Internet of Things & Industrial Internet

The Industrial Internet of Things (IIoT) refers to interconnected sensors, instruments, and other devices networked together with computers' industrial applications, including manufacturing and energy management. It brings together brilliant machines, advanced analytics, and people at work.

Introduction

Internet of Things:

The Internet of things (IoT) is the network of physical devices, vehicles, and other items embedded with electronics, software, sensors, actuators, and network connectivity which enable these objects to collect and exchange data. In 1999, 18 years ago, when just 4% of the world’s population was online, Kevin Ashton coined the term Internet of Things. Now the Internet of Things expected to comprise 30 billion connected devices by 2020.

Industrial Internet:

The Industrial Internet is a term coined by GE and refers to the integration of complex physical machinery with networked sensors and software. The industrial Internet draws together fields such as machine learning, big data, the Internet of things and machine-to-machine communication to ingest data from machines, analyze it (often in real-time), and use it to adjust operations.

Application of Technology

IoT has many commercial applications including monitoring of industrial equipment for availability and secured operations, predictive analysis to prevent unplanned downtime or equipment failures, economic optimization by efficiently operating industrial assets and fleets, intelligent process automation, such as in manufacturing or transportation and building sustainability solutions for reducing the environmental impact of operations

Industrial Internet uses Sensors, Actuators, and big data to drive value for industrial businesses. Sensors for the Industrial Internet can collect data from environmental factors like Pressure, Temperature, Moisture, Air flow, Acceleration, Position/Velocity & Proximity. Actuators are what manipulate the physical world in an Industrial Internet system. They are a type of motor, and they convert some form of energy into actual movement. The concept of Big Data has often been defined by the three Vs, volume, velocity & variety.

Industrial Internet = Sensors + Actuators + Control systems + cloud-based systems

Despite wide concern about cyberattacks, outages, and privacy violations, most experts believe the Internet of Things will continue to expand successfully the next few years, tying machines to machines and linking people to valuable resources, services and opportunities.

Business Case Example

Nano Sensors: One of the most exciting areas of focus today is now on nanosensors capable of circulating in the human body or being embedded in construction materials. Once connected, this Internet of Nano things could have a huge impact on the future of medicine, architecture, agriculture, and drug manufacture.
Other Uses: IoT can enable remote monitoring for millions of patients, analyze trends to create delightful shopping experiences, or save billions by providing predictive analysis for deployed machinery