If you think of an industrial machine as a living organism, IIoT is the central nervous system that enables feedback and intelligence, allowing that organism to prosper. Thriving through instrumentation and analytics is no longer a cost-prohibitive proposition. And it’s only going to get cheaper and more practical for more discreet elements of information to be collected, analyzed and used. IIoT has fostered the massive proliferation of low-cost sensors that — while occasionally susceptible to giving incomplete or false readings — collect richer amounts of information, gracing operators with a far wider understanding of their systems, chunks of information to create actionable insights, and better opportunities to optimize against broader domains and to make quicker decisions.
Read this article from the Black & Veatch 2018 Smart Cities & Utilities Strategic Directions Report to learn more.