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IIoT Gaining Momentum in Adoption and Results




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The IIoT Payback Must Be Quick

Radically new approaches require flexibility in assessing performance. Smart Industry Vice President of Content Keith Larson explored time-to-value. As the name implies, TtV focuses on generating results quickly.

The TtV measure also includes ease of purchase and setup, quickness of integration, and ability to scale. Larson mentioned platforms from Rockwell Automation that set themselves up through automated discovery of network assets and dashboards that configure themselves.

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The consumer Internet of Things (IoT) is a great thing. It helps us stay fit; increases the IQ of our homes, buildings and cities; and empowers everything from alarm clocks to cars. It is destined to grow and, if security and standards issues are solved, thrive.

The use of the same basic technology in commercial, industrial and other complex and dense environments, the Industrial Internet of Things (IIoT), eventually could be even more impactful. Grandview Research predicted this spring that the global value of the IIoT will reach $993.62 billion by 2025. The value of the sector exceeded $100 billion last year and has a compound annual growth rate (CAGR) of more than 25 percent, according to the report.

Grandview says that businesses want to merge operational and information departments of their organizations. Doing so, the report suggests, will “increase the overall productivity, enhance operational efficiency, improve visibility, and reduce the complexities of different processes in the industry."

Cost reduction to date has been the main driver of adoption. Other contributors are the emergence of ancillary and complementary technologies, including low-power hardware devices, the cloud, Big Data analytics, robotics and automation and smart sensors. Let’s look into the interesting world of the IIoT.

 

Related Topics : Blade Servers, Business Integration, Ethernet, LAN, Network Protocols

 
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