WHAT IS THE INDUSTRIAL IOT?
To understand what Industrial IoT is, let’s first take a step back and explain in a nutshell what we mean when we say “Internet of Things”.
In 1999 Kevin Ashton, a researcher at the MIT in Boston, described the Internet of Things as a set of technologies that allows to control, monitor, and transfer information by connecting a device to the Internet.
The Industrial Internet of Things, usually abbreviated with IIoT, is therefore a verticalization of the broader concept of IoT, focused on the industrial ecosystem and enabled by technologies such as cybersecurity, cloud, edge computing, big-data analysis, artificial intelligence, and machine learning.
According to a report signed by IndustryARC, the Industrial IoT market will reach 124 billion dollars by 2021 and should exceed 771 billion dollars by 2026. The CAGR (compound annual growth rate) in the period forecast 2018-2026, is instead estimated at 24.3%.
The key to this growth lies in the fact that data obtained in real time not only allows allow for better management of the production process, but also for better management of all the company assets, offering a clear and immediate picture of the company’s performance in all its areas.
IIoT SYSTEM ARCHITECTURE
The ordinary structure of an IIoT system is a modular architecture organized in 4 Levels:
ADVANTAGES OF INDUSTRIAL IOT
The high availability of data collected makes it possible to monitor and maintain (also in a predictive manner) strategic infrastructures. With AI and machine learning algorithms, we are able to generate estimates and forecasts on possible risks and suggest measures to take before failures occur.
For example, in the infrastructure sector, IoT sensors and predictive algorithms could allow the continuous monitoring of:
The result of Industrial IoT projects is the reduction of energy and maintenance costs, as well as the general improvement of business productivity and work quality.
CRITICALITY OF THE IIoT
However, these critical issues must not discourage investments in IIoT projects. The long-term benefits are extremely superior to the short-term efforts in terms of human and economic resources.
IIoT for Sensoworks
Well before the IoT became a research trend, Sensoworks' parent company (GreenVulcano) was already developing an IoT proprietary solution to offer this kind of services to its customers.
A leader in the integration market, thanks to an experience of more than 10 years, GreenVulcano has recently spun-off Sensoworks, to market its monitoring product: a cloud based (that can also be used on premise), plug and play, dedicated to the management, remote control and predictive maintenance solution able to monitor complex infrastructure systems.
Find out which could be the right solution for the needs of your company and don’t hesitate to write to us for further information.