The Industrial Internet of Things, or IIoT, is the use of interconnected sensors, actuators, and other smart devices for industrial, manufacturing, and energy management purposes. Operational benefits of this technology include reduced downtime (the time production stalls because of non-functioning machinery) and enhanced customer experience. From an adaptive perspective, IIoT facilitates an increase in the resilience of companies and the discovery of new business models.
How does it work?
Practically speaking, the IIoT enables manufacturers to predict equipment breakdowns and arrange maintenance beforehand. This process is fuelled by digital work instructions, which allow for detecting and resolving problems more productively. In terms of customer satisfaction, IIoT technology makes it easier to introduce feedback and product usage analytics into the design process, empowering product improvement.
Advanced digital management solutions can help organizations respond to market changes. One of the examples dates to the COVID-19 pandemic, a time when some businesses managed to adjust their maximum product output and sustain remote operations. The IIoT fosters the transformation of logistics and supply chains. For instance, smart sensors serve this goal by providing real-time information on the route of goods and the environment surrounding them.
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