Online, Germany

IoT Platforms for Industry 4.0

online course
when 16 August 2020 - 29 August 2020
language English
duration 2 weeks
credits 4 EC
fee EUR 800

This course will be given online.
Stay home. Learn together.

The Internet of Things (IoT) is a network of physical devices with embedded software, sensors, actuators, and network connectivity. This technology enables novel use cases where companies can sense or control physical objects remotely across existing network infrastructure. The expected improvements are increased efficiency and accuracy of current solutions and the generation of both economic and societal benefits. According to market estimations, there will be more than 1 trillion IoT devices by 2025, creating a market of 4 trillion EUR.

IoT devices and applications will spread into nearly all domains of our lives, from smart homes and connected vehicles to infrastructure and logistics as well as into healthcare. Further, the technology is one of the pillars of Industry 4.0, which strives for self-organizing smart factories that are capable of (mass-) producing highly customized products. Besides the integration of IoT devices into existing production lines and products, one of the major challenges is to identify valuable use cases and sustainable business models within the field of IoT. The exploration of concrete and tangible use cases could demonstrate how companies can connect their products, manufacturing processes, and product development to obtain more customer-centric products and services.

During this summer school, students will understand the foundations of the Internet of Things and Industry 4.0. They will learn how companies make use of IoT platforms for enhanced value creation in the fields of product design, manufacturing, and customer integration. Further, the companies offer insights into state-of-the-art challenges when implementing IoT technology. The students gain hands-on experience in prototyping with IoT technology and will be able to evaluate the economic benefits of IoT applications and their opportunities for new business models. In the summer school, the students will learn how to apply state of the art techniques for concept development (Design Thinking and Lean Service Design) to come up with innovative solutions and pitch their ideas. Furthermore, they will be able to develop and evaluate business models, perform an ecosystem analysis, and calculate a business case for real cases of our industry partners.

This programme is organised by EIT Digital Summer School and Technical University of Munich (TUM), Germany.

Target group

We welcome all qualified participants interested in digital innovation and entrepreneurship: Business professionals, bachelor’s degree students, master’s degree students, and doctoral students from any university and industry.

Credits info

4 EC
Acceptance of transfer credit is always a decision of receiving institutions. Any student interested in transferring 4 ECTS credits to another college or university should check directly with the receiving institution.

Fee info

EUR 800: To do our small part to help you make the most of your summer, we have reduced the programme fee from 2,450 EUR to the new attractive and competitive rate of 800 EUR.