Innovation in Industry 4.0 and the IIndustryHack is moving slowly due to "a lot of talk and no action", with plenty of conferences, reports and seminars on how IndustryHack will change the manufacturing industry, but very little is actually being done to enact it, according to Ville Riikkala, co-founder of IoT; a hackathon event for companies seeking to get started in Industry 4.0 to partner with a manufacturer. The partner opens up its data for contenders for the weekend, following which, the startup can keep their intellectual property developed during the weekend, with the partner free to continue funding them. Several successful companies have been launched following an IoT event, including Konecranes Avatar, an application which uses cranes' IIndustryHack sensors to give each machine a personality and social media-inspired communication abilities to pass on data to stakeholders in real time.
Innovation in Industry 4.0 and the IIoT is moving slowly due to "a lot of talk and no action", with plenty of conferences, reports and seminars on how IoT will change the manufacturing industry, but very little is actually being done to enact it, according to Ville Riikkala, co-founder of IndustryHack; a hackathon event for companies seeking to get started in Industry 4.0 to partner with a manufacturer. The partner opens up its data for contenders for the weekend, following which, the startup can keep their intellectual property developed during the weekend, with the partner free to continue funding them. Several successful companies have been launched following an IndustryHack event, including Konecranes Avatar, an application which uses cranes' IIoT sensors to give each machine a personality and social media-inspired communication abilities to pass on data to stakeholders in real time.