A Technology Revolution Without a Name

Author photo: Greg Gorbach
ByGreg Gorbach
Category:
Industry Trends

Well, without one single name. 

"Industrial Internet of Things (IIoT)" is one of several terms used to describe the technological transformation industrial companies are facing.  The industrial sector is transitioning to a connected, information-driven, 'smart' era in which cyber-physical systems, software-defined machines, ubiquitous networks, advanced analytics and execution software, and a new IT infrastructure allow manufacturers to optimize production systems and supply networks, better serve customers' individual needs, create jobs and improve workers' lives, improve sustainability, and radically improve productivity, product innovation, and business and service models. 

IIoT represents a broad, diverse, and multi-faceted set of technologies and solutions, which can make it difficult to make comparisons and identify trends.  The term "Industrial Internet of Things (IIoT)" readily conjures up the notion of ubiquitous connectivity, but it's worth keeping in mind that machine intelligence, analytics, software, and new business models are equally important. 

The emerging IIoT marketplace is addressed by at least three classes of providers:

  - Technology providers such as chipmakers, network companies, and embedded software

  - Solution providers such as automation companies and software companies that use specific technologies to offer targeted solutions for specific problems, or offer broad platforms to be used in building such solutions

  - OEMs such as carmakers or heavy equipment manufacturers that incorporate specific technologies and solutions in their product offerings. 

Other terms commonly applied to this phenomenon include "Industrie 4.0," "Industrial Internet," "Smart Manufacturing," "Industrial Internet," and "Internet of Everything"

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