Internet of Things (IoT) is a hot topic in the data management world and yours truly is also among those who sees IoT as a theme that will have a tremendous impact on data management including data quality, data governance and Master Data Management (MDM).
However, I think the flavour of IoT called Industrial Internet of Things (IIoT) or Industry 4.0 will mature, and already have matured, before the general IoT theme.
IIoT / Industry 4.0 is about how manufacturers use connected intelligent devices to improve manufacturing processes where the general IoT theme extends the reach out in the consumer world – with all the security and privacy concerns related to that.
A clue about the maturity in IIoT is found in a Forbes article by Bernard Marr. The article is called Unlocking The Value Of The Industrial Internet Of Things (IIoT) And Big Data In Manufacturing.
In this article, Justin Hester of automotive part manufacturer Hirotec tells about their approach to embracing IIoT. Justin Hester states that “…we can finally harness the data coming in from all of these different sources, whether they are machines, humans, parts – but I think the real challenge is the next step – how do I execute? That’s the challenge.”
Indeed, how to execute and take (near) real-time action on data will be the scenario where Return on Investment (ROI) will show up. This means, as explained in the article, that you should make incremental implementations.
It also means, that you must be able to maintain master data that can support (near) real-time execution. As IIoT/Industry 4.0 is about connected devices in business ecosystems, my suggestion is a data architecture as described on Master Data Share.