The term industrial internet of things is often encountered in the manufacturing industries, referring to the industrial subset of the IoT. Potential benefits of the industrial internet of things include improved productivity, improved reliability, analytics and the transformation of the workplace. The potential of growth by implementing IIoT is predicted to generate $15 trillion of global GDP by 2030. While connectivity and data acquisition are imperative for IIoT, they are not the end goals, but rather the foundation and path to something bigger. Of all the technologies,
predictive maintenance is an "easier” application, as it is applicable to existing assets and management systems. Intelligent maintenance systems can reduce unexpected downtime and increase productivity, which is projected to save up to 12% over scheduled repairs, reduce overall maintenance costs up to 30%, and eliminate breakdowns up to 70%, according to some studies.
Cyber-physical systems (CPS) are the core technology of industrial big data and they will be an interface between human and the cyber world. Integration of
sensing and
actuation systems connected to the Internet can optimize energy consumption as a whole. It is expected that IoT devices will be integrated into all forms of energy consuming devices (switches, power outlets, bulbs, televisions, etc.) and be able to communicate with the utility supply company in order to effectively balance
power generation and energy usage. Besides home based energy management, the IIoT is especially relevant to the
Smart Grid since it provides systems to gather and act on energy and power-related information in an automated fashion with the goal to improve the efficiency, reliability, economics, and sustainability of the production and distribution of electricity. IIoT enables efficient and cost-effective production by moving data from the customers to the company's systems, and then to individual sections of the production process. With IIoT, new tools and functionalities can be included in the manufacturing process. For example, 3D printers simplify the way of shaping pressing tools by printing the shape directly from steel granulate. These tools enable new possibilities for designing (with high precision). Customization of vehicles is also enabled by IIoT due to the modularity and connectivity of this technology. With IIOT technologies, the oil and gas industry has the capability to connect machines, devices, sensors, and people through interconnectivity, which can help companies better address fluctuations in demand and pricing, address cybersecurity, and minimize environmental impact. Across the supply chain, IIOT can improve the maintenance process, the overall safety, and connectivity. Drones can be used to detect possible oil and gas leaks at an early stage and at locations that are difficult to reach (e.g. offshore). They can also be used to identify weak spots in complex networks of pipelines with built-in thermal imaging systems. Increased connectivity (data integration and communication) can help companies with adjusting the production levels based on real-time data of inventory, storage, distribution pace, and forecasted demand. For example, a Deloitte report states that by implementing an IIOT solution integrating data from multiple internal and external sources (such as work management system, control center, pipeline attributes, risk scores, inline inspection findings, planned assessments, and leak history), thousands of miles of pipes can be monitored in real-time. This allows monitoring of pipeline threats, improving risk management, and providing situational awareness. Benefits also apply to specific processes of the oil and gas industry. Some livestock farms implant microchips into animals. This allows the farmers not only to trace their animals, but also pull up information about the lineage, weight, or health.
PV industry The integration of IIoT data in the photovoltaic (PV) industry can significantly enhance the efficiency, reliability, and performance of solar power systems. IIoT with
AI data can be utilized for real-time monitoring, performance optimization, fault detection, diagnostics. ==Security==