With the beacon of technology brought about by the Industrial Internet or the Industrial Internet of Things (IIoT), there has been a huge wave of a change in method of manufacturing, shipping and managing products.
Electronically monitoring and controlling physical aspects of the world gives rise to the possibilities of the IIoT. When looking at the question of why Internet is growing now, it is primarily because it is enabled by affordable technology as the power of computing is growing incessantly, communication between machines is low-power and there are connected and inexpensive sensors. It is foreseen that in the next 3-15 years, business and public services will see a break through caused by the Industrial Internet. Businesses preparing an IoT strategy and building experience through experimenting with technology can give an upper hand to understand the technology as well as to foresee the shortcomings involved.
The Internet of everything makes it possible for companies to use technologies such as machine-to-machine learning, sensors and other technologies to pull together and analyze data of material objects or other wider data streams. The data derived out of these analyses are used to supervise operations and improve the quality of services provided and add value to it. The IoT is gaining importance for the pivotal role played by it in the next stage of factory level automation which is called as “Industry 4.0” by the industry experts. Industry 4.0 refers to the full scale digitalization of production and creating a meat blend between the digital and physical aspects inside a factory, enabling the monitoring and controlling of production tools improve efficiency of the factory settings.
At a personal level, the IoT platform is already fully operation in the realms of fitness, electrical and electronic appliances, entertainment, and security devices. There is a need for collaboration at a very high level to facilitate the required interoperability and standardization to be able to provide profit in the world of industries.