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Dubbed the Industrial Internet (of Things), this latest wave of technological change will bring unprecedented opportunities, along with new risks, to business and society. It will combine the global reach of the Internet with a new ability to directly control the physical world, including the machines, factories and
and sensors are the edge devices of the Industrial Internet of Things (IIoT), one of the foundational technologies of the Fourth Industrial Revolution.10 IIoT enables companies to implement Fourth Industrial Revolution solutions such as inventory tracking, digital instruction and machine vision inspection, among other use cases.
Industrial Internet of Things 3. Executive Summary. The World Economic Forum has convened a network of experts to support the growth of a secure and reliable industrial internet of things (IIoT). These experts (the Network) are drawn from the business strategy, critical infrastructure, insurance, manufacturing, policy, security research and the
6 Realizing the Internet of Things Executive Summary The ability to sense the environment, and to formulate and execute an action in response, is central to all vertebrates and increasingly so to all things artificial. This is the driving force behind the internet of things (IoT). Homes, businesses, governments and systems that deploy sensors ...
The Digital Protocol Network on Industrial Internet of Things Safety and Security is one of multiple projects at the Forum’s Center for the Fourth Industrial Revolution. The center was established in 2017 to partner with forward-leaning governments, and leading companies, civil society and experts from around the world. Its aim is to co ...
Fourth Industrial Revolution – for instance, artificial intelligence (AI), mobility (including autonomous vehicles), blockchain, drones and the internet of things (IoT) – have been at the centre of these innovations and are likely to play a dominant role in what emerges post-pandemic. These technologies power applications that are themselves
Industrial Internet of Things (IIoT) Machines, computers, networks, and people enabling intelligent industrial operations using advanced data analytics for transformational business outcomes. IIC Industrial Internet of Things (IIoT) system System that connects and integrates industrial control systems
1. Connectivity: Rapidly expanding through the internet of things (IoT), connectivity has reached global scale, with 8.4 billion devices connected.7 As of today, only 15% of assets are connected in production, but that is changing rapidly. The technology industry is working on more than 700 IoT platforms8 for industrial use, and
The internet of things (IoT) is undoubtedly one of the largest enablers for responsible digital transformation. It is estimated that industrial IoT alone can add $14 trillion of economic value to the global economy by 2030.The economic value increases even more once consumer and public sector IoT are included.
Sustainable Development Goals. This industrial revolution is powered by both established and emerging technologies, including the internet of things, artificial intelligence, advanced data analytics, robotic process automation, robotics, cloud computing, virtual and augmented reality, 3D printing and drones.