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Industrial Internet of Things Adaptation: A Question or A Solution?
For the IIoT to achieve its full potential, industry segments must work with innovation pioneers and regulatory bodies to put in place the standards and strategies required to empower further investments.
Dec 03, 2017—
The evolution of information technology, commonly termed the third revolution in the industrial sector, has elicited one of the greatest applications in industrial history. The Internet of Things (IoT) has been perceived as ground zero of the new phase of the Industrial Revolution, powered by innovation, technology and connected products. Big-data analytics, one of the significant elements of the Industrial Internet of Things (IIoT), has witnessed colossal amounts of investments during the past few years. A large chunk of multinational corporations are already investing more than 20 percent of their annual technology budget on big-data analytics.
The IIoT alludes to an interface designed for bringing together the physical world of machines with the digital world. It is a network that connects industrial devices to each other and enables communication and observation on the basis of the data patterns and information shared by these devices through a common server. The analysis of the data received from the industrial devices is utilized to improve the performance of the industrial processes that can bolster production efficiency and reduce operational costs.
The long-term impact of the Industrial Internet of Things is in steadily altering the competitive landscape of industries and, in turn, creating an outcome-based economy. A brand-new industrial outlook incorporating advanced systems management, integrated sensor frameworks, smart machines and connected intelligent networks will unveil itself following adaptation of the IIoT.
The requirement of favorable infrastructure, resources and workforce to commercialize the IIoT across all sorts of industries is needed, however, considering the above-mentioned key scenarios. The security and safety of the stored information are among the biggest challenges that the IIoT currently faces before a significant uptake is witnessed in adaptation by various industry verticals. The rate of data breaches and hackings has considerably increased during the past few years, and the extent of the damage poses a massive threat to IIoT deployment.
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