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Industrial internet of things (IIoT) refers to the use of internet of things (IoT) technologies in manufacturing- and transportation-related industries to create smart, self-regulating systems and production environments.
Spanning many industries, including manufacturing, agriculture, gas and oil, utilities, and transportation, industrial internet of things refers to the practice of employing machines that can capture and analyse data on the fly to maximise efficiency and profits.
For any business that deals with the production and/or transportation of physical goods, IIoT can create game-changing operational efficiencies and present entirely new business models.
Machines that can process and interpret data allow for automated production processes that include the flexibility to adapt on the fly to changing conditions and new data. These machines can also identify when they need maintenance, and sometimes perform self-maintenance. This has the effect of preventing breakdowns and subsequent downtime, increasing overall production capacity and throughput.
Many companies are also seeing the opportunity to make their products intelligent, blurring the lines between the physical and the digital and allowing “as a service” business models to be built around hard goods.
Speak with an IIoT expert about how HPE can help address your business challenges.
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