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IoT is proving to be invaluable in the energy sector with a wide span of potential applications. Asset tracking, remote monitoring, preventative maintenance, environmental monitoring, and lone worker safety are just a small group of integral applications highlighting the potential improved operational efficiencies that IoT can provide in this industry.
While consumer-focused IoT projects have dominated the industrial area for years, more profound and diverse industrial IoT devices are now just starting to make their way into the industrial sphere. The benefits of IoT in the industrial world are significant, including cost savings, improved competitiveness, better facility management, increased operational efficiency, a higher level of cybersecurity and data security, and faster manufacturing processes to name a few. The Industrial Internet of Things (IIoT) can help a wide variety of businesses to track crucial data in a variety of sectors.
Different Between IOT and IIOT
Internet of Things (IoT) and Industrial Internet of Things (IIoT) are quite closely related since both of them are involved in the digital transformation of the world, can be applied to device management, and energy management. Generally, IIoT belongs in the IoT subcategory and is based on the same principles. The main difference here is that IIoT focuses on industrial automation, production processes, and other systems connected to production lines, while general IoT connects such devices as home appliances, smart city devices, or office monitoring systems. Both IoT and IIoT are aimed at increasing the efficiency of processes and tend to focus on inward-looking processes. Common IIoT use cases are preventive maintenance, quality assurance, post-calculation of orders, and other areas with high information requirements necessary for a smart factory.
One more primary difference between IoT and IIoT is that IIoT is based on cyber-physical systems. Cyber-physical systems, being edge computing technology, comprise physical components driven by digital information, and provide the foundation for closed-loop processes. IoT applications, on the other hand, are more focused on extracting knowledge from heterogeneous data streams and do not necessarily require a closed loop with the physical world. For example, ambient assisted living applications are based on user activities. So, we can say that industrial IoT solutions are more oriented on facility management, machine learning, and production, while common IoT devices give actionable insights into everyday life processes.
Area of Applications
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Benefits for IIOT
IoT, being the edge computing technology, connects industrial assets, providing advanced analytics of the manufacturing process. Industrial IoT is a platform that analyzes the operation of industrial equipment to make decisions that are in the best interests of the company. The benefits of IIoT applications are plentiful. They can improve the monitoring of industrial environments, identify potential points of failure, and automatically trigger predictive maintenance processes, to avoid the situations connected to the breakdowns of production assets. For this reason, intelligent devices are becoming increasingly important for businesses in the manufacturing industry.
You may be interested to know that many connected devices transfer industrial data through the LoRaWAN network. As the breadth of IoT applications in the industrial area continues to evolve, LoRaWAN is rapidly gaining momentum as the ideal technology to address these constraints with cost-effective and highly reliable long-range, low-power IoT connectivity. LoRaWAN’s multi-usage capabilities accommodate a high capacity of industrial IoT products in a single network. A carrier-grade LoRaWAN collection hub, known as a gateway has the capacity to simultaneously send and receive hundreds of messages every second from the devices deployed in its vicinity. This is ample capacity for most industrial processes and applications.
For any industrial enterprise, IoT devices are a critical component. The benefits are also pretty clear. The main is that IoT will improve operational efficiency and decrease costs. While cost and operational efficiency are the primary goals, business models that involve IoT-based data monitoring should also include revenue opportunities. With proper data monitoring and management, savings will be high enough to reallocate finances to the sphere in the company that brings more profits.