What is the Industrial Internet of Things (IIoT), all about? Well, in very simple terms it brings together critical assets, and ensures predictive and prescriptive analytics, are understood and easily interpreted within the modern industrial environment.
Essentially, it is a network of industrial devices connected by communications technologies that results in systems that can monitor, manage, collect, optimize, analyze, and deliver valuable new insights. These insights can then help drive smarter, faster business decision-making for industrial companies.
And why is this relevant?
The industrial sector like other industries has some very stringent business objectives such as: producing more and spending less, maximizing output while minimizing waste, enhancing employee empowerment to make critical decisions more effectively and successfully.
We are at the intersection of business needs and technological aspirations and IIoT will play a significant role in transforming industrial practices—changing the way industrial companies operate from day-to-day.
Whether it’s enabling Industrial AI to detect deterioration inside a refinery pipe, providing real-time production data to uncover additional capacity in a plant, or accelerating new product development by providing operations and service data back into the product design cycle, IIoT coupled with intelligent software solutions will be driving powerful business outcomes.
Combining machine-to-machine communication with industrial data analytics, IIoT will make sure unprecedented levels of efficiency, productivity, and performance are achieved. And as a result, industrial companies in power generation, oil & gas, mining, forestry, and many other industries will undergo transformative operational and financial benefits.
What is the difference between Industrial IOT vs. Internet of Things?
We must think of Industrial IOT as connecting machines and devices in industries such as oil and gas, power generation, and mining, where there is more jeopardy or where system failures and unplanned downtime can result in life-threatening or high-risk situations. On the other hand, the Internet of Things tends to be consumer devices such a smart home monitoring and fitness wearables. They are functional and can provide conveniences but do not typically create emergency situations if downtime were to occur.
As the Industrial IOT connects critical machines, more and more data will be created from an increasing number of machines, systems, and devices, therefore, the volume of critical and valuable insights to be realized and acted upon is infinite.
Are you ready to start your IIoT journey?
No matter where you are on your Industrial IOT journey, industrial hardware and software can deliver breakthrough business outcomes with simplicity, speed, and scale. Empowering the industrial worker(s), to solve the toughest challenges by putting industrial data to work.
The Broadnet team can help you, feel free to connect with Andy Richardson arichardson@broadnet-telecom.ca
