Wed, 10/14/2015 - 00:00

LONDON (Oct. 14 2015) – The future of manufacturing is defined by the Industry 4.0 paradigm, which will be singularly determined by the design, development and implementation of the Internet of Things. This in turn will give rise to a new market called the Internet of Industrial Things (IoIT), which includes a combination of disparate market participants, starting from the segments of traditional industrial automation to commercial vendors from the ICT space, who hold a strong leverage on digital technologies. The impact of the Industry 4.0 paradigm and the development of the IoIT will be one of the key focus areas during Frost & Sullivan’s annual Growth, Innovation & Leadership conference GIL 2015: Germany. Senior industry executives and thought leaders will gather at the Frankfurt Jumeirah Hotel on November 17 to discuss new business models, supplier ecosystems and technological advancements across industries. “Frost & Sullivan believes that in the journey towards realizing Industry 4.0, the idea of the Internet of Industrial Things (IoIT) will form the technological basis for a global manufacturing renaissance,” said practice director for Industrial Automation and Process Control, Muthukumar Viswanathan, from Frost & Sullivan. “New applications, solutions and services founded on IoIT redefine, reinvent and recreate the manufacturing setup that we see today. According to our research, the new IoIT supplier ecosystem could reach EUR 420 billion by 2020.” GIL 2015: Germany will facilitate a keynote and Vision Roadmap on the impact of the IoIT. It will also feature keynotes on Women Empowerment in Businesses as well as on the Future of Europe by Frost & Sullivan principal consultant Olivia Price-Walker and senior partner Sarwant Singh, who will present current opportunities impacting businesses and industries in European markets. The GIL 2015: Germany day journey will conclude with the Frost & Sullivan Excellence in Best Practices Awards Banquet. The black-tie evening gala is organized in honor of companies in various industries for demonstrating superior performance. Frost & Sullivan works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities.