The European Business Review

Enter the Industry 4.0 Era Today by Using “Dark Data” You Already Have

The Industrial Internet-of-Things (IoT), also known as Industry 4.0, provides new opportunities to harness data-driven insights to improve business performance. In reality, operational technology, production equipment, and other “things” already provide data that can improve – even transform – company operations. By answering four key questions, business leaders can benefit from this “dark data” today.

Enter the Industry 4.0 Era Today by Using “Dark Data” You Already Have

The Industrial Internet of Things (IoT), also known as Industry 4.0, provides a new opportunity to improve business performance through data-driven insights. A quick Internet search provides many details about the transformative potential of the IoT. Wireless sensors on patients will help hospitals to predict heart attacks before they happen, enabling preventative emergency measures.1 Companies will equip employees with uniforms that detect hazards as a way to cut down on industrial accidents.2 Sensors in roadways, sidewalks, and mass transit systems will manage traffic flow in real time, minimising traffic and the lost productivity and environmental cost associated with it.3 IoT-enabled supply chains will become adaptive, self-organising, and super-efficient networks.4

Building the new IoT infrastructure will take years and many companies that can benefit from the IoT Fortunately, companies can enter the IoT era today by using the “dark data” created by supply chain operations, production equipment, operational technology, and other existing “things”. Presently, over 90% of these data are dark, providing a rich opportunity for companies to begin exploiting these information resources

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