Innovation and Opportunity in the Industrial Internet of Things
Digital Technologies: Advancing Company Process and Risk
(DESCRIPTION)
Arrows move left to right against a white background. Bubble with a video of machines. Bubble with gears. Bubble with animated machine.
(SPEECH)
SPEAKER: Precision and speed, they're more vital than ever to manufacturers today. Internet connected manufacturing technology gives you both.
(DESCRIPTION)
An animation of a factory in a bubble that connects to two gears in a bubble and a scope viewer in a bubble.
(SPEECH)
Yet when everything is connected, your business is suddenly vulnerable in ways it never was before.
(DESCRIPTION)
The bubbles and arrows flash red.
(SPEECH)
Think about it. Digital controls allow you to set specs all along your production line.
(DESCRIPTION)
A piece of hardware behind a scope viewer. Three sliders to the right of the hardware have numbers above them. From left to right they read 13, 25, and 87. A scale on the left of the hardware reads 10,000, 5,000, and 1,000.
(SPEECH)
Connected sensors monitor specific functions, ensuring precision and quality of everything you produce, from components to finished products.
(DESCRIPTION)
The scope viewer slowly moves over the entirety of the hardware.
(SPEECH)
When customer needs change, you can change specs and quickly send signals to every connected machine.
(DESCRIPTION)
Three bubbles connect to the hardware. One has a spec drawing of a pipe, one has a spec drawing of the hardware bolts, and one has a spec drawing of a curved pipe.
(SPEECH)
It's fast, it's efficient, it's precise. But it can be risky.
(DESCRIPTION)
Seven animated workers in goggles and hard hats in a bubble against a red background.
(SPEECH)
Imagine a disgruntled former employee who wants to build his new business by hurting yours.
(DESCRIPTION)
One of the workers turns red with red distress lines coming off of them. They move along the hardware and touch different parts of it, turning them red.
(SPEECH)
He hacks into your network and changes a few machine settings to throw off the specs, damaging production equipment or causing faulty products to be made.
(DESCRIPTION)
Three bubbles against a red background. From left to right, one bubble has a box labeled "Ship" in it, one bubble has a gavel and block, and one bubble has a sign that says "Closed" in it.
Three bubbles against a white background. One bubble on the left with Travelers umbrella logo connected to two other bubbles. First bubble has a warning symbol and the bubble under that has a lock symbol. A fourth bubble appears on the far right with animations of a factory, a worker, and a machine.
(SPEECH)
Not only could you be responsible for the damages caused by faulty products, you could also lose business. And your reputation could be damaged. Don't let this happen. Prepare for the risks with Travelers. We have risk management specialists to help you protect your people, your equipment, and your business from the risks of connected manufacturing. Contact your Travelers representative today.
[MUSIC PLAYING]
(DESCRIPTION)
Logo, Travelers. A red umbrella. Text, Contact your Travelers representative today.
Developing a new product results when opportunities outweigh the risks. Today’s digital technologies make it possible for manufacturers to stay competitive with streamlined processes that enable efficiency and precision. But, they also can present new types of threats, many of which are difficult to detect. One wrong command, whether caused by human error or malicious code, can damage a company’s product, reputation and customer confidence. Our expertise in risk management can help protect your people, your equipment and your bottom line for continued growth in the years, and technological advancements, to come.
IoT: The Connection to Performance and Vulnerability
(SPEECH)
[MUSIC PLAYING]
SPEAKER: The Internet of Things offers you the ability to track and monitor what's happening all along your supply chain and at every step of your manufacturing process. It's efficient and reassuring, right? Maybe not. Let's say you use RFID tags to track supplies or finished product.
(DESCRIPTION)
Supplies move along an animated map.
(SPEECH)
What if someone hacked your RFID system and then passes that information to competitors? Think about it. Your competitors could then learn who's making your parts. They could steal proprietary information. They could break into your sales, pricing, or inventory management systems.
Don't let this happen to you. Being connected is your competitive edge. It helps you deliver as promised. Yet, it makes you vulnerable in ways you never were before. Get ahead of these risks with Travelers. We have the expertise in risk management, supply chain disruption, and cybersecurity that can help protect your people, your equipment, and your business from the risks of connected manufacturing.
Travelers Logo
Contact your Travelers representative today.
(DESCRIPTION)
The Travelers Umbrella is a registered trademark. Coverage for all claims or losses depends on actual policy of bond provisions. Availability of coverage can depend on our underwriting qualifications and state regulations.
The Internet of Things allows manufacturing companies to effectively monitor, analyze, and update their processes every step of the way. And, while new technologies can help improve company performance and productivity, they can also make you vulnerable. Whether it’s a malfunctioning software program or a system glitch that causes RFID information to become corrupted, one small error can have a big impact, causing missed commitments, delays and reputational harm. Our experience in supply chain management, cyber preparedness and security allows manufacturers to confidently stay connected and competitive.
