The industrial internet is one of the most important disruptive technologies
at the moment, both in Finland and worldwide. Finland is looking for new
growth opportunities and competitiveness through exploiting the industrial
internet. The Prime Minister’s Office has identified it as one of its key
The industrial internet has been described as a new industrial revolution, a
significant re-shaper of markets and a global impetus for growth. The Finnish
industrial internet – from challenge to opportunity project will carry out an
extensive evaluation of the overall picture of internet economics, clarify its
social and economic impacts both within Finland and globally, and produce
suggestions for measures which would enable Finnish society and industry to
best profit from the opportunities this development offers.
The industrial internet means the application of information and
communications technology in industry and within society for improving the
efficiency of operations and the creation of new added value for customers and
users. Internet and mobile technologies have changed to become generally and
easily available tools with which it is ever simpler and cheaper to develop
applications. Through their use, the industrial internet enables new
industrial and service businesses by linking intelligent devices, and the
people that use them, to analysis and decision making.
‘The disruptive impact will be seen in industry, services and in the public
sector as well. It is vitally important for Finnish companies and other
institutions to get involved quickly and effectively in developments and
influence their direction,’ points out Professor Martti Mäntylä from Aalto
Finland has all the prerequisites for success: competitive and international
technology industry, solid ICT skills as well as a public sector that is
well-managed and capable of reform. Many companies that operate in global
markets have already realised the importance of the industrial internet.
‘The industrial internet will improve productivity and will enable the birth
of completely new operating practices and business models in the disruption
that will result. This will have a decisive impact on Finland’s
competitiveness,’ claims Research Professor Heikki Ailisto from VTT Technical
Research Centre of Finland.
The Finnish industrial internet – from challenge to opportunity project
tackles the industrial internet comprehensively, from the perspective of
technology, business, the economy and society. Disruption will be seen across
a broad swathe of Finnish society, working life and in industrial operations.
That is why the project covers, in addition to industry, other critical areas
of business life (such as energy, transport and logistics, trade, property and
infrastructure) as well as the functioning of the public sector. The main
focus is on Finnish manufacturing industry.
The project is run by VTT Technical Research Centre of Finland, Aalto
University and ETLA, the Research Institute of the Finnish Economy. The first
results will be available at the beginning of 2015.