The world is at the cusp of the greatest of all, the fourth Industrial revolution!
Initiating with water and steam to mechanize production in the first, and now coming up with the master fusion of industrialization and IoT ( Internet of things ) in the fourth one.
BUT WILL THE WORLD STILL DWELL ON ITS LEGACY OR IS IT PREPARED TO WITNESS A VASTLY DIFFERENT FUTURE?
The advent of IoT in industrialization is going to make the globe communicate, literally!
Internet of things is defined to be the ‘intelligent connectivity of smart devices’ by which objects can sense and communicate with one another. This enables us to evaluate and change the decisions about the physical world. The emerging industrial IoT is taking every step towards the reconfiguration of industry. The intent of this joint initiative is to encompass a framework for a particular strategy so as to achieve a milestone with substantial funding from both the public and private sources.
WATCH YOUR SMART FACTORIES COMMUNICATE FASTER THAN THE SPEED OF LIGHT
- FASTER DECISIONS ARE COMING YOUR WAY –
The payoff for the industrialists will be better and faster decisions. The word ‘smart’ defines digital connectivity! When two or more devices are connected to one another, the data that they generate can be very conveniently transmitted further to any software application. The application acts as a helping hand to provide information to the individuals for use. Every step taken in the process is to be evaluated in reference to the decisions it will lead to economically and physically. Hence, leading to the establishment of Smart factories
- TOOLS ARE NOT JUST TOOLS, THEY ARE SYSTEMS
In the world of industrial IoT, every tool has a system installed called the CYBER PHYSICAL SYSTEM (CPS). The CPS integrates sensing, controls, computation, and networking into our physical tools by the medium of the internet. This allows us to measure the comprehensive performance of our device very precisely. The next advantage is Energy Management in the factory. The power consumed by all the devices can be measured and controlled conveniently bringing in effectiveness, efficiency, and optimization in the business.
- THE TWO PILLARS OF IoT – CLOUD COMPUTING AND BIG DATA
Migrating to the cloud is always a great idea since its capacity to store and process data is unlimited. Also, it is generally more economical and flexible than any on-site alternative available. Other than this the industrial environment has massive data streams flowing to and from connected systems. Big data gathers and grants access to these data streams generated by the factory.
- SMART FACTORIES LEADING US TO SMART CITIES
Have the water running, roads unblocked, and the people happy; there you are in a Smart City! IoT is here to change the entire concept of urban living. The industrial IoT is constantly working towards the reduction of costs, improvised communications, and enhanced services.
IoT holds the potential of providing real-time access to information, consumption, and demand & supply. Henceforth, boosting the macro productivity of the country.
BEFORE YOU GET SET AND GO, MARK THAT YOUR INDUSTRIAL IoT JOURNEY HAS CHALLENGES TOO!
- Security & Privacy – Is my data for my eyes only?
Security has always been one prime concern of the people. Now that as many industrial users can access all the internet connected devices, the cyber threats are real, growing and global. Your data is not just yours anymore.
- Interoperability – The Devil of the Throne 4.0
In an interconnected system, all the components work jointly and have to communicate with one another; even if they are working in different backgrounds and in different languages. Thus, the lack of common software and data formats will complicate the entire Industrial process and the co-working environment of the industry will be hampered.
*Industrial IoT is here to connect a billion of smart devices and tools to one another digitally in the coming decade, making industrialization a play like never before. It is here to bring in opportunities fused with innovation. This revolution is the beginning of a newer and smarter world!