Manufacturing AUTOMATION

IIC’s latest Journal of Innovation edition discusses business outcomes of IoT technologies

January 24, 2023
By Manufacturing AUTOMATION

The Industry IoT Consortium (IIC)  published the latest edition of its Journal of Innovation (JoI). The issue is titled “Business Outcomes of Utilizing Innovative Technologies in Industrial IoT.”

“This volume of the JoI provides the benefits of using innovative technologies on Industrial IoT to transform businesses in various ways,” said Edy Liongosari, chief research scientist at Accenture Labs and chair of the IIC thought leadership task group. “Innovative technologies can help companies generate new revenue streams and improve efficiency, productivity and competitiveness.”

The Business Outcomes of Utilizing Innovative Technologies in Industrial IoT includes the following articles:

  • Machine Economy – The New Frontier of Digital Transformation in IoT by Xixin Fan of IoTeX and Steeve Baudry and Sourabh Narayan Singh, both of Siemens. This article covers the technologies needed for a machine economy composed of a network of smart, connected and economically independent devices and machines acting as autonomous market participants capable of executing economic transactions with little to no human intervention.
  • In The Role of 5G in the Adoption of Enterprise Augmented Reality Mark Sage of AREA and Saverio Romeo of Emerging Technology Observatory share the survey results and case studies done by Augmented Reality for Enterprise Alliance (AREA) on the role of 5G in augmented reality.
  • Siemens’ Gunter Beitinger, Andreas Kind, Maximilian Weinhold, Florian Ansgar Jaeger and Saad Bin Shams have written The Role of IIoT for Decarbonization Shown in the ESTANIUM Network. The article provides an overview of the ESTAINIUM Association, Trustworthy Supply Chain, and Exchange. It shows how a trust technology, like verifiable credentials, can help share product carbon footprint data in a verifiable and trustworthy manner to facilitate the industry to reach the goal of net zero carbon emission.

The JoI highlights innovative ideas, approaches, products and services emerging within the industrial internet, including trustworthiness, AI, digital twin, data, digital transformation, smart cities, smart factories and edge computing.


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