While many observers have focused on consumer facing applications of
IoT such as self-driving cars or smart appliances, a quiet transformation
is underway in factories all over the world. Driven by smaller, cheaper
sensors and actuators to measure performance and cheaper methods
of transmitting and analyzing those data streams to yield actionable
insight, the physical world of industrial production and the digital
world of information technology are becoming increasingly intertwined.
Manufacturers are realizing that information technology must be an
increasingly central aspect of their end-to-end production process in order
for them to maintain competitiveness. Firms which are embracing the power
of data are remaking themselves into more information technology savvy
With the world’s leading players in manufacturing and information
technology just recently beginning to focus investment in this area, the IIoT
is still in an early stage of development. Our complimentary report aims to provide a comprehensive look into Industry 4.0 and the Industrial Internet of Things (IIoT) that covers the top innovators, challenges and strategies that are present in today’s environment of fast-paced digital transition.