Wed. June 17, 2015 10:30 AM to 12:00 PM
Smart products, embedded with sensors and mechanisms that link them through the Internet, are turning the physical world into an information system. This new wave of innovation connects everything, from homes to Happy Meals. The number of things connected to the Internet now exceeds the total number of humans on the planet, and we're accelerating to as many as 50 billion connected devices by the end of the decade.
It’s clear that in an effort to remain competitive, manufacturing companies stand in front of the third wave of IT-driven competition.
Projections indicate that by 2025, 80 to 100 percent of all manufacturers will be using IoT (Internet of Things) applications, leading to a potential economic impact of as much as $2.3 trillion for the global manufacturing industry. The Economist and McKinsey consultants suggest that as a direct result there may be as many as two million jobs left unfilled globally in information and communication technologies. It seems engineering educators likely face the next STEM (science, technology, engineering and math) crisis. Some might say that the Internet of Things changes everything, but that is a dangerous oversimplification.
The continued meteoric growth of the Internet of Things (IoT), with billions of connected products worldwide, hinges on a crucial ingredient. Education. The distributed global design process and embedded software has meant that an understanding of smart, connected product development has become a necessary skill for graduates.
In direct response to our survey of global manufacturers, PTC will present the outcomes of a project conducted in partnership with the University of Massachusetts-Amherst and demonstrate how to leverage a free classroom IoT toolkit. This toolkit will let students come up with ideas for connected products, design their mechanical parts using 3D modeling software, print them with a 3D printer, add inexpensive sensors, and put together their own monitoring and control applications.