IIOT
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the latest trends on Industrial Internet of Things and utilize the
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Industrial
internet of things (IIoT):
What is Industrial Internet of Things?
Internet of Things no more needs any
introduction. When these IoT capabilities are implemented in the Industrial and
Manufacturing space, it becomes Industrial
IoT. This technology is an amalgamation of different technologies like
machine learning, big data, sensor data, M2M communication, and automation that
have existed in the industrial backdrop for many years.
Evolution
of IIoT:
Industry 1.0 (1784) :
Ø The invention of steam engines kick started the Industry
1.0. However, the manufacturing was purely labor oriented and tiresome.
Industry 2.0 (1870):
Ø The first assembly line production was introduced. This invention
was a big relief for the workers as their labor was minimized to the possible
extent.
Industry 3.0 (1969):
Ø Involved advancement of electronic technology and industrial
robotics.
Industry 4.0 (2010) :
Ø The vision of connected enterprise through interconnecting
industrial assets through the internet was fulfilled with the introduction of
Industry 4.0.
Advantages
of Industrial IoT:
- Predictive & Proactive
maintenance.
- Real-Time Monitoring.
- Asset/Resource Optimization.
- Remote Diagnosis.
Drivers of IIoT:
- Technology: Smart Sensors, Robotics &
Automation, Augmented/Virtual reality, Big Data Analytics, Cloud Integration, Software
applications, Mobile, Low power Hardware devices and Scalability of IPv6-3.4X 10^38 IP address,
etc.
- Customer Behavior: The edge that IIoT gives to
enterprises over their competitor helps them
achieve better customer satisfaction and retention through value
addition.
- Macro-Economic Drivers: Government policies like Industry 4.0, Smart Factories, Make In India, Make In China 2025 & Smart Cities, Japan’s Industrial Value Chain Initiative Foum, Support of Green initiatives, Rising Energy & crude oil prices, Favorable FDI policies, Policies by regulatory bodies, etc.
Industrial
Internet of Things: The Magic wand for the Economy:
The
endless unfolding of new technologies have added up to a huge list of the “Next
Big Thing”. However not every evolving technology has the potential to break
through the business and social landscape.
Industrial IoT Applications:
Industrial Internet of Things (IIoT) is an ever growing
and rapidly increasing sector that accounts for most of the share of IoT
spending in the global market.
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