The Industrial Internet of Things (IIoT) is revolutionizing how companies do business and provide services to customers. The IIoT incorporates big data technology, machine-to-machine (M2M) communication and automation technologies to more accurately and consistently capture and leverage data. This data enables companies to maximize productivity, detect inefficiencies and problems sooner, saving time and resources and supporting business intelligence efforts, thus improving their own efficiencies.
In the future, the IIoT will intersect people, data, and intelligent machines resulting in far-reaching impacts on the productivity, efficiency, and operations of world-wide industries. The impact of the IIoT on the manufacturing and processing industries can, and will be, profound. Because of the ability to collect and analyze actionable and transactional data, these industries will be able to more precisely manage multiple areas within a facility and identify issues in safety, compliance, reliability, and capacity.
As you can see, the IIoT is far reaching and essentially can touch any, and all, elements of a business. Companies will use the IIoT to capture new growth through a couple of approaches: boost revenues by increasing production, use smart technologies to fuel innovation, transforming their workforce as a result.
The IIoT is a major trend with future global implications. Today, most companies use it to improve their current services. Tomorrow they’ll use it to provide value to their customers. Value that is supported by analytics.