Industrial Internet Of Things
The advent of the IIoT brings together the things of the industrial sector, countless pieces of industrial equipment, machines, production facilities, plants, with smart devices, and the cloud, which hosts the software and analytics for making decisions based on data from the things.
The IIoT vision of the world is one where smart connected assets (the things) operate as part of a larger system or systems of systems that make up the smart manufacturing enterprise. The “things” possess varying levels of intelligent functionality, ranging from simple sensing and actuating, to control, optimisation and full autonomous operation.
Every machine and system in your business holds a wealth of data and a recent worldwide market study by Berg Insight predicts that by 2020 there will be 43.5 million IoT devices in industrial automation.
But what good does it do if your machine or factory is internet-connected? How can it benefit you and your business?
For industrial equipment, the idea is not to just add sensors everywhere. The strategy is to collect information that drives business objectives, resolves a technical or operational bottleneck, and meets industry standards and regulations.
Many low cost and previously dumb devices are now capable of capturing and publishing information about their operation in real time. By harnessing and distributing the wealth of data created by previously unconnected, non-automated processes and equipment, companies can collect and analyse operational data from all areas of their business, which drives efficiencies and reduces costs.
The major goals include optimization, reliability and new value creation (reducing downtime, extending asset life, reducing failure).
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