Industrial Internet of Things Has Value But Presents Hurdles
The Internet of Things (IoT) also has broad industrial applications. The Industrial Internet of Things (IIoT) goes far beyond a refrigerator alerting people to a shortage of butter. Connected machines managed by artificial intelligence automate manufacturing jobs, increase production speed, and enhance safety and security. Although large companies recognize the advantages presented by IIoT, the complexity of adopting the technology requires a significant initial investment prior to realizing value.
High Expectations But Modest Growth
The deputy managing director at Advantech Europe said that initial projections for 2020 predicted adoption of 50 billion IIoT devices by industry, but only 8.5 billion devices became operational last year. Facilities often lacked the network capacity to add so many connected devices. Much of the anticipated growth in IIoT appears to be awaiting widespread 5G installation.
Wall Street on mixed footing as big tech outperforms the Dow
proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
Nano One Launches Groundbreaking M2CAM Technology to Reduce Cost, Waste and Carbon Footprint in Lithium-Ion Battery Supply Chain
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
FTSE 100 plunges further; Nasdaq recovers from worst selloff in months on Wall Street
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.