A Challenge to the Potential of Industrial IoT
Posted October 15th 2018
Lack of data visibility in existing plants hinders Industrial IoT deployment…but non-invasive instrumentation upgrade is a key part of the solution.
IIoT (Industrial Internet of Things) is a hot trend these days – it promises to revolutionize our industrial infrastructure by improving efficiency at existing power plants, refineries, off-shore oil platforms, pharmaceutical plants, hospitals etc. According to McKinsey, IIoT will unlock $6.2 trillion in potential economic impact by 2025. For the electricity sector alone, the World Economic Forum estimates $1.3 trillion of value can be captured with IIoT.