When we talk about IIoT, we refer to the Industrial Internet of Things, also known in the sector as smart manufacturing. This term encompasses the integration of the Internet of Things (IoT) with industrial production systems, enabling optimal interconnection between machines, systems, and people.
However, it is important to highlight that the Industrial Internet of Things (IIoT) emerges as a revolutionary tool that connects every node of the supply chain in an intelligent, autonomous, and efficient way. From suppliers to customers—including transportation, manufacturers, and communication—IIoT is transforming how material and data flows are managed and optimized throughout the entire supply chain.
Industrial Internet of Things: Efficiency and Sustainability
IIoT brings efficiency and productivity to processes. Let’s see how:
Efficiency and Productivity:IIoT introduces unprecedented operational efficiency in manufacturing processes. By implementing smart sensors and data analytics systems, companies can monitor and optimize their production operations in real time. According to a report by McKinsey, the application of IoT in industrial environments can increase productivity by up to 25%. This translates into:
IIoT systems offer more comprehensive visibility into the supply chain, helping companies prevent disruptions and better manage resources. According to a study by Bain & Company, companies integrating these systems enable their workers to focus on developing skills that complement technology and guide them toward higher-value activities.
Innovation and Sustainability:In addition to improving efficiency, IIoT promotes sustainability and innovation. Companies can use real-time data to optimize resource use, reduce waste, and minimize their environmental footprint.
Thanks to