Industrial Internet is the new buzz in the industrial sector, also termed as Industrial Internet of Things ( IIoT ). It is empowering industrial engineering with sensors, software and big data analytics to create brilliant machines.
According to Jeff Immelt, CEO, GE Electric, IIoT is a “beautiful, desirable and investable” asset. The driving philosophy behind IIoT is that, smart machines are more accurate and consistent than humans in communicating through data. And, this data can help companies pick inefficiencies and problems sooner.
IIoT holds great potential for quality control and sustainability. Applications for tracking goods, real time information exchange about inventory among suppliers and retailers and automated delivery will increase the supply chain efficiency.