The Industrial Internet of Things expected to become a $200 billion or more global industry over the next few years. Microsoft’s Colin Masson discusses why Industrial IoT is the next big thing.
The Industrial Internet of Things is the use of Internet of Things technologies in the manufacturing sector. It incorporates machine learning and big data technology, sensor data, machine-to-machine (M2M) communication and other automation technologies that have been used in the industrial sector for years already.
The Industrial Internet of Things (IIoT) will reshape organizations, companies and maybe even countries.
The big driver behind the IIoT is improvement of operational efficiency. “Smart Machines” that execute better than humans at accurately, capturing important data on a constant and ongoing basis.
The IIoT enables companies to use this data to tackle problems or process inefficiencies that could lead to cost-savings and better decision-making. It’s all part of the rising need for business intelligence in the manufacturing industry. For this sector in particular, IIoT holds great potential for quality control, supporting and improving sustainability (green processes) and SC-traceability.
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