week Industrial IoT Challenge” describes the key parameters: The industrial company entering the challenge selects a manufacturing line Altizon will integrate its Datonis IoT platform within. The participant can use the metrics from the experience as a springboard to drive further improvements. 

In terms of the cost to participate, Nathan describes it as “nominal.” “Companies spend anywhere from $10 to $15,000, typically, on a pilot,” he said. Interested organizations can expect the cost to participate to be in that ballpark. “We don’t have a checklist that we tick off,” Vinay said, but the company is looking to determine if interested parties have, for instance, a digital department with executive backing and financial support. “There are two or three things that we think, from experience, matter.”

In the first week after the program was announced, roughly a dozen companies expressed interest. 

The program is unique in its promise to offer tangible benefits in a compressed time frame. A number of organizations have launched programs designed to either acknowledge the contributions of innovative IoT projects, including Informa (with the IoT World Awards), IoT Breakthrough (with the IoT Breakthrough Awards) and WeKnow Media Ltd. (with the IoT Global Awards). Those initiatives tend to award the contributions of vendors. 

Not-for-profit organizations such as the Industrial Internet Consortium and the Eclipse Foundation have testbed programs designed to gauge the commercial potential of IoT projects. Such programs, however, have a broader time focus than the Altizon four-week program. “There isn’t typically manufacturing-intelligence-driven objectives that get mapped out or committed to in [a four-week period],” Nathan said. The uniqueness of the program in that respect is “really what got us excited,” Nathan said. “We felt that we have enough of a body of know-how to be able to operationalize something like this at scale.” 

Tags: IoT platforms IT/OT integration Smart factories IIoT/Manufacturing Features

Related


  • Image shows welding robotics and a digital manufacturing operation.
    IoT Supply Chain Vulnerability Poses Threat to IIoT Security
    The supply chain provides building blocks for IoT but also vulnerabilities. IT pros need to ward against malicious attacks that exploit supply chain security gaps.
  • Supply Chain Analytics and IoT Loom Large in Wake of 2020 Disruption
    The COVID-19 crisis has made disruptive events par for the course. Supply chain analytics, digital twins and other tools have become key to understanding and predicting disruption.
  • IoT App Development Gets Agility Boost From Container Technologies
    IoT app development has clamored for greater agility, productivity and security. Container technologies can realize those benefits.
  • Mixed picture
    IoT Spending Is a Mixed Picture in 2020
    While COVID-19 has forced budget cuts for some organizations, the pandemic has also driven IoT spending increases for others.  

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

  • Connected Farming Harvests Data and Gives Agriculture a Jolt
  • How Rolls-Royce Exploits Internet of Things Data
  • Developing a Critical Infrastructure Cybersecurity Strategy
  • Rethinking Smart Manufacturing for the New Normal

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

The eSIM Cookbook – Towards the Next Generation of Connected Devices

22nd February 2021

eSIM Delivers Greater Freedom for OEMs – by Beecham Research and Truphone

22nd February 2021

Special Reports

View all

Cybersecurity Protection Increasingly Depends on Machine Learning

28th October 2020

Webinars

View all

Weber’s Journey: How a Top Grill Maker Serves Up Connected Cooking

25th February 2021

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

15th 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

IoT Remote Monitoring Helps Enterprises Traverse COVID-19 and Beyond dlvr.it/RtZ3K5 https://t.co/owJXYf1gkO

26th February 2021
IoTWorldToday, IoTWorldSeries

Securing the Industrial Internet of Things dlvr.it/RtYfYk https://t.co/khUn79dvQD

26th February 2021
IoTWorldToday, IoTWorldSeries

📢 Announcing #EIOTWORLD sponsor, @BluetoothSIG — the global standard for simple, secure wireless connections. ➕ Le… twitter.com/i/web/status/1…

26th February 2021
IoTWorldToday, IoTWorldSeries

How IoT Devices Can Enhance the Connected Customer Experience dlvr.it/RtPcvS

24th February 2021
IoTWorldToday, IoTWorldSeries

🤝 Meet #EIOTWORLD speaker Ingo Feldner, Project Lead for Virtual #Hardware Platforms at @RobertBoschGmbH 📅 Join hi… twitter.com/i/web/status/1…

24th February 2021
IoTWorldToday, IoTWorldSeries

Developing IoT Applications with Rust: Using a Rust Development Environment dlvr.it/RtNqrk https://t.co/wOmnoz2UVT

24th February 2021
IoTWorldToday, IoTWorldSeries

Chip-Enabled Edge AI Drives Next-Gen IoT dlvr.it/RtKcMQ https://t.co/dLjBzE6Qei

23rd February 2021
IoTWorldToday, IoTWorldSeries

The eSIM Cookbook – Towards the Next Generation of Connected Devices dlvr.it/RtG5bB https://t.co/5kXa8Pnv4T

22nd February 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