Industrial IoT

The industrial IoT (IIoT) (related concept: Industry 4.0) is the industrial subset of the Internet of Things and refers to manufacturing industries where assets are connected.

Latest Insights: Industrial IoT

How to create a successful IoT business model—Insights from successful OEMs

How to create a successful IoT business model—Insights from successful OEMs

In short Many equipment manufacturers (OEMs) have significantly advanced their IoT strategies, introducing innovative software and services, and revamping their business models. This evolution has enabled some to expand their IoT deployments to millions of devices successfully. Connected products are now the norm - It is expected that by 2026 more than 50% of products sold by OEMs will be IoT...

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The top 10 industrial automation trends—as seen at SPS 2023

The top 10 industrial automation trends—as seen at SPS 2023

In short The current state of industrial automation was on full display at SPS Fair 2023—the Smart Production Solutions fair. Our five-analysts team produced a 75-page event report and presents its top 10 trends on the state of industrial automation here. Why it matters? SPS is one of the world’s most important industrial automation fairs. The showcased technologies are widely applicable to any...

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Predictive maintenance market: 5 highlights for 2024 and beyond

Predictive maintenance market: 5 highlights for 2024 and beyond

In short The global predictive maintenance market grew to $5.5 billion in 2022—a growth of 11% from 2021—with an estimated CAGR of 17% until 2028, according to the Predictive Maintenance and Asset Performance Market Report 2023–2028. With median unplanned downtime costs larger than $100,000 per hour, the importance of accurately predicting failures of large assets has never been higher. This...

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Industry 4.0 check-in: 5 learnings from ongoing digital transformation initiatives

Industry 4.0 check-in: 5 learnings from ongoing digital transformation initiatives

In short Digitalization has become essential for industrial companies worldwide, as IoT Analytics expects the industrial IoT market to reach $145 billion in 2023. The Industrial IoT and Industry 4.0 Case Studies Report 2023 delves into 22 case studies, exploring their project objectives, technologies deployed, lessons learned, challenges, and outcomes. In this article, we share five learnings...

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IoT solution development: Build, buy, or a bit of both?

IoT solution development: Build, buy, or a bit of both?

In short Industrial IoT is on the way to becoming mainstream as projects are becoming more successful and common challenges are decreasing. Companies have a choice between the Build, Buy-and-integrate, and Buy approach to IIoT solutions. Every approach has distinct advantages and disadvantages. Why it matters For IoT adopters: The data provide considerations when deciding on the best approach...

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The top 10 industrial technology trends—as showcased at Hannover Messe 2023

The top 10 industrial technology trends—as showcased at Hannover Messe 2023

In short Hannover Messe 2023 showcased the latest industrial technology trends. Highlights included industrial companies leveraging more IT tools, the decoupling of hardware and software, and factories becoming more modular. The fair also witnessed interesting implementations of the industrial metaverse, CO2 tracking, and generative AI. IoT Analytics published a 109-page event report with plenty...

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Our View On Industrial IoT

The industrial IoT (IIoT) (related concept: Industry 4.0) is the industrial subset of the Internet of Things and refers to manufacturing, energy, oil and gas, and similar settings in which assets are connected to the internet.

The industrial IoT research stream covers the core elements:

1. Connected Industry Building Block
  • Hardware, such as chips, sensors or gateways
  • Connectivity protocols and services
  • Hosting environments, IoT platforms, and data analytics & AI
  • Applications that are built on top of the software layer
  • Cyber security technologies and methods used throughout the stack
  • Systems integration, connecting systems both vertically and horizontally
2. Disruptive Trends

The technologies and standards which are being be altered or replaced by disruptive trends caused by I4.0 technologies.

3. Supporting Technologies

Six technologies frequently deployed alongside the connected industry building blocks to support the I4.0 key use cases.

  1. Additive Manufacturing (AM)
  2. Augmented and Virtual Reality
  3. Collaborative Robotics
  4. Connected Machine Vision
  5. Drones/UAVs
  6. Self-Driving Vehicles
4. Key Use Cases

Use cases implementing connected industry and/or supporting technologies.

5. Adoption Strategies

OEMs, factories, and industrial automation suppliers are all leveraging I4.0 technologies to differentiate themselves in the market.

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