There has been considerable talk about the Internet of Things (IoT) since the inception of the Internet itself. This buzz term refers simply to extending the reach of Internet connectivity to devices beyond the common devices like computers, phones and tablets. The IoT is typically thought of in terms of household or consumer computing, with products like Internet-connected refrigerators, security systems, energy systems, and “things” in vehicles. Gartner Research says there will be over 8.4 billion “things” connected to the Internet in 2017, up 31% from last year–estimated to grow to 20.5 billion by 2020! Capterra also looks at the big picture from a software perspective and they predict that the IoT will generate between $11 and $14.2 billion for the global economy in coming years.
The advent of ubiquitous wireless connectivity using WiFi and Bluetooth was one of the biggest drivers of this IoT, making it possible to easily connect to a host of new devices as long as they are “sensorized” and have the ability to send and receive the information from the sensors to a system that can leverage this data, like a Computerized Maintenance Management System (CMMS) in the industrial manufacturing space. In industrial manufacturing the IoT is referred to as the “Industrial Internet of Things” or IIoT.
The Internet of Things Plus Industry Equals the Evolution of Industrial Manufacturing
The IIoT is a major focus for the IT departments in industrial manufacturing this year, as it will yield the biggest payback in this vertical market by providing automated, active and predictive management for industrial machines, machines whose downtime is quite costly. As a result, business will be the biggest spender on IT, with 57% of expenditures coming from these entities, to the tune of nearly 1 trillion spent by the sector overall!
The most important aspects to be addressed by industrial manufacturers in order to take advantage of the IIoT are connectivity, process workflow and automated data collection. For collection and corrective action, a CMMS can retrieve or receive sensor data and follow an automated path to communicate alerts, issue work orders, notify personnel or even initiate automated mechanical action as appropriate for a particular affected machine.
Proteus CMMS is the leading CMMS solution because it integrates with almost all Building Automation Systems (BAS). Proteus CMMS automatically generates work orders upon response to alarms, run time or events. This integration improves efficiency, reduces failure downtime and keeps industrial equipment running in peak condition. Without going into all of Gartner’s predictions and research regarding the IoT, suffice it to say that this “Thing” is going to be HUGE! Don’t Be Left Behind!
Stay tuned for next week’s post #2 “IoT: Foundation of the Digital Society” in our 6 part series on the Industrial Internet of Things.