The Internet of Things (IoT) promises a fully automated world where physical objects will communicate without human interaction. As a segment of the IoT, the Industrial Internet of Things (IIoT) is slated to revolutionize how we do business and usher in a new era of economic growth. The IIoT will improve productivity, efficiency and operations on a global scale by linking people, data and intelligent machines.
The IIoT integrates physical machinery with sensors and software that can be networked to the Cloud in order to provide real time visibility, control and monitoring of business assets. These smart machines provide data that is analyzed and used to control and monitor operations and make real-time decisions, thus improving operational efficiency, reducing waste and saving money. Machines will communicate and work with each other in machine to machine (M2M) networks to optimize production and workflow.
Pilot projects have proven that the IIoT has the ability to transform a large spectrum of industries including healthcare, manufacturing, logistics, energy and agriculture.
The IIoT will connect more than a century of existing mechanical and electrical infrastructure to the Internet including manufacturing equipment, fleet tracking and HVAC systems for example. From equipment that relays service alerts before it breaks down, to monitoring valves controlling the flow of gas in refineries, the IIoT has the power to greatly reduce waste and operating costs across many different industries.
The IIoT is projected to be one of the fastest growing markets over the next several years with over 26% CAGR and nearly $320 billion in worldwide revenue by 2020. It is also forecasted that as many as 25 billion IP enabled "things" will be networked by 2020!
As the IIoT breaks ground L-com will support its development with high quality infrastructure products that will keep you up to speed with this emerging technology. L-com manufactures a wide array of high quality products for your IIoT needs including antennas, cable assemblies, connectors, Ethernet switches, media converters, industrial enclosures and more.