The Internet of Things

How Smart, Connected Products Are Redefining the Future of Manufacturing

Monday, March 30, 2015 –2:00-6:00pm CT
Park Hyatt Chicago - 800 North Michigan Avenue - Chicago, Illinois
Keynote remarks and a panel discussion of manufacturing executives followed by a networking reception

Once composed solely of mechanical and electrical parts, products have become complex systems that combine hardware, sensors, data storage, microprocessors, software, and connectivity in a myriad ways.

These “smart, connected products”—made possible by vast improvements in processing power and device miniaturization and by the network benefits of ubiquitous wireless connectivity—have unleashed a new era of competition.

Manufacturers are using data gathered through smart connected products to improve the design process, product delivery, productivity on the factory floor as well as enhancing the customer experience. These technologies allow manufacturers to gather feedback which gives them the ability to improve product design, troubleshoot in real-time and become an integral partner with their customer throughout the lifecycle of their product.

To capture the value creation opportunity these “smart connected products” represent, CEOs must assess their company’s strategy as it relates to everything from product design and factory production to sourcing, sales and service. Manufacturers must be ready to collect, analyze and capitalize on vast streams of data arriving at increasing volumes and speed. It also means evaluating the company’s readiness to pursue new business models.

Our discussion will focus on the changing environment, industry trends, and new strategic choices that are reshaping our industry.

This event is invitation-only. To request an invitation, please contact Lauren McCann, Vice President of Strategic Development at 773-243-8312.

Featuring

Michael E. Porter
Bishop William Lawrence 
University Professor
Harvard Business School

James E. Heppelmann
President & CEO
PTC

Co-authors of “How Smart, Connected Products are Transforming Competition,” in Harvard Business Review November 2014.

Panelists

R. Gregory (Greg) Delagi
Senior Vice President and General Manager 
Texas Instruments

Edward (Ted) L. Doheny II
President and CEO 
Joy Global

Keith Nosbusch 
Chairman and CEO
Rockwell Automation

 

Moderator

 

Chad Moutray
Chief Economist
National Association of Manufacturers

 

Schedule of Events

2:00-2:05pm  Welcome
 
2:05-3:30pm How Smart, Connected Products are Transforming Competition
  • Harvard Professor Michael Porter: The Third Transformation
  • PTC CEO Jim Heppelmann: Smart, Connected Products & new capabilities 
  • Harvard Professor Michal Porter: Impact on the Value Chain & Industry Structure 
  • PTC CEO Jim Heppelmann: Strategic Choices
 
3:30-3:45pm  Q&A
 
3:45-4:45pm Executive Panel Discussion: IoT in the Marketplace - Lessons Learned and Best Practices
Moderator: Chad Moutray, Chief Economist, NAM  
  • Keith D. Nosbusch, Chairman and Chief Executive Officer, Rockwell Automation
  • Edward (Ted) L. Doheny II, President and Chief Executive Officer, Joy Global
  • R. Gregory (Greg) Delagi, senior vice president and general manager, Texas Instruments
 
4:45-5:00pm  Q&A
 
5:00-6:00pm  Reception