The Industrial Internet of Things (IIoT) is poised to significantly improve reliability, production, and customer satisfaction. Initially focusing on improving existing processes and augmenting current infrastructure, IIoT will rely upon as well as integrate with certain key technologies, devices, software, and applications.
However, IIoT is part of a broader trend towards the transformation of industry as part of a fourth industrial revolution (e.g. Industry 4.0) that involves more than just manufacturing. IIoT is poised to transform many industry verticals including healthcare, retail, automotive, and transport.
IIoT is at the center stage of Industrial Convergence, which represents the synergistic blending of certain key technologies including broadband wireless (WiFi, LTE, and 5G), Cloud Computing, Big Data and Analytics, Smart Infrastructure, and various IoT solutions.
This convergence of technologies will transform everything from manufacturing to enterprise automation. The benefits to business and society as a whole are many and varied including greater efficiency, new and improved products and services, and greater flexibility such as products as a service.
One of the first industry verticals to see a positive impact is the manufacturing industry, which is rapidly transforming as technology, competition, and the evolving demands of global consumers dictate the need for continuously improving efficiency and flexibility.
One important convergence area is flexible and distributed manufacturing. 3D Printing is a form of additive, distributed manufacturing that provides the ability to create physical objects from digital designs through a layer-by-layer process using various types of raw materials.
For more information and other topics see the Mind Commerce Knowledge Center