Insights of the Week
May 24 IIoT and Remote O&M in Mining Webinar
This webinar will cover the rapidly growing market for products and services to
provide IIoT and Remote O&M to the mining industry. The IIoT and Remote O&M
outlay in 2017 will be $11 billion rising to $56 billion by 2030.
Presently many mining trucks are automated and remotely controlled. By 2030 many
of the processes to separate and beneficiate the ores will also be operated
remotely. The incentive is high due the remote locations and harsh
conditions encountered at many mining sites.
Mining companies now spend $25 billion for treatment chemicals. Twenty
percent of these expenditures are in reality purchases of knowledge from the
chemicals suppliers This revenue from the Industrial Internet of Wisdom is
considered to be part of the IIoT and Remote O&M opportunity.
The mining industry is looking to IIoT and Remote O&M for safety improvements.
Manual measurements of oxygen and hazardous gases will give way to highly
automated systems which also control ventilation fans to minimize energy
consumption while maintaining safe levels of hazardous gases.
Monitoring and control of the tailings storage minimizes the risk of a breach.
The grinding and flotation circuits for some plants are monitored by FLSmidth
from a remote monitoring center in Denmark. They have also introduced a
gain sharing program. A bonus is paid when costs are below the targeted level.
To register for this webinar click on:
Weekly IIoT Webinars
Weekly Utility E Alert covers coal fired power plant activities in every country.
Here are the Asian Coal headlines from one week in the Utility E-Alert
.
MET Licensee wins DFGD Award in Korea
. Moorburg Coal-fired Power Plant (Germany) faces expensive
operational change
. Pakistan ramps up Coal
Power with Chinese-backed Plants
. BHEL commissions Two
Units at Maharashtra Thermal Power Project
. Maharashtra to replace
Old Thermal Plants with Supercritical One
. GE signs Sales Agreement
for 135 MW Coal-fired Power Plant
. Status of Coal-fired
Power Plants
For more information click on:
Utility
E-Alert
Leveraging IIoW along with IIoT
A company which understands how its products meet not only the challenges of
existing processes but how it can help customers develop better processes stands
to make three times the profits of a company which just supplies commodity
products and does not understand the customer needs. In the IIoT era, the
Industrial Internet of Wisdom (IIoW) will be very important.
Here is the profit potential based on the process knowledge level of the
supplier.
Profit Potential as a Function
of the Knowledge Level of a
Process |
||||
Knowledge Level |
$ of profit/unit |
Increase in # of Units Sold |
Opportunity for New Product
Growth |
Consulting/Training |
Evolving Processes |
3 |
1.3 |
1.3 |
3 |
Existing Processes |
2 |
1.2 |
1.2 |
3 |
Task Based Knowledge |
1.5 |
1.1 |
1.1 |
2 |
Commodity Products |
1 |
1 |
1 |
1 |
Customers will pay more to the product supplier to achieve
McIlvaine's IIoT & Remote O&M will
help you identify the opportunities in this fast-growing market and will also
provide insights on how to leverage wisdom for greater profits. The success of
IIoT depends on the creation of an Industrial Internet of Wisdom (IIoW).
The creation of vast amounts of actionable data will be valuable only to the
extent that wisdom is organized. For each tier in IIoT there is a complimentary
tier in IIoW.
IIoW and IIoT Tiers |
|
IIoT |
IIoW |
Smart Components |
White papers and
actionable data |
Sensors |
Convert papers to
accessible electronic format |
Edge Computers |
Organize and display the data |
Cloud Integration |
Interconnection of multiple
disciplines and elimination of
silos |
Data Analytics |
Wise crowd decisions, and niche
expertise |
The reality is that knowledge is increasing at geometric rates but the systems
in use to employ it are very inadequate. The same approach used to create
IIoT is needed for IIoW.
Tools for Success |
||
IIoT |
IIoW |
Mcilvaine Contributions |
Protocols |
Decisive Classification of Terms |
Product classifications for all
flow and treat categories,
numerical identifier for all
players including Chinese
companies, expand NAICS with sub
classifications |
Alarm Software |
Alerts |
McIlvaine has more than 20
weekly and monthly alerts and
updates. |
Open Platforms |
Gathering and organizing
available information |
Coal fired Power Plant
Decisions, Gas Turbine and
Combined Cycle Plant Decisions,
FGD, Precipitator, and Fabric
Filter Knowledge Systems plus
less extensive systems for other
flow and treat categories. A
number of Valve Decision Guides
are available |
Data Analytics Software |
Total cost of ownership
evaluations, development of
niche experts |
McIlvaine prepares white papers:
e.g. one for Cardinal
Health included a new metric to
measure all harm and good.
An embryonic niche expert
program has been established. |
Subject Matter Expertise |
Interconnection of all those
with relevant insights |
McIlvaine market reports
including
IIoT and Remote O&M guide
suppliers. The
BHE Energy Supplier Connect
program is a model for future
interconnection initiatives.
The OEM Networking Directory,
End User Directory, Utility
People and other directories
identify the players |
Here are some examples
For more information on the IIoT service click on:
N031
Industrial IOT and Remote O&M
This is the foundation report for many support services which can be provided.
They are explained at:
o
Markets
o
People
o
Other