ICYMI: The Digital Oilfield, Reported Growth for the Industrial Internet and More

Growth for the Industrial Internet

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According to a recent report by the global market and business intelligence firm Infiniti Research, we should expect some major growth for the Industrial Internet in the next few years.

In fact, researchers expect the Industrial Internet of Things (IIoT) to grow at a compound annual growth rate (CAGR) of 26.56% over the next four years– taking us into the year 2019.

The report separates the IIoT industry into four end-user segments including manufacturing, energy and utilities, automotive and transportation, and healthcare.

As the report confirms, the growing demand of big data analytics emerges from “interoperability issues among existing systems” while the market driver is the “realization of industrial IoT benefits by businesses and governments.”

Drones and Data in the Digital Oilfield

oil-refinery-and-field-1509495Rhiannon Meyers of FuelFix, a blog from the Houston Chronicle, paints a picture of what the future oilfield could look like in a recent post.

“A pump collects data about the oil it is hauling to the surface and re-configures its operations to handle the crude more efficiently. A roughneck tripped up by a repair job logs into a mobile device from the rig and downloads a training video. Drones fly out to remote locations to inspect oil field equipment and scour the best places for new well pads,” Meyers wrote.

These days, oil and gas companies are hunting for new, innovative ideas to increase operational efficiency and ultimately, save money. Meyers suggests that despite falling oil prices that may be “battering exploration and production companies, forcing industry-wide cutbacks,” oil and gas professionals are beginning to turn to the tech industry.

Could drones be sent to do the risky parts of the job, such as exploring remote areas for the best drilling spots? That may be unclear, but the need for technology and innovation in the oil and gas industry is evident.

In fact, on Friday, September 18, Gray Matter Systems is hosting an oil and gas executive breakfast discussing how to achieve operational efficiency in the digital oilfield.

Interested in attending the event? Click here to learn more.

WiFi, Hot Tubs & Big Data

Have you noticed how popular the peer-to-peer economy is becoming? The car service, Uber, for example, is a hot topic. Airbnb is another one– the “community marketplace for people to list, discover, and book unique accommodations around the world, online or from a mobile phone or tablet.”

But how do users of the website charge for one? Emily Badger of The Washington Post  asked the same question yesterday.

” Is it a townhome, a penthouse, a cabin, a castle, a teepee, a yurt? A single room or a whole home? The bed: double or queen? The view: riverfront or city skyline? The Left Bank or right one? How gourmet is the kitchen? Is there a subway stop nearby or off-street parking? Are the Grateful Dead in town? Or the cherry blossoms blooming?” asked Badger. 

Airbnb, however, an apparent “lover of big data,” wants to offer a more precise guidance to hosts trying to establish a price– which means adding all these questions into an algorithm.

To read more about Airbnb and their plan to incorporate big data into the peer-to-peer community, click here.

This app knows how you feel — from the look on your face

“Our emotions influence every aspect of our lives — how we learn, how we communicate, how we make decisions. Yet they’re absent from our digital lives; the devices and apps we interact with have no way of knowing how we feel. ”

Scientist Rana el Kaliouby aims to change that. She demos a powerful new technology that reads your facial expressions and matches them to corresponding emotions. This “emotion engine” has big implications, she says, and could “change not just how we interact with machines — but with each other.”

Media We Link to:

“Industrial Internet of Things to Grow by 26.56% annually up to 2019” – Metering and Smart Energy International 

“Drones and data could dominate future oil fields” – FuelFix Blog

“WiFi, hot tubs and big data: How Airbnb determines the price of a home” — The Washington Post 

ICYMI: The Industrial IoT, a New ISA Standard, and More

The IoT Life

It’s no secret that the Internet of Things (IoT) is building momentum in our everyday lives.

In fact, a recent USA Today article posits that in a not-so-distant future we could expect our
fridges to order milk when we are close to running out. Or tell the house to cool the temperature down before we are even in the car, driving home from work. We could even own light-bulbs that would warn us when they should be replaced.

It’s exciting to think of all the possibilities that the IoT brings.Industrial IoT and More

But as security experts warn, what about the potential for increased cyber crime?

Elizabeth Weise of USA Today points out that a thief could use information from our smart devices against us. For instance, criminals could deduce that a week without opening our fridge means that’s a week we’re not home.

The annual conference called Black Hat convened this month– full of hackers and security experts alike, and almost all panels agreed that the “wave of connected devices” poses a threat, according to Weise.

“In about a minute to an hour, I can reliably unlock the door on a car,” said Silvio Cesare, an Australian researcher for a security firm.

“It’s taken almost 20 years for the world to accept that security requires updates. Software pushes to fix problems come to our phones, our laptops and our tablets with sometimes annoying frequency.

