Industrial Internet of Things To Play Vital Role In Industry 4.0

  • 28 Dec 2021 13:55
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Industrial Internet of Things To Play Vital Role In Industry 4.0

The Internet of Things (IoT) and the Industrial Internet of Things (IIoT) devices are ubiquitous. From lightbulbs to air conditioners to smart speakers, every device has been digitally transformed and wirelessly connected. Along with simplifying lives, IIoT takes these smart sensors and devices and puts them directly on the manufacturing floor to promote predictive analytics and artificial intelligence.

According to Research Report, the global industrial internet of things (IIoT) market is expected to reach $197 billion by 2023, growing at a CAGR of 7.5% from 2017 to 2023. Due to advancements in technologies and the rising adoption of the internet of things over the last couple of years. The concept of IIoT is not new but it was limited by talent shortages and supportive technologies. However, the 21st century has blessed the industry and IIoT quickly become the disruptive force.

The power of IIoT in Industry 4.0:

IIoT can revolutionize a linear manufacturing supply chain into interconnected systems: digital supply network (DNS). IIoT has the potential to drastically change the way the products are manufactured and delivered to make the factories safer, more efficient, and cost-saving.  

On the other hand, IIoT helps improve operating efficiency. For instance, if a machine in a factory goes down, the connected sensor can spot where the issue is occurring and reduce downtime. Moreover, it can predict when a certain machine is likely to need maintenance and if operating conditions are dangerous. This ability to predict disasters before they happen is crucial for seamless production.

Therefore, several companies have been proactive in incorporating IIoT with edge analytics. IIoT can be supplemented with open-source computer hardware and software applications. Through easy capture and analysis of humongous business-essential data, manufacturers can improve waste performance, productivity, and make more informed decisions. Furthermore, edge analytics can reduce costs and improve quality and overall performance.

Recent happenings in the industry:

In the context of the Industry 4.0 revolution, IIoT is instrumental to transform production processes and cyber-physical systems using edge analytics and big data. With IIoT, machines can take over the redundant tasks, which previous industrial revolutions fail to achieve. Ultimately, it is just a first step toward connected ecosystems and a building block of smart cities and smart factories.

Today, every industry is responsible for creating a huge amount of data, which is of no value if it is not treated with an advanced algorithm of AI and machine learning. Manufactures can get a competitive advantage by analyzing data and boosting the annual saving and therefore, bottom line.

However, the only obstacle is cyber security. The threat of cyber-attacks is real and we lack basic measures to protect cloud-connected devices. There are security gaps such as exposed ports and a lack of authentication practices that hamper the adoption of IoT devices in industries. However, with time, security measures are expected to improve and become safer. 

In short, it is not just about connecting every machine in a factory but leveraging AI and machine learning in data analysis in real-time to make quick, informed decisions, long before a potential issue. What’s more, in a mission-critical situation, respective systems would autonomously decide which action to take. This is where the true potential of IIoT can be utilized.

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Charles Petzold By, Charles Petzold
Charles Petzold is the developer of the Sublime site. He is a programmer with a strong interest in cutting-edge technology. He addresses each article with excitement, full of love for his passionate customers.
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