LogoAutomotive Agile PEP Europe|July 12 – 13, 2021, San Diego, CA
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INFORMATION

Although the Industrial Internet of Things is regarded as a trillion dollar opportunity, recent studies from Cisco and the Boston Consulting Group indicate that company leaders are hesitant to invest in IIoT. This reluctance is supported by a lengthy history of problematic technology implementations, industrial incidents, and financial hardships.

  • The ultimate goal of IIoT should be to have real-time production visibility, flexibility to adapt to needs/market changes and predict problems before they exist
  • This requires an integrated connected enterprise: sensors, connectivity and cloud at the factory level as well as analytics platforms that can link market and business systems to production planning
  • This presentation will outline the reasons new technology implementations fail and what you can do to avoid the pitfalls of hype that exist around IIoT
CATEGORIES
Industry 4.0 and Digitalization Strategy
IoT Platform
Plenary Session
Presentation
SPEAKER

Dr John Carrier

Senior Lecturer

Dr. John F. Carrier is a Senior Lecturer in the System Dynamics Group at the MIT Sloan School of Management. He has spent over 25 years diagnosing and eliminating hidden factories in the oil & gas, petrochemical, discrete manufacturing, and research laboratory facilities, saving these organizations hundreds of millions of dollars while reducing operating risk. He also works with companies to successfully integrate the technology of the Industrial Internet of Things into their existing organization, with a distinct focus on developing front line leaders in the culture of improvement.

He currently runs a popular MIT Executive Education course on Implementing IIoT through Continuous Improvement Leadership (http://tiny.cc/2jhcjy). He also co-teaches an MBA course with Professor John DC Little (Little’s Law).

Dr. Carrier holds a BS in Chemical Engineering from the University of Michigan, an ScD in Control Systems from MIT, and an MBA from the Harvard Business School.

COMPANY

MIT Sloan School of Management

https://mitsloan.mit.edu/
The MIT Sloan School of Management (also known as MIT Sloan or Sloan) is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts, United States. MIT Sloan offers bachelor's, master's, and doctoral degree programs, as well as executive education. Its MBA programs are ones of the most selective in the world and are ranked #1 in more disciplines than any other business school. MIT Sloan emphasizes innovation in practice and research. Many influential ideas in management and finance originated at the school, including the Black–Scholes model, Theory X and Theory Y, the Solow–Swan model, the random walk hypothesis, the binomial options pricing model, and the field of system dynamics. The faculty has included numerous Nobel laureates in economics and John Bates Clark Medal winners. MIT Sloan Management Review, a leading academic journal, has been published by the school since 1959. The annual MIT Sloan Sports Analytics Conference attracts leaders from the NBA, NFL, WWE, NHL, Premier League, and Major League Baseball. The school belongs to the M7 group of elite MBA programs which recognize each other as peers, whose other members are Chicago Booth, Columbia, Harvard, Kellogg, Stanford, and Wharton.

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