We’ve learned the hard way that without updates, the more time that elapses, the greater the likelihood our computer will be hackable.

Americans may not be quite so keen to go around the house updating the software on their rice cookers or sprinkler systems,” said Weise.

ISA101: A Gray Matter Link

This week the ISA published ISA101, a standard the organization says will set standards, recommended practices, and/or technical reports pertaining to human-machine interfaces in manufacturing applications. pencils

The standard was conceived by a group of  thought leaders which included Gray Matter Systems’ Director of Professional Services, John Benitz. Specifically, Benitz collaborated on Clause Six: Display Types.

According to the ISA, the standards, recommended practices, and/or technical reports developed by ISA101 will be directed to those responsible for designing, implementing, using, and/or managing human-machine interfaces in manufacturing applications. Unless noted otherwise in a specific ISA101 document, the documents will apply to all manufacturing industries.

Learn more about ISA101. 

ISA: Realizing Value from the IoT

Speaking of the ISA, Greg Gorbach and Chantal Polsonetti of the ISA publication, InTech Magazine, offered perspective on how the Industrial Internet of Things (IIoT).

And since so much has been said on the Industrial Internet and the IIoT, it’s great that Gorbach and Polsonetti define what the IIot encompasses:

  • Intelligent assets
  • Data communications infrastructure
  • Analytics and applications to interpret and act on the data
  • People

While the authors recognize that those in the industrial space have pursued connectivity to reach operational excellence for some time now, they also assert the potential the IIoT has to transform operations.

“Along with Industrie 4.0, information technology (IT)/operational technology (OT) convergence, and smart manufacturing, the IIoT is cited as the latest means for making manufacturing production more flexible, more cost effective, and more responsive to changes in market demand,” said Gorbach and Polsonetti. “Not surprisingly, numerous market forecasts attempt to quantify the potential inherent in the IIoT, promising that billions of “things” or devices, worth trillions of dollars, will soon be connected.”

Read more from this cover story from InTech Magazine.

PIB 2015 Retrospective: What I Learned on an Island in Ohio

(From the August 17 blog post from Mandy Urey, Director of HR & Operations at Gray Matter Systems)

pib8Jstone

I have the benefit of seeing so many different sides to our biggest event of the year, the annual user group meeting at Put-in-Bay, OH.

I see the hard work the entire Gray Matter Systems team puts into preparation, which actually starts the week after the event ends for the next year. Then I see the team begin to come even more together as it gets closer to August.

We prepare early to make sure that we offer the best breakout sessions with the most helpful speakers while also making sure that every moment is planned.

While attending the event, I see all the hard work we do to make sure that we deliver on our promise of a top-quality user group meeting that is worth a several-day commitment from Gray Matter Systems, our vendors, and most importantly, our attendees.

But my absolute favorite part has to be the relationships our attendees form because of this event.

I see people from different industries catch the early ferry in a rush to get on the island and back in touch with the people they met last year.

I see an operator from a Houston-based steel company walking through the tabletop trade show, talking excitedly about a new solution with the guy he met last year that works in a water plant just east of Cincinnati. In any other situation, these two people probably would pass each other on the street without thinking twice about each other’s situation but here at our event, they find common ground.

But my absolute favorite part has to be the relationships our attendees form because of this event.

So while I am sure there are many that talk about the experience of the user group with a lot of technical speak, being in HR I am naturally drawn to observe the people. And I see people having fun, forming relationships, displaying their passion, and it is my favorite three days of the year.

Read more from this blog post.

Media We Link To:

“Security experts take aim at the Internet of (unsafe) Things” — USA Today 

“ISA101, Human-Machine Interfaces” — ISA

“Realizing value from the Industrial Internet of Things” — ISA InTech Magazine 

“PIB 2015 Retrsopective: What I Learned on an Island in Ohio” — Mandy Urey, Gray Matter Systems 

 

PIB 2015 Retrospective: What I Learned on an Island in Ohio

GE Intelligent Platforms General Manager of Industrial Data Intelligence Jeremiah Stone

I have the benefit of seeing so many different sides to our biggest event of the year, the annual user group meeting at Put-in-Bay, OH.

tradeshowI see the hard work the entire Gray Matter Systems team puts into preparation, which actually starts the week after the event ends for the next year. Then I see the team begin to come even more together as it gets closer to August.

We prepare early to make sure that we offer the best breakout sessions with the most helpful speakers while also making sure that every moment is planned.

While attending the event, I see all the hard work we do to make sure that we deliver on our promise of a top-quality user group meeting that is worth a several-day commitment from Gray Matter Systems, our vendors, and most importantly, our attendees.

We do this because we want to make sure the event both entertains and educates our customers and their guests. There is so much going on – it’s all so incredible.

