The Industrial Internet of Things, or IIoT, is a subset of IoT that focuses on return on investment (ROI) by leveraging smart sensors and actuators to enhance manufacturing and industrial processes.
The potential of the Industrial Internet of Things to revolutionize industries is enormous, but without the right guidance, companies risk costly missteps and missed opportunities. IIoT is a crucial element of Industry 4.0, which enables companies to unlock higher efficiencies and new capabilities by bridging physical industrial objects with digital technologies. However, implementing these solutions without expertise and guidance can lead to missed opportunities.
To fully benefit from IIoT, businesses need to understand its benefits, requirements, and use cases. Successful integration of these technologies into a company’s operations can lead to improved operational efficiency, increased production capacity, reduced costs, enhanced safety and security, and the ability to create new products and services.
The manufacturing industry generates large amounts of untapped data that can be leveraged by adopting Industry 4.0. By embracing digitization and Industry 4.0, manufacturers can gain a competitive edge by using the information provided by their data sets to optimize performance, availability, and outcomes in their production lines.
The Industrial Internet of Things relies on various technologies, including AI, cybersecurity, cloud computing, edge computing, and data mining. Implementing Industry 4.0 technologies offers several benefits, such as reducing downtime and improving cost-efficiency. These benefits can help industrial systems reach higher manufacturing standards and customizations, and improve security, safety, and energy efficiency.
Through IIoT platforms, companies can connect, monitor, analyze, and act on industrial data in new ways to improve efficiency and reduce costs.
Included in this Intelligence Brief:
- The current state of IIoT
- The benefits of Industry 4.0 for manufacturers.
- The infrastructure, requirements, and applications of IIoT.
- The role of IIoT in asset management, monitoring, and predictive maintenance.
- How to choose the right IIoT strategy
