A fireside chat with Doug Smith, Ligado Networks CEO & Jason Grumet, Bipartisan Policy Council Founder and President
What is the IIOT
The Industrial Internet of Things is a powerful network of billions of “smart” devices, ranging from objects as small as a miniscule chip ALL ABOUT THE NUMBERS to a massive industrial machine. These devices contain embedded technologies to communicate with each other, with people, and with the external environment. The IIoT represents the next frontier of There were 2 billion smart devices global technological advancement, with potential to change the face in 2006, that number is estimated of industry, from the factory floor, to the executive office, to your own home. These technologies include autonomous cars, railways, trucks, to reach to 200 billion by 2020. and drones, all of which will rely upon a network of interconnectivity – a satellite-terrestrial network. A satellite-terrestrial network would By 2020, it is estimated that there be uniquely equipped to provide next-generation connectivity that is will be 26 smart devices per human pervasive, highly secure, and ultra-reliable. on the planet.
With IIoT in place, the United States
could see its cumulative GDP reach $7.1 trillion by 2030.
This could mean the United State’s
annual GDP is 2.3 percent higher than trend projections for 2030.
88 percent of CEOS expect long-
term growth in jobs from IIoT.
The IIoT will redefine sectors such as transportation,
telecommunications, energy, public safety, and more, that account for almost two-thirds of the world industrial output. The technical conditions for the adoption of the IIoT are favorable, as Accenture estimates the number of devices and sensors upon which the IIoT depends have reached the tens of billions. the Industrial Internet of Things The IIoT promises to improve industrial productivity, reduce costs of operation, and enhance worker safety, as well as the (IIoT) could add over generation of new revenue streams. In developing the necessary next-generation satellite-terrestrial network, we need to turn $14.2T to the global our focus to the greater public policy debate. How can we economy by 2030 facilitate this network, and in doing so, unlock the next frontier of technological advancement? Panel Discussion – Satellite-Terrestrial Connectivity: Securing the Future of the IIoT Featuring high-level executive from companies that would utilize this network
It is undeniable that the world is
more technologically connected today than ever before, a trend Joy Ditto President and CEO that will only increase in the coming Utilities Technology Council years. It seems new machineries (UTC) – drones, automated cars, smart home appliances – are appearing daily. However, the future of fully autonomous cars, trucks, railway, and drones, which will be used Ray LaHood to revolutionize industry, public President safety, and countless other sectors, Building America’s Future has yet to be realized. We can talk about these technologies and lay the blueprints – but, in order to unlock their full potential, we need a new kind of network. The level of connectivity promised by a satellite- terrestrial network is the only way Chris Crane President and CEO to support the technologies of Exelon tomorrow, today.
We have assembled an expert
panel to discuss the impact of a satellite-terrestrial network on the development of these revolutionary Lisa Stabler technologies, from companies President primed to deliver them, and other Transportation Technology Center, Inc IIoT thought leaders.