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The Industrial Internet of Things (IIOT), also known as the Industrial Internet of Things, brings together brilliant machines, advanced analytics, and people at work. It’s the network of a multitude of industrial devices connected by communications technologies that results in systems that can monitor, collect, exchange, analyze, and deliver valuable new insights like never before. These insights can then help drive smarter, faster business decisions for industrial companies.
As with any other area of your business, take a look at where your reality isn’t living up to your requirements. Where’s your pain? If it’s in throughput, take a look at how your data can be used in an OEE/FIS application to give you better insights into bottlenecks, starved stations and machine downtime. If you’re adding value to faulty products or running into product recalls, consider where you can implement IIOT for traceability. If you’ve got unacceptably high rates of scrap, take a look at IIOT options for error proofing. Another way to look at it is in terms of your highest-cost operations. What data are they generating?
1990- Internet of Content.
2000- Internet of services/people Skype
2010- Internet of Things
In that sense it is safe to say that, despite the fact that we’ve been talking about the Internet of Things for a long time and the fact that IIOT in many industries is a reality, we are still in the early years. Although it is expected that, as a term and concept, the Internet of Things will disappear and just become part of a new normal, we are far from there. Note, however, that in a business context it’s best to focus on goals and use cases when trying to get projects accepted and done than to speak about the IIOT.
With the exponential growth, enabled by what Gartner would call a “nexus of forces”, comes growth in many other areas such as traffic, storage, processing capacity, data volumes, network capabilities, you name it.
The Internet of Things exists in many industries, applications and contexts. Some projects are still in the pilot stage while others form the backbone of important processes, operations and innovations. In other words: the Internet of Things is certainly here but the degree in which it is changing the ways we live, work and conduct business depends on the context.