Only three years from now in 2020, an era will open in which trillions of sensors are connected with each other so that devices can exchange data freely without human intervention. Automobile tires will also come equipped with sensors and tell the driver when to replace the tires depending on the degree of their wear and tear.
George Bailey, managing director of the Center for Global Enterprise's Digital Supply Chain Institute, said on June 22 in a keynote speech in the 2017 Digital Business Forum held jointly with the Korea Economic Daily and A.T. Kearney at the Grand InterContinental Seoul Parnas, "Goodyear is now trying a new experiment in which marketing executives are playing the role of managing supply chains. The company is developing a system by which it finds out tire replacement cycles through sensors and uses the information for marketing purposes."
Johan Aurik, chairman of A.T. Kearney, also said in his keynote speech, "There is no place in the world that's not touched by digital transformation. For example, a mine in Australia is collecting data from mines all across the world through artificial intelligence technology." Hong Won-pyo, president of Samsung SDS, said, "By 2025 the volume of data the world over would reach 163 zettabytes [1 zettabyte equals 1.1 trillion gigabytes]."
Others said "digital twins" would be used extensively in industrial sites. Digital twins refer to computerized companions of physical assets that can be used for various purposes to monitor their near real-time status, working condition, or position. Roland Busch, vice chairman of Siemens, said, "With digital twins we can easily find out problems in production equipment and pinpoint bottlenecks in the whole system."