November 20196 MANUFACTURINGTECHNOLOGYINSIGHTSThe industrial internet of things (IIoT) is responsible for improving operational efficiency and business competitiveness in diverse industries ranging from manufacturing to retail. In order to address a myriad of business problems, companies are turning to IIoT-powered systems for supply chain management, smart monitoring, remote diagnosis, production integration, inventory management, and predictive maintenance. It comes as no wonder that global technology spend is expected to reach USD 1.2 trillion by 2022.An increasing number of firms are leveraging IIoT solutions to develop a digital twin for their business assets. In the manufacturing industry, digital twins support many industry 4.0 solutions helping optimize production processes rather than the individual assets in day-to-day operations and processes. Enterprises are also investing in IoT-enabled predictive maintenance of their assets to fix automated systems before critical errors creep in. Connected IIoT sensors and machine learning can help anticipate component failures, and as a result, reduce equipment downtime.Until now, the centralized cloud was preferred to control connected devices. However, with IIoT devices and sensors expected to generate significantly large amounts of data, many issues such as high network load, poor response time, and security risks need to be addressed. For this reason, businesses are taking advantage of local data processing and artificial intelligence capabilities, also known as edge computing. Edge computing cuts down the costs of data storage, improves system efficiency, and reduces security risks. Firms across various industries are adopting IIoT devices and technologies to accelerate business growth and gain a competitive advantage in their respective domains.Highlighting new developments in the IIoT space, this special edition brings innovative solutions and disruptions in the field. Manufacturing Technology Insights brings to you this edition on `Top 10 Industrial IoT Solution Providers ­ 2019.' We are featuring a list of key players in the IIoT space along with insightful articles from industry thought leaders. Let us know your thoughts!Powering the Fourth Industrial RevolutionEditorialCopyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Contact Us:Phone:510.936.8381Fax:510-894.8405Email:sales@manufacturingtechnologyinsights.comeditor@manufacturingtechnologyinsights.commarketing@manufacturingtechnologyinsights.com November - 22 - 2019, Vol 05 - Issue 21 (ISSN 2644-2493) Published by ValleyMedia, Inc. To subscribe to Manufacturing Technology InsightsVisit www.manufacturingtechnologyinsights.com Editor-in-ChiefLaura DavisEditorial StaffSalesVisualizerJames D PhillipsAndrew D'souzaandrew@manufacturingtechnologyinsights.comAva Gracia Peter ThomasRose DcruzCalvin JamesTECHNOLOGY INSIGHTSTECHNOLOGY INSIGHTSLaura DavisEditor-in-ChiefManufacturing Technology InsightsWrite to useditor@manufacturingtechnologyinsights.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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