Insights of the Week

 

May 24 IIoT and Remote O&M in Mining Webinar

 

This webinar will cover the rapidly growing market for products and services to provide IIoT and Remote O&M to the mining industry. The IIoT and Remote O&M outlay in 2017 will be $11 billion rising to $56 billion by 2030.

 

Presently many mining trucks are automated and remotely controlled. By 2030 many of the processes to separate and beneficiate the ores will also be operated remotely.  The incentive is high due the remote locations and harsh conditions encountered at many mining sites.

 

Mining companies now spend $25 billion for treatment chemicals.  Twenty percent of these expenditures are in reality purchases of knowledge from the chemicals suppliers This revenue from the Industrial Internet of Wisdom is considered to be part of the IIoT and Remote O&M opportunity.

 

The mining industry is looking to IIoT and Remote O&M for safety improvements. Manual measurements of oxygen and hazardous gases will give way to highly automated systems which also control ventilation fans to minimize energy consumption while maintaining safe levels of hazardous gases. 

 

Monitoring and control of the tailings storage minimizes the risk of a breach. The grinding and flotation circuits for some plants are monitored by FLSmidth from a remote monitoring center in Denmark.  They have also introduced a gain sharing program. A bonus is paid when costs are below the targeted level.

 

To register for this webinar click on: Weekly IIoT Webinars

 

Weekly Utility E Alert covers coal fired power plant activities in every country.

Here are the Asian Coal headlines from one week in the Utility E-Alert

 

.      MET Licensee wins DFGD Award in Korea

.        Moorburg Coal-fired Power Plant (Germany) faces expensive operational change

.         Pakistan ramps up Coal Power with Chinese-backed Plants

.         BHEL commissions Two Units at Maharashtra Thermal Power Project

.         Maharashtra to replace Old Thermal Plants with Supercritical One

.         GE signs Sales Agreement for 135 MW Coal-fired Power Plant

.         Status of Coal-fired Power Plants

For more information click on: Utility E-Alert

Leveraging IIoW along with IIoT

A company which understands how its products meet not only the challenges of existing processes but how it can help customers develop better processes stands to make three times the profits of a company which just supplies commodity products and does not understand the customer needs. In the IIoT era, the Industrial Internet of Wisdom (IIoW) will be very important.

Here is the profit potential based on the process knowledge level of the supplier.

 

Profit Potential as a Function of the Knowledge Level of a Process

Knowledge Level

$ of profit/unit

Increase in # of Units Sold

Opportunity for New Product Growth

Consulting/Training

Evolving Processes

3

1.3

1.3

3

Existing Processes

2

1.2

1.2

3

Task Based Knowledge

1.5

1.1

1.1

2

Commodity Products

1

1

1

1

Customers will pay more to the product supplier to achieve

McIlvaine's IIoT & Remote O&M will help you identify the opportunities in this fast-growing market and will also provide insights on how to leverage wisdom for greater profits. The success of IIoT depends on the creation of an Industrial Internet of Wisdom (IIoW).  The creation of vast amounts of actionable data will be valuable only to the extent that wisdom is organized. For each tier in IIoT there is a complimentary tier in IIoW.

 

                 IIoW and IIoT Tiers

IIoT

IIoW

Smart Components

White papers and

actionable data

Sensors

Convert papers to accessible electronic format

Edge Computers

Organize and display the data

Cloud Integration

Interconnection of multiple disciplines and elimination of silos

Data Analytics

Wise crowd decisions, and niche expertise

The reality is that knowledge is increasing at geometric rates but the systems in use to employ it are very inadequate.  The same approach used to create IIoT is needed for IIoW.

 

Tools for Success

IIoT

IIoW

Mcilvaine Contributions

Protocols

Decisive Classification of Terms

Product classifications for all flow and treat categories, numerical identifier for all players including Chinese companies, expand NAICS with sub classifications

Alarm Software

Alerts

McIlvaine has more than 20 weekly and monthly alerts and updates.

Open Platforms

Gathering and organizing available information

Coal fired Power Plant Decisions, Gas Turbine and Combined Cycle Plant Decisions, FGD, Precipitator, and Fabric Filter Knowledge Systems plus less extensive systems for other flow and treat categories. A number of Valve Decision Guides are available

Data Analytics Software

Total cost of ownership evaluations, development of niche experts

McIlvaine prepares white papers: e.g.  one for Cardinal Health included a new metric to measure all harm and good.   An embryonic niche expert program has been established.

Subject Matter Expertise

Interconnection of all those with relevant insights

McIlvaine market reports including IIoT and Remote O&M guide suppliers. The BHE Energy Supplier Connect program is a model for future interconnection initiatives.  The OEM Networking Directory, End User Directory, Utility People and other directories identify the players

Here are some examples

 

 

For more information on the IIoT service click on: N031 Industrial IOT and Remote O&M

This is the foundation report for many support services which can be provided.  They are explained at:

o   Markets

o   Databases

o   People

o   Other

o   Decisions