Industrial Internet of Things (IIoT) as a concept has increasingly gained momentum owing to the growing need for digital transformation in the manufacturing sector.
Fundamentally, IIoT involves setting up of an interdependent network of devices, sensors and machines to collect critical production data, uploading that to cloud software and using advanced analytics to turn the data into valuable insights to improve the manufacturing operations.
The changing dynamics of the global economy, along with a lot of other factors, have accelerated the pace of IIoT adoption in modern production environments.
Growing demand for customization, swelling customer expectations, globalization and complexity of supply chain systems are some of the factors persuading manufacturers to create smart assembly and production lines with the help of digital transformation tactics.
BSquare Annual IIoT Maturity Survey Revelations