Finland combines a high level of Internet adoption and a world class cluster of machinery companies. These factors make Finland a prime mover in adopting the Industrial Internet, combining machinery intelligence with networking. According to World Band the Industrial Internet is estimated to leave its marks on 46% of the World’s GDP that equals to €24.3bn. The biggest impact is predicted to be in the sectors of manufacturing and healthcare.

Origin of the Industrial Internet lies in GE’s the white papers. They defined ways of guiding production via smart use of sensors, which were mainly measuring equipment with axel(s). Germany has its own development on the sector, called Industry 4.0, which focuses more on efficient production flow. Finnish approach views the field from the customers’ point of view by finding new ways to build value creating services via smart use of technology.

The industrial Internet combines the fields such as machine learning, big data, the Internet of things and machine-to-machine communication to gather data from machines, analyze it and use it to adjust operations. In some cases, all this happens in real-time. The Industrial internet can be defined as the convergence of machine and intelligent data. This new era will change the way we work.

New ecosystems of connected machines have the potential to increase efficiency, minimize waste, and make the people operating them make smarter decisions. Technologies are becoming more familiar in the fields of Aviation and Transportation, Healthcare, Energy (usage & production), and Manufacturing.

The Industrial Internet will change the world heavily and causes a new era in industrial history. The change is happening via the convergence of the global industrial system with the power of advanced computing, analytics, low-cost sensing and new ways of connectivity enabled by the Internet. The ICT sector will become more holistically led to support customer value creation instead of companies’ internal function.

The new innovations of the digital world with the world of machines open up new era of transformation to global industry as well as to many aspects of daily life. Changes will happen throughout industries on various levels of value chain.

From Finnish players, Nokia has, even after divestment of the Mobile unit to Microsoft, high potential in technology-wise. Nokia has strong know-how in the fields of sensors, networks, location-awareness, and cloud technology. Tampere has healthy amount of companies that operate on the sector, including SMEs. On the Industrial Internet’s research side VTT is main player along Aalto University and Tampere University of Technology. ICT service companies are as well investing in the sector knowhow, and they will be valuable partners in the value chain.

Finnish Industrial Internet Forum (FIIF) launched in September 2014, and it aims to progress sectors co-working and development between various interest groups. The forum is supported by the high-end research consortiums Fimecc and Digile, which are operated under SHOK (Strategic Centers for Science, Technology and Innovation). In overall, Technology industry accounts three quarters of total R&D investments in Finland.

The first phase of the Industrial Internet is to make machines intelligent, which involves embedded sensors and other advanced instrumentation, controls and software applications. This starts to produce a vast amount of data that need to be analyzed by advanced analytics, which is the second phase of the value chain. Predictive algorithms, automation and deep domain experience will then produce understanding how the machines and large systems operate. In the third phase people and all kind of networks start connecting seamlessly and this new flow will produce more value as an outcome. Product and services respond to the defined needs and they are produced with efficient use of recourses.

Finland offers agile, but big enough environment to develop industrial internet solutions. To name a few factors that make Finland favorable ground for the sector; knowledge is broad, main players know each other and are willing to connect, and cybersecurity is on high level. All this is supported by active companies to adapt on changing world.