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The Industrial Internet of Things (IoT) refers to interconnected sensors, instruments, and other devices networked together with computers' industrial applications, including manufacturing and energy management. This connectivity allows for data collection, exchange, and analysis, facilitating improvements in productivity and efficiency as well as other economic benefits. The IIoT is an evolution of a distributed control system (DCS) that allows for a higher degree of automation by using cloud computing and advanced analytics including AI and ML to refine and optimize industrial and business processes
The IIoT covers a range of industries such as manufacturing (Industry 4.0), logistics, oil and gas, transportation, energy/utilities, healthcare, retail, aviation and other industrial sectors rely on industrial devices and sensors to affect digital transformation by utilising the data that they generate.
Edge Computing solutions based open architecture principles provide a hierarchy of elements between the cloud and endpoint devices, and between devices and gateways, all operating in a high performance, open and interoperable way. It is projected that 5.6 billion IoT devices will utilise Edge Computing for data collection and processing by 2020 (ref: Business Insider UK). This translates to at least 40% of IoT data stored, processed, analyzed at or near the Edge.
To address this need high performance, secure, open and interoperable open edge software platforms are becoming vital to support this new paradigm; having a pivotal strategic role to play in a much higher stakes competition and IOTech is responding to this market need.
IOTech's vision is to build and deploy the pervasive secure, open real-time software solutions for Edge environments that helps drive IoT innovation, global adoption, market velocity and scale.
The Catalyst, 3 Science Square,
Newcastle upon Tyne North East England NE4 5TG
Tel: 0191 814 2220