“The extension and use of the internet of things (IoT) in industrial sectors and applications is referred to as the industrial internet of things (IIoT). The IIoT enables industries and companies to improve their efficiency and dependability in their operations by focusing on machine-to-machine (M2M) connectivity, big data, and machine learning. The IIoT encompasses industrial applications, including robotics, medical devices, and software-defined production processes.”

The industry may benefit from stronger system integration in terms of automation and optimization, as well as better visibility of the supply chain and logistics, thanks to the convergence of IT and OT. The use of smart sensors and actuators, as well as remote access and control, makes it easier to monitor and operate physical infrastructures in industrial processes such as agriculture, healthcare, manufacturing, transportation, and utilities.

The IIoT is critical to how cyber-physical systems and production processes will adapt with the use of big data and analytics as part of the fourth industrial revolution, called Industry 4.0. Real-time data from sensors and other sources aids industrial devices and infrastructures in “decision-making,” allowing them to generate insights and take specified actions. Machines can also take on and automate jobs that were previously impossible for prior industrial revolutions to accomplish. In a larger sense, the IIoT is critical for use cases involving networked ecosystems or surroundings, such as how cities and factories become smart cities and smart factories.

Read More :- https://www.pukkapartners.com/insight/the-future-of-industrial-internet-of-things-iiot-market

Major Market Highlights:

Intel's AI technology was used in collaboration with John Deere to assist solve an expensive, long-standing problem in the production welding process. In its manufacturing facilities, Deere is testing a system that employs computer vision to automatically recognize frequent errors in the automated welding process.
Cisco has teamed up with Newark, an Avnet company, to offer clients across North America industrial IoT network solutions for rugged and non-carpeted environments.

Plataine worked with SAP to integrate IIoT and AI-based digital manufacturing tools into its business offering. Plataine's cloud-based IIoT and AI-based digital manufacturing software are now accessible on SAP Store, which merged with SAP App Center to create a unified digital store for SAP and partner offerings.

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