Benefits of IIoT – its challenges and Future scope

Benefits of IIoT - Industrial Internet of Things Benefits

Benefits of IIoT – its challenges and Future scope

In the previous article, we discussed Industrial IoT (IIoT), IIoT protocols and examples.  If you missed it, just check it here Industrial IoT- Introduction to Industrial Internet of Things (IIoT). In this article, we would discuss the benefits of IIoT, its challenges, and future scope.

See alsoWhat are the Internet of Things Protocols and Standards?

Benefits of IIoT :

By using Industrial Internet of things data, top management from industry get a full and exact view of how their industry is doing, this helps them make better decisions for the growth of Industry.

IIoT networks of smart & intelligent devices allow organizations to connect their employee every time wirelessly and manage their activity for their safety on the factory floor.

Some companies are already adopted IIoT and they are benefitting through cost savings due to predictive maintenance, improved safety, and other operational efficiencies.

IIoT can greatly improve the following:

  • Connectivity
  • Efficiency
  • Scalability,
  • Time Savings
  • Cost Savings For Industrial Organizations.

See alsoWhy We Need Protocols for Communication?

Benefits of IoT - Automation in Industry

Image credit: Pixabay

Challenges of IIoT :

Two biggest challenges are Interoperability and Security.

1. Interoperability

The ability of system or product work with other systems or products without special effort on the part of the customer.

As technology writer Margaret Rouse observes,

“A major concern surrounding the Industrial Internet of Things is interoperability between machines and devices that use different architectures and different communication protocols.”

Ignition is cross-platform and built on open-source and IT-standard technologies so it is an excellent solution for this

2. Security

Security is another important and major concern. Companies should know about their data security.

See also: Cybercrime a trending issue of Digital World || Cyber Security || Internet of Things

Future scope

According to the Accenture IIoT Report

“Operational efficiency has been improved by IIoT, but  companies can also gain more profit by seeing it as a tool for finding growth in unexpected opportunities.”

In the future, successful companies will use the Industrial Internet of Things to capture new growth through the following approaches:

  • IIoT helps to boost revenues by increasing production
  • New growth approaches by creating new hybrid business models
  • Exploiting Intelligent fuel innovation technologies and transforming their workforce”.

See alsoIoT Application in Manufacturing Industry and Oil-Gas || IIoT

 

Let us know what else Benefits of IIoT as per you that we did not cover in this article, please mention in the comment section below.

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Featured Image credit: geralt/Pixabay

Naval Allurwar
He is a learner and passionate about IoT ,and other new technologies. He has good industrial experience in IoT & Smart cities. He love to learn new things & make understandable to others at IoTDunia.com .