The Industrial IoT represents a variety of IoT applications, smart product design principles, and data-driven automation practices in the industrial sector of economy. It widely utilizes modern sensor technology to enhance different types of equipment with remote monitoring and maintenance capabilities. On a larger scale, the Industrial IoT is a key element of Industry 4.0, or smart factory, trend of automation, which brings together modern cloud computing, IIoT, and AI to create intelligent, self-optimizing industrial equipment and facilities.
The Industrial Internet of Things is a strategic priority for manufacturing companies as it allows them to give more value to their customers as well as improve cost-efficiency of their internal operations. Smart features become a major selling point for modern industrial equipment, not the least because simplifying field service and reducing TCO for the customer. Enabled with IoT, separate parts of a production line communicate with each other in near real time and makes the entire manufacturing process much easier to monitor and control. Finally, IoT promotes more flexible, open architectures that support greater customization and digital upgrades across tens of thousands of devices.