What is the Industrial Internet of Things?

There’s a lot of information available today about the Internet of Things, including the Industrial Internet of Things. Some people think of it as Internet-connected flat-irons, or smart fridges. Others dream about spaceships that rush in to Space.

Anyway, the Internet of Things is a variety of “smart” devices, sensors that without human intervention, may collect certain information and send it to a “Platform of Internet of Things” (the IoT Platform).

What are these devices and sensors? There’s a lot of variety, for example:

Smart water meters, electricity with the ability to connect to the Industrial Internet of Things Platform (Industrial IoT, IIoT Platform) through LoRaWAN protocols (will talk about that in a separate article);

Smart parking sensors with connectivity to the IIoT Platform, which allow to find free space and book it through a special mobile phone application, before entering the Parking;

Sensors for smart lighting — adaptable to weather conditions, time of the year. Managed centralized and allowing to save about 30% energy;

Smart sensors used in agriculture, such as automatic watering of fields depending on the soil moisture and switched on only where it is required.

Sensors fighting global warming and storing information about it in the Blockchain.

What do the smart devices of the Internet of Things give? At least they guarantee a competitive advantage by reducing costs and developing new sources of income.

But smart sensors and IoT devices are unable to function only by theirselves. The brain is usually a system that we call “the IIoT Platform”. For example, the IIoT Telecom company offers the use of specialized software — a decentralized IIoT Platform (Industrial Internet of Things) based on the Blockchain.

The IIoT Platform allows you to gather information with numerous “smart” IoT devices, to store these data in the Blockchain, and to process the data according to inherent algorithms. Further information may be issued in the separate external business support system (OSS/BSS) of the Customer, and provides visualization and analysis of the obtained data in the personal account of the Customer and the Client.

Who needs the Internet of Things

In this case we are going to talk a bit more about the Industrial Internet of Things. Who needs it — the answer is in the question:

Large industrial enterprises, which due to the Internet of Things can improve their production. For example, sensors to track the movement of goods in plant. Or given the characteristics of a rotating turbine, the instantaneous collection of information about the consumed light, water, etc.;

There’s the introduction of smart Parking, smart lighting, smart roads (traffic management based on incidents and road conditions)

By analyzing the level of carbon dioxide (CO2), sensors define the areas of harvest rot, and increase efficiency in the cow’s pregnancy by identifying its behavior with an analyzing IIoT sensor, attached to the cow’s neck;

Ordinary people. Automatic payment from IIoT counters, elements of smart home, etc.

Many others, including advanced services.

The capacity of the Internet of Things market

There are a lot of customers who are interested in the Services of the Industrial Internet of Things. But do you wonder how much?

Best of all, the capacity of the market of the Internet of Things defines a PWC (www.pwc.com). The number of connected devices to the Internet of things, according to their forecast, will grow to 30 billion in 2020.

The capacity of the market of the Internet of things will be a huge 890 billion $ by 2020.

From the graphs it’s clearly shown that the IoT market is growing at high speed.

What are the conclusions?

The exponential growth of the Internet of Things connections, and the invested funds convince companies to have a high financial interest in this direction. Growing markets provide a high profit margin of the projects.

IDC (www.idc.com) specifies that Russia, the Czech Republic and Poland will be the leaders in investments in Central and Eastern Europe. The cost in 2021 to the IoT in Russia are expected to reach 9.4 billion $. The second position in this case is Poland (5.8 billion $ in 2021) and Czech Republic (2.3 billion $ in 2021).

The Slovenian company IIoT Telecom is one of the pioneers of the Industrial Internet of Things on the Blockchain and plans to focus primarily on these countries. It also applies a Franchise of their Services, in which Franchisees will receive up to 75% of the earned profit. Every IT professional will be able to use Franchise and to take their bite of the billion Market of the Internet of Things.

Find out more: https://iiot.tel/files/shares/IIoT-Business.pdf

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