Benefits Of IOT To Industry And Manufacturing

Chances are you have come across the terms Internet of Things (IoT) or the  Industrial Internet of Things (IIoT) . These are networks of connected devices that communicate data to a central system to make sense of it all. These networks consist of connected edge devices, terminals, and machines in an enterprise. The data captured through this network provides an understanding of what is successful and what is not in terms of operations and processes. The system that helps you interpret the captured data is, often not your company’s  ERP system.  Internet of Things (IoT) When it comes to everyday devices capable of the connectivity we are talking about, the numbers are staggering. Billions of devices exist with this capability. It is estimated that there are roughly 7 such devices for each person on the planet, totaling roughly 50billion devices by 2020. Industrial Internet of Things (IIoT) When it comes to IIoT devices, the vast majority reside in manufacturing, followed ...