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Author's profile photo David Parrish

Industrial Internet of Things for Machinery and Equipment Companies

This post originally appeared on SAP Business Innovation

If the Internet of Things (IoT) is causing a wave of disruption, then the industrial machinery and components (IM&C) industry is poised to ride the crest.  So much so in fact, the term “Industrial Internet of Things” (IIoT) is now quite common.  Unlike many other sectors, industrial manufacturing has direct contact with millions of machines, equipment, and components that are ready to fully embrace technology and innovation.  Industrial manufacturers need to stay current with the latest technology to capitalize on emerging business opportunities and stay more than a few steps ahead of the competition.


According to IDC, the worldwide revenue opportunity presented by the IIoT is roughly US$746 billion by 2018 and the estimated revenue compound annual growth rate will be 18.8%.  Please download the CEO Perspective on the Internet of Things for the IM&C Industry to learn more about how Big Data, Analytics, and Platforms are all converging to drive new business models.

SAP currently offers the following solutions that help drive the IIoT:

  • SAP Predictive Maintenance and Service
  • SAP Connected Logistics
  • SAP Connected Manufacturing
  • SAP Augmented Reality App for Warehouse Personnel a
  • SAP Augmented Reality APP for Field Service Technicians

For more information on these products please vist the SAP Internet of Things web page.

Please read the Seizing Opportunity in the Industrial Internet of Things blog to discover how the IIoT can streamline the flow of information, enable real-time decisions, and enhance customer satisfaction and loyalty by connecting people, machines, products, and services across the world. We all know that the world of industrial manufacturing will be significantly transformed in the coming years, so it is essential that companies in this market explore the wide array of new technologies available to them.  The IIoT is one of these technologies that cannot be ignored. 


    Image credit:  Karen Bleier / AFP / Getty Images

To discover more, check out the New Technologies Help Industrial Manufacturers Better Meet Common Business Goals blog.  Over the last 40 years SAP has served more than 11,100 IM&C customers in 160 different countries and continues to drive the largest industrial manufacturing ecosystem of customers, partners, and employees in the world.

To discover how SAP is helping create the future of business in the digital information age across other industries, please download the “CEO Perspective on the Internet of Things” for the following sectors:

  • Aerospace & Defense:  Spirit Aerosystems, Rockwell Automation, connected aircraft…
  • Automotive:  Learn how automotive companies are building the Connected Car…
  • Chemicals:  Precision farming, smart products, connected logistics…
  • High Tech:  Read about the IoT with Cisco, Bosch, and Lenovo…
  • Mining & Metals:  Learn what the most substantial contribution to mining productivity is…
  • Oil & Gas:  Predictive maintenance, connected fueling, remote service monitoring…
  • Retail:  Read about the $326B in IoT potential…
  • Utilities:  50% of European water meters should have smart capabilities by 2020…
  • Wholesale Distribution:  Learn about the $168B IoT opportunity…


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Please follow us on Twitter @SAPIndustries #industrial #machinery for the latest updates; kindly visit us at the SAP Community Network; and we welcome you to join our Industrial Machinery and Components ASUG Special Interest Group.

Dave Parrish is the Senior Global Marketing Director for the Industrial Machinery & Components (IM&C) industry at SAP.  Based in Denver, he has been with SAP for 8 years.  Prior to joining SAP, Dave spent 10 years working for the J.D. Edwards > PeopleSoft > Oracle corporate “mash-up” as well as QAD.  Before joining the software industry, he spent over 15 years in the industrial manufacturing sector and earned a BS in Advertising from the University of Illinois in Champaign-Urbana, an MBA in Transportation Management from the University of Colorado in Boulder, and a Certification in Production and Inventory Management (CPIM) from APICS, a leading association for supply chain and operations management.  When not working, Dave likes to listen to music, hike, bike, ski, paddle, and camp with his wife, son, daughter, and dogs.

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