With the Industrial IoT (IIoT) market expected to reach $123B in 2021, a deluge of articles and posts about “smart” technology has hit the internet. It can be hard to know which information applies to industrial organizations and is helpful regardless of where you are in an IIoT implementation. We have selected four articles that demonstrate the real-world value of the Industrial IoT and provide guidelines for deploying smart building solutions regardless of where your organization stands with its IIoT installation plan. See excerpts and links below.
1. Elevating Smart Buildings to the Next Level with Predictive Maintenance
At the 1853 World’s Fair, in New York’s Crystal Palace, 40-year-old Elisha Otis stood upon a platform 10 meters in the air and ordered axemen to cut the only rope that was suspending it. In front of an amazed crowd the rope was severed, but the platform only fell a few inches before it came to a stop. This was the first public demonstration of his safety locking mechanism and the birth of the Otis elevator company. Elevators based on this safety feature have essentially made tall buildings possible and therefore shaped our modern cities.
2. How to Avoid Industrial Internet of Things (IIoT) Data Overload
With more organizations adopting IIoT and smart building solutions, industrial facilities are capturing massive amounts of data through the deployment of smart sensors, with even more data to come as solutions expand. This data can provide a considerable advantage when used to measure specific business and facility goals, but can also overwhelm facility managers and blur opportunities for operational improvements.
3. Digital Manufacturing – Escaping Pilot Purgatory
McKinsey’s 2018 survey of global manufacturing companies reveals an interesting mix of organizational commitment and clear progress on one hand and stagnation in Digital Manufacturing on the other hand. Three key findings characterize the industry’s development over the past 12 months. Leaders in manufacturing organizations have identified the importance of digital manufacturing, and for the most part they see themselves as doing rather well vis-à-vis their competition. On average, 92% of respondents report that they are either on the same level as or ahead of their peers when it comes to Digital Manufacturing. In other words, very few see themselves as “behind the curve” or, thus, needing to “catch up” to the competition.
4. Security Could be the Biggest Worry for the Industrial IoT
Businesses know endpoints are the most vulnerable parts of the Industrial Internet of Things (IIoT), but it seems as there’s no consensus on what an endpoint actually is.
This is according to the 2018 SANS Industrial IoT Security Survey Report, which says most organisations globally are looking at a 10 to 25 per cent growth in the number of their connected devices. This will lead to the systems that are connected to IIoT devices to double in size every three to seven years. Consequently, network complexity will be increased, there will be more demand for bandwidth, and there will be higher demand for skilled staff.