Insights / Industrial Internet
More and more things are being fitted out with M2M solutions and thereby made usable in a new way. Learn more about different key topics within M2M communication like Smart Cities or the Industrial Internet.
Industrial Internet: Connecting machinery and people
The Industrial Internet incorporates machine learning and big data technology by using generated sensor data. Basis to these new applications and opportunities are machine-to-machine (M2M) communication and automation technologies.
These technologies that have existed in industrial settings for years help companies from diverse industries within the B2B context, such as manufacturing, utilities but also the public sector, to optimize their value chains.
Industrial Internet, Internet of Things and Industrie 4.0
The Internet of Things (IoT) refers to the digitalization and virtualization of business processes (B2B) and customer experience (B2C) by connecting devices and assets (e.g. sensor equipped machinery, robots, wearables). These relatively new IoT services are enabled by connectivity, platforms and data analytics for a large amount of data in real-time.
Whereas IoT covers both B2B and B2C contexts, Industrial Internet and Industrie 4.0 only refer to the digitalization of the business to business aspect. In general, Industrial Internet and Industrie 4.0 have the same key ingredients – the only differentiator between both concepts is the addressee: Industrial Internet refers to industry and service sector, whereas Industrie 4.0 only refers to the manufacturing industry.
According to Plattform Industrie 4.0 the German definition for digitalization and connectivity of industrial production and manufacturing including product development and services processes is called Industrie 4.0. Therefore, it might also refer to the 4th wave of the industrial revolution in classical manufacturing industry and logistics.
Industrial Internet use cases
200 billion smart devices sold by 2020, 40 percent of data streams stem from sensors in cars, trucks and production machines in 2020, and 7 out of 10 brands are IT, electronics or Internet companies even today. Digitalization is transforming economy and society all over. There is a high variety of potential use cases on the foreground of the Industrial Internet, which have positive impact on all industries: manufacturing, utilities, logistics but also public sector, health, transportation. These digital technologies will help companies to apply new production methods, implement new business models and products but also access new markets.
For example, with the support of IT processing stations can be individually adapted to a changing product mix and simultaneously optimize capacity utilization of machines. Automated monitoring and analysis processes can also reveal maintenance needs and production downtime risks within a factory plant. Solutions might also enable power utilities to maintain a constant overview of plant performance and all relevant data, such as production, voltage and energy consumption can be retrieved and analyzed centrally in real time.