This convergence of machine and intelligent data -- the so-called "Industrial Internet" -- is expected to transform the way that we live and work. Intelligent machines enable optimization, leading to better performance, lower costs and higher reliability.
The Industrial Internet Consortium (IIC) manages the collaborative efforts of industry, academia, and government to accelerate growth of the Industrial Internet.
"We are at the precipice of a major technological shift at the intersection of the cyber and physical worlds, one with broad implications that will lead to substantial benefits, not just for any one organization, but for humanity," said Janos Sztipanovits, E. Bronson Ingram Distinguished Professor of Engineering and Director of the Institute for Software Integrated Systems (ISIS), Vanderbilt University. "Academia and industry understand the need to identify and establish new foundations, common frameworks and standards for the Industrial Internet, and are looking to the IIC to ensure that these efforts come together into a cohesive whole."
As founding members, AT&T, Cisco, GE, IBM and Intel will each hold permanent seats on an elected IIC Steering Committee along with four other elected members.
The federal government is investing over $100 million/year in R&D related to cyberphysical systems, and has been partnering with the private sector on a series of testbeds in areas such as healthcare, transportation, smart cities, and increasing the security of the electric grid.
"The Administration looks forward to working with public-private collaborations like the new IIC to turn innovative Industrial Internet products and systems into new jobs in smart manufacturing, health care, transportation and other areas," said Secretary of Commerce Penny Pritzker.
The IIC will be managed by Object Management Group (OMG), a nonprofit trade association in Boston, MA.