What is IIoT?

How Industrial IoT can Help your Business

by Taivara, Technology Innovation

What is IIoT?

IIoT stands for Industrial IoT or Industrial Internet of Things. Sometimes referred to as Industry 4.0, it refers to any industrial, manufacturing, or energy management environment that uses sensors and other devices to collect data, communicate with each other, and report information back to the business.

Companies collect and analyze this data to track machinery performance, improve efficiency, and make better-informed decisions.

How big will IIoT be?

According to GE, IIoT will generate $10-$15 Trillion in GDP worldwide over the next 15 years. It’s estimated that over 20.6 Billion devices will be connected, IoT, devices by the year 2020.

The applications aren’t just for manufacturing. Cities, cars, and energy grids are all joining in on the IIoT hype trying to become smarter and more efficient.

Examples of IIoT in Action

Caterpillar & Vehicle Maintenance

Caterpillar Inc saw that their customers often took the “repair after failure” approach to their machines, meaning that they wouldn’t know of a problem with their machines until after something failed and needed a repair or replacement.

Caterpillar began to implement sensors into their vehicles to measure their performance. They used predictive analytics to tell if something was about to go wrong, allowing the vehicle operator to diagnose and fix the issue before total failure.

Amazon and their Robotic Workers

Amazon processes hundreds of orders every minute. With millions of different products in their inventory, it’s nearly impossible for a fleet of humans to go find and grab a package each time an order is placed.

Their solution is to track the exact location of every product throughout their warehouses. Whenever an order is placed, they notify a robot to process the order, determine the priority of the order, go grab the product, and bring it to the shipping area.

By placing sensors on every merchandise rack, Amazon is able to communicate the location of every product back to their robots, allowing the entire factory to operate at a very high level of efficiency.

CGI & Elevators

Another example of a company taking on preventative maintenance is CGI. They hooked up thousands of sensors in their elevators to track how the machines were operating.

This allowed them to spot potential problems in the machinery prior to a breakdown occurring. This helped prevent breakdowns with people still inside, giving them a huge edge up on the competition.

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