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THE BRASS TACKS:
As consumers, we’re getting used to the idea that our homes, our cars and many of the things inside them are getting smarter. The Internet of Things (IoT) is more than a buzzword; it’s our new normal.
We might not, however, be as familiar with the Industrial Internet of Things (IIoT) — a branch of IoT focusing on large-scale commercial applications (think factories filled with sensors or automated trucks driving around oilsands extraction sites).
“The World Economic Forum is calling this the fourth Industrial Revolution and is predicting a massive impact on economies,” says Michael Magee, who designed and teaches the Industrial Internet of Things Overview course at SAIT. “There are reports that the new GDP created by the Internet of Things could be between $10 and $15 trillion within the next 10 years. This isn’t just happening; it’s happening very quickly.”
WHAT THIS MEANS FOR INDUSTRY:
IIoT is the source of unprecedented opportunities — and risks — says Magee, and this new course is designed to help industry understand exactly how IIoT is going to change the way they do business so they can make informed decisions.
ABOUT THE COURSE:
During two four-hour sessions, participants brainstorm an idea for their own IIoT device and then use that experience to explore issues from a range of perspectives: design, business, security and privacy.
WHAT SAIT SAYS:
“This is just the beginning,” says Magee. “Because SAIT has such close industry ties and relationships, we have been watching this trend and want to stay ahead of it. We’re being as iterative as possible — this course could look very different a year from now — and drawing from expertise across SAIT because we know just how quickly IIoT is evolving.”
WHAT THIS MEANS FOR STUDENTS:
As managers in decision-making roles, students in this course leave with a clear understanding of the technology and business sides of IIoT. They are able to advise and make informed decisions about things like spearheading IIoT pilot projects, purchasing equipment or partnering with IoT companies.
Text by Michelle Woodard | Photo by Greg Fulmes