Industrial IoT is transforming the way plant environments operate by enabling hyper-connected networks that provide value through smart factories, predictive maintenance, energy management, remote monitoring, and more. This technology empowers industries to optimize productivity, increase efficiency, and reduce costs.
The IoT (Internet of Things), objects and devices of any kind connected to The Internet, is already a reality, and that has come to make life easier for us. Anything that we can imagine can be connected to the Internet and interact without human intervention. It is predicted that somewhere between 20 and 50 billion devices will be connected to the Internet by 2020, depending on the source, and by 2030 this figure is projected to grow to more than 125 billion connected devices. Its applications are almost infinite, and the sectors in which this technology is applied are increasing on a daily basis.
But the IoT is not only a customer centric technology focused on the service to daily life. Speaking about IoT is to speak about Industry 4.0, or what we know as IIoT (Industrial Internet of Things). Thus, according to a study by the Industrial Communication Report, in 2016 there were 90 million IoT devices in industries worldwide. By 2021 this number is expected to increase to 150 million connected devices.
Industrial IoT does not necessarily mean large systems and machines that carry out complex industrial processes. Industrial IoT can also be small sensor devices capable of providing data, information, and alarms, that help to carry out daily business analysis, taking simple automated actions or starting certain protocols automatically.
IIoT is about creating environments capable of monitoring, collecting information, analyzing data and making decisions immediately in a very effective way using hyper connected networks. Today, there are already thousands of production plants and industrial infrastructures in the world that have hundreds of devices and sensors connected to the Internet, in sectors such as energy, the railway or all the deployments related to Smart Cities. It is also reaching great importance in sectors such as agriculture, health and commerce, but, according to IDC, the highest acceleration will be in the manufacturing and automotive sectors.
All this together with the creation of cyber secure environments, capable of being self-managed remotely, means an unprecedented increase in productivity, performance and efficiency in the the way industrial environments are operated. This translates into significant competitive advantages, new business opportunities and more importantly, significant cost savings.
According to Gartner, by 2022, more than 80% of industrial IoT projects will include Artificial Intelligence, compared to the 10% as of today. This represents a promising future for IoT.
Are you considering how to apply Industrial IoT to your specific case? Do not hesitate to contact us for more information.