KPMG predicts enterprises will spend $232 billion on automation by 2024.
To leverage the power of IIoT, it is of utmost relevance to connect industrial machines to the Internet and make their data flows available to ecosystem partners. For example, an (artificial) intelligent maintaining service vastly benefits from remotely monitoring the industry machines to infer a cost-saving maintenance plan. Having access to a history of the usage profiles allows IIoT corporates to transfer their businesses into pay-per-use models, harnessing novel revenue opportunities of a shared economy.
In order to enable this, IIoT will have to increase the amount of trust levels you need to have with your ecosystem partners and data provenance. According to a study conducted in 2018 by orange 79 percent of the IIoT corporates are willing to share limited or no information with OEM partners.
Weeve offers a platform solution to open up IIoT networks while assuring the interoperability with the present infrastructure. The platform serves as a common denominator to extend the trust perimeter to ecosystem partners.
Weeve technology provides security guarantees within the ecosystem for the information flows generated by IIoT devices with authentication and attestation protocols. The Weeve platform lays the foundation for reading, monitoring, controlling and billing IIoT data and data-driven services in addition to enabling business intelligence applications on reliable and attested data.