Finding Common Ground Across Industries and Regions

But my absolute favorite part has to be the relationships our attendees form because of this event.

collardI see people from different industries catch the early ferry in a rush to get on the island and back in touch with the people they met last year.

I see an operator from a Houston-based steel company walking through the tabletop trade show, talking excitedly about a new solution with the guy he met last year that works in a water plant just east of Cincinnati. In any other situation, these two people probably would pass each other on the street without thinking twice about each other’s situation but here at our event, they find common ground.

I see the Gray Matter team function as we do at our best, as one unit– there to serve our customers and show them the remarkable things we do.

I see vendors working together, customers learning, people interacting, and so many new relationships being formed, it’s just an overwhelmingly spectacular sight to behold.

Checking Out What’s New at the Trade Show

gabrielTradeshow

Gabriel Minos, Senior Automation Consultant at Gray Matter Systems, explains the Super Trending Chart during the table top trade show.

Our event starts off at the trade show where many of our vendors set up booths and demos to showcase new products and solutions that would be the most beneficial for the attendees. And sure, there are other trade shows and conferences people can attend, but what makes ours unique is the ability to talk to the people that are literally behind the products.

When this show closes, the booths are packed, and the vendors are heading for home, their thoughts are filled with customer feedback and how the products they develop can be improved.

Not only do I see the networking that goes on here between past attendees and those that have never been before, but I witness the excitement the event generates.

All of this because they are around other people that are just as passionate around the same things: technology, automating processes, improving systems, the Internet of Things, SCADA, everything.

Sharing Success Stories and Learning What Works During the Breakout Sessions

The next morning kicks off the sessions that took a year of careful planning. This is a way for people to hear from their peers about what works in their industry or even get a real opportunity to talk to a vendor representative.

bWeedDoingHisThing

Bill Weed, Senior Engineer, Gray Matter Systems, leads a Best Practices and Approaches to Better Alarm Management session at PIB 2015

Attendees can ask questions and hear questions they didn’t even think of asking in these sessions. And naturally, some of our favorite breakout sessions are the ones that are led by Gray Matter employees.

I sit back and watch them speak not because we asked them to, but because sharing this knowledge with others is why they chose to do what they do.

It’s great to see those in the session feel the passion about the subject matter– it really gives them a chance to show why we are the experts.

Where else will you find Gray Matter Senior Engineer Bill Weed leading a session on best practices for alarms or the JMC Steel Group’s Director of Infrastructure Bill Kempert talking about his company’s plant floor to SAP integration project.

Getting a Glimpse into the Future at the Keynote

After morning sessions, everyone meets for a keynote address that details what is going on in the world of automation, what’s upcoming in technology, and what trends to watch. Plus, it wouldn’t be a Gray Matter Systems event without a little humor thrown in. (Thanks Carson).

GE Intelligent Platforms General Manager of Industrial Data Intelligence Jeremiah Stone

GE Intelligent Platforms General Manager of Industrial Data Intelligence Jeremiah Stone


Also, we have brilliant keynote speakers every year– this year Jeremiah Stone discussed what GE Intelligent Platforms is doing to make sure they are developing the best products for the end-user.

You take a moment to look around and watch everyone really listening and getting excited for what is going to happen and it is simply fun to watch. It’s the vibe we talk about – the Gray Matter Systems vibe – and our attendees experience it too.

Seeing the Island and Sampling the Local Vintage

Next, Gray Matter knows it is a lot to ask those with families to leave for three days, so we have developed a way to entertain the significant others with a sight-seeing/wine tour around Put-in-Bay. The Gray Matter Systems wine tour includes tours of a winery, a crystal cave, a historical home, all with tons of fun and a bit of wine tasting thrown in.

The bonding that happens with this group is also something so great to watch. Here are a group of strangers that leave together at 1 p.m. and come back as great friends roughly four hours later.

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Attendees for the annual wine tour. (Click to enlarge)

Why?

It’s because we make sure that they know this event is about them too.

Family is so important, and while we are some of the hardest workers around, having fun is just as important. Again, they get exposed to our vibe, and can’t help but get drawn in!

So while I am sure there are many that talk about the experience of the user group with a lot of technical speak, being in HR I am naturally drawn to observe the people. And I see people having fun, forming relationships, displaying their passion, and it is my favorite three days of the year.

There are many things our company does to make me so happy to be a Gray Matter Systems employee, but this event tops the list every single year. It never disappoints, and seeing our new employees get to experience it for the first time is really amazing because the event is just that good.

So next year, if you are wondering if this event would benefit you, I think a better question is, why wouldn’t you go? Mark your calendars and tune your guitars – we’re heading back to the island August 9-11, 2016 for PIB 2016.

I hope to see you there.

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