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Manufacturing and IoT: Industrial Internet of Things (IIoT)
Manufacturing businesses are increasingly equipping their plants with sensors to monitor their processes and activities. Manufacturers are already collecting vast amounts of data. A recent survey by Frost and Sullivan found that data collection for manufacturing, or the Industrial Internet of Things (IIoT) now accounts for 14 percent of all data stored globally.
A survey by Zebra Technologies found that 97 percent of manufacturers consider IoT to be one of the most disruptive technologies impacting their industry and 83 percent of manufacturers expect to have an IoT implementation in place within the next year
Greg Gorbach, vice president for ARC Advisory Group’s IIoT, said that “industrial companies are beginning to move beyond the computer-enhanced business models of the late 20th century. Many are embracing new models that take advantage of intelligent connected products coupled with potent software and analytics. With IIoT, we expect to see innovations in smarter products, new service and operating models, new production techniques, and new approaches to design and sourcing… For companies with the right mindset, Internet of Things (IoT) platforms will open up big opportunities for improved asset performance, new service offerings, improved operational efficiency, and completely new ways of offering value to customers.”
