The term “the Industrial Internet of Things” is pervasive in the context of industry as digital transformation has become a business priority for many organizations. So, what is IIoT?
The Industrial Internet of Things (IIoT), also known as the Industrial Internet, brings together critical assets, advanced predictive and prescriptive analytics, and modern industrial workers. It is the network of a multitude of industrial devices connected by communications technologies that results in systems that can monitor, collect, exchange, analyze, and deliver valuable new insights like never before. These insights can then help drive smarter, faster business decision-making for industrial companies.
IIoT has transformed industry—changing the way industrial companies operate from day-to-day. Whether it’s enabling Industrial AI to detect corrosion inside a refinery pipe, providing real-time production data to uncover additional capacity in a plant, or accelerating new product development by feeding operations and service data back into the product design cycle, IIoT—and the software solutions powered by it—are driving powerful business outcomes.
By combining machine-to-machine communication with industrial data analytics, IIoT is driving unprecedented levels of efficiency, productivity, and performance. And as a result, industrial companies in power generation, oil & gas, utilities, manufacturing, aviation, and many other industries are experiencing transformative operational and financial benefits.