Monday, 11 September 2017

Industrial Internet of Things Trends Watch

Industrial Internet of Things (IIoT); also called as the Industrial Internet, is the usage of various IoT technologies for manufacturing. IIoT integrates big data and machine learning, sensor data, automation, and machine-to-machine (M2M) communication technologies. Following are some of the trends in IoT that can impact business and technology.

Digital Twins

Testing a new system on the floor and ensuring bug fixes before it is rolled out are essential for reduced downtime. Connected networks can mitigate this issue. One can now create digital twins or copies of products and test them meticulously before making them live. Digital copies make it is easier to spot any potential issues and fix them before they hit the floor.

Virtual Reality Training

Getting all the workers up to speed on updates and system upgrades is another common issue. However, rising popularity of Virtual Reality (VR) on the factory floor can ensure that all the employees are properly trained without risking downtime and production delays. Moreover, VR allows companies to put their employees through the wringer to ensure that appropriate actions will be followed in case of an emergency. Since it wouldn’t be feasible to do this in real life, VR technology allows companies to put their staff through worst-case situations just to test their crisis management skills.

Message Queuing Telemetry Transport (MQTT)

Connectivity is a major issue for many companies that have large networks of sites that need to communicate with each other on a regular basis. Fortunately, MQTT technology can aid such companies to increase their communication network. It does not require intricate coding or high bandwidth. Hence, enterprises can easily connect with sites at even remote locations. Mobile devices can contact a company’s central hub very easily as it is an M2M data sending protocol.

Market Insights

According to Grand View Research, Inc.; the global industrial internet of things market is expected to surpass USD 933 billion in 2025. High adoption on account of improved affordability and availability of sensors, processors, and other such technologies can drive market during the forecast period (2014 to 2025). International Business Machines Corporation (IBM); Siemens AG; and Cisco Systems are some of the prominent players operating in the worldwide market.

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