5 Platform Features Required for Industrial IoT Architectures

5 PLATFORM ARTICLE
Projects must be carefully planned to reflect your company's opportunities and needs, and they must be structured so that projects can quickly generate enough value to justify scaling up. However, planning is pointless without an Ilot platform to carry out the strategy.


Industrial Connectivity:

An Ilot platform with standardized connectivity significantly simplifies this process, allowing businesses to focus on IoT architectures and solutions that provide the most value. A true enterprise Ilot platform will also bridge the often-occurring gap between IT and OT data, enabling workflows and solutions that span the entire organization, from engineering and production to sales, fulfilment, and service.


Application Building:

With few exceptions, industrial manufacturers are not in the software development business. An Ilot platform must provide a setting that reduces the technical expertise required to develop applications. True loT platforms will also enable advanced developers to create and integrate more personalized applications.


Managing and Orchestration:

Connecting to industrial assets has been a barrier to industrial IoT architectures, but administration, automation, and management of these assets can be just as difficult. An Ilot platform must support a high level of management for various roles and responsibilities, such as control engineers and factory managers, as well as DevOps and service technicians.


Data Analytics:

In the absence of strong analytics capabilities, the architecture of IoT lacks the ability to provide meaningful data and insights. With data volumes measured in petabytes at times, analytics is critical for extracting meaningful data and performing data-driven trend analysis. These capabilities, in turn, enable waste and scrap reduction, increased available uptime, and the prevention of unplanned downtime.


Optimized Experiences:

Humans are ultimately called upon to provide critical thinking and frontline action for all of the automation and analytics that are performed. With the ability to overlay step-by-step instructions and guidance onto physical equipment in the plant and on the field, industrial augmented reality (AR) is already transforming manufacturing and service. True enterprise Ilot platforms offer seamless support for AR solutions, supplying these augmented views with real-time performance and status data to further enhance the user experience.

Selecting a Lot Platform on the Basis of Capabilities:

Not all Ilot platforms are created equal. Many platforms prioritize certain capabilities over others, with only a few addressing the full range of functionality. IoT platforms are also a significant investment; their success can determine the pace and direction of an IoT strategy for many years. A good decision can result in millions of dollars in bottom-line savings and top-line growth; a bad decision can result in stalled pilots and scrapped plans.

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PsiQuantum and Mitsubishi UFJ Financial Group announced that they are beginning work with Mitsubishi Chemical Group on a joint project to simulate excited states of photochromic molecules which have widespread industrial and residential potential applications such as the development of smart windows, energy-efficient data storage, solar energy storage and solar cells, and other photoswitching use cases. Qlimate, a PsiQuantum-led initiative that includes MUFG as a partner, focuses on using fault-tolerant quantum computing to crack the most challenging computational problems and accelerate the development of scalable breakthroughs across climate technologies, including more energy-efficient materials. Mitsubishi UFJ Financial Group (MUFG) is committed to supporting the world’s transition to a sustainable future, and to encourage industry access to the most promising breakthrough technologies. By pioneering PsiQuantum’s Qlimate solutions with industry leader Mitsubishi Chemical, MUFG is at the forefront of quantum computing for sustainability. This joint project will determine whether high-accuracy estimates of excited state properties are feasible on early-generation fault-tolerant quantum computers, specifically focusing on diarylethenes used for energy-efficient photoswitching applications. The project will allow Mitsubishi Chemical to gain early insights into how and when fault-tolerant quantum computing can be deployed in support of critical, scalable, sustainable materials. Because predicting the optical properties of materials requires complex analysis of excited states, standard algorithmic techniques for simulating these molecules (such as the Density Functional Theory, or DFT) often produce qualitatively incorrect results. The project will bring together Mitsubishi Chemical’s deep experience of computational chemistry and PsiQuantum’s leading expertise in fault-tolerant quantum computing to push the boundaries of approaching the complex physics in these systems and pave the way to developing new, more powerful energy-efficient photonic materials. Philipp Ernst, Head of Solutions at PsiQuantum, said: “PsiQuantum has dedicated teams who identify, describe and solve complex problem sets with best-in-class quantum algorithms. These are designed specifically to run on fault-tolerant quantum computers and will tackle previously-impossible computational challenges. This partnership will leverage our team’s unique know-how and Mitsubishi Chemical’s expertise in photochromic materials. We are grateful for MUFG’s visionary support in our mission to deploy high-impact quantum computing solutions to fight climate change.” Suguru Azegami, Managing Director, Sustainable Business Division, MUFG said: “We are excited to partner with PsiQuantum and Mitsubishi Chemical on our journey to explore possibilities of quantum computing technologies to solve the imminent global challenge. PsiQuantum’s vision to develop the first utility scale quantum computer before the end of the decade has inspired us, which led our initiative to participate in the Qlimate partnership as the first and sole member from Japan. Mitsubishi Chemical is leading efforts to use the cutting-edge technology to develop next generation materials and we are honored to support the company as its long term financial partner.” Qi Gao, Senior Chief Scientist, Mitsubishi Chemical said: “We are pleased to be part of the partnership and are grateful for MUFG’s support. 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PsiQuantum’s photonic approach enables rapid scaling via direct leverage of high-volume semiconductor manufacturing and cryogenic infrastructure. The company is partnered with the SLAC National Accelerator Laboratory at Stanford University and Sci-Tech Daresbury in the United Kingdom. About Mitsubishi UFJ Financial Group, Inc. (MUFG) Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 50 countries. The Group has about 160,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. 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Additive Manufacturing

Teledyne Relays Unveils Innovative Multi-Function Timer Series

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