Smart Cities

The Industrial Internet of Things is About More Than Just Efficiency

The Industrial Internet of Things (IIoT) is built on the principles of efficiency, optimization and cost saving. However, there is much more to the IIoT than making things leaner, quicker and cheaper. The IIoT is creating value where there was none, it is supporting development outside its set definitions, in fact the IIoT seems to discover new game-changing opportunities wherever it explores. “IIoT presents a transformational opportunity for industry as the trends of urbanization, electrification and digitization all converge,” states Schneider Electric EVP and CTO, Prith Banerjee, in an article for CIO Review. “Whether for the supply chain, manufacturing line, energy grid, pipelines, water system or smart city, a new wave of applications for IIoT is currently being developed, mirroring the proliferation of ‘apps’ driven by the omnipresence of the consumer internet.” We can trace the IIoT concept back at least a decade, emerging on the back of technologies such as radio frequency identification (RFID). […]

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