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The Internet of Things (IoT) is a universal term that can apply to internet-connected devices in numerous markets, including automotive in-car, medical, residential, consumer, and industrial. The Industrial Internet of Things (IIoT) is distinct, however, due to the unique nature and requirements of devices, assets, and applications used in manufacturing and other demanding industrial environments.
ARC Advisory Group research indicates that the industrial sector could be one of the greatest potential beneficiaries of the IoT value proposition in terms of both connected end products and connected production assets and operations. Manufacturing is typically known for its slow pace of technology adoption, but the combination of the compelling connectivity value proposition for new installations combined with the prospects for retrofit of the huge installed base of production equipment translate to significant potential benefit for manufacturers. This potential to retrofit the large installed base is another characteristic that separates the industrial version of the IoT from consumer and other implementations.
Retrofits are key to the IIoT value proposition, since without appropriate connectivity, existing equipment would be excluded from the IIoT architecture. Failure to retrofit existing equipment with appropriate connectivity would result in underachieving point solutions residing next to crucial equipment that does not contribute to incremental production performance improvements and is not part of the IIoT architecture. Plus, performance improvement and machine uptime strategies would not be able to access or benefit from data locked inside unconnected devices.
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Keywords: Industrial Internet of Things (IIoT), Industrie 4.0, IT/OT Convergence, Connected Devices, Retrofits, ARC Advisory Group.