Edy Liongosari is Accenture’s Research Scientist and a Global Managing Director of Accenture Technology Labs. He leads the Systems and Platforms Research Group, which covers among others the Industrial Internet of Things. His teams are actively working on Smart Grid, Smart Water, Intelligent Cities and Digital Platform Technologies. Edy has been with Accenture for over 20 years. Prior to his current role, Edy was the head of Accenture R&D Labs in Bangalore, India, where he led a global team of R&D personnel to industrialize Accenture’s system development process. He also spent several years in leading research for knowledge modeling and semantic integration of disparate information sources which has been successfully applied in many domains - from drug discovery in pharmaceutical companies to identifying suspects in criminal investigation. Edy and his team have received numerous patents and awards on innovation. A copy of his research work has also been placed into the Smithsonian’s permanent research collection. Edy has a Master’s degree in Computer Science from Indiana University and is a member of IEEE and ACM. He is also a board member at the Software and Information Industry Association, and a member of Microsoft’s Distinguished Engineering Council.
The Industrial Internet of Things (IIoT) is a major trend with significant implications for the global economy. It spans industries representing 62 percent of gross domestic product (GDP) among G20 nations - from manufacturing to oil and gas. Operational efficiency is one of the initial key attractions of the IIoT, and early adopters are focused on these benefits. By introducing automation and more flexible production techniques, for instance, companies could boost their productivity by as much as 30 percent. Predictive maintenance of assets can save up to 12 percent over scheduled repairs, reduce overall maintenance costs up to 30 percent and eliminate breakdowns up to 70 percent. However, this is just the beginning. IIoT offers radically new ways to think about products and services - generating entirely new sources of revenue for many companies and allowing them to completely rethink their business models. In this session, we will talk about a handful of use cases - from life safety to supply chain optimization - and the associated business cases that are key in driving adoption of IIoT we are seeing in the market today, and how this adoption pattern is expected to change in the next five years. We will also discuss some of the technical, social and economic challenges associated with IIoT and what we can do about them.