Industrial IoT not only supports processes, but also automation at industrial sites. It is a mechanical framework for interconnected machines that enables machine-to-machine communication and is monitored and controlled using a software-based platform. Such a framework offers great potential for using predictive maintenance to improve system reliability. Advanced data analytics resulting from IoT-augmented infrastructure and processes enable transformational business results by developing new business models, services, and new revenue streams.
Industrial IoT represents a variety of IoT applications, intelligent product design principles and data driven automation practices in the industrial business sector. It is often used in modern sensor technology to extend various device types with remote monitoring and maintenance functions.
The industrial scale is a key element of the industry or Smart Factory, the trend of automation that combines modern cloud computing, IIoT and AI into intelligent, self-optimizing industrial equipment and facilities.
The Industrial Internet of Things is a strategic priority for manufacturing companies, enabling them to add value to their customers. Smart TCO (Total Cost of Ownership) for the customer. Thanks to IoT, parts of a production line and the production process can be much more easily monitored and controlled.
Finally, the IoT promotes more flexible, open architectures that support greater customization and digital upgrades of tens of thousands of devices.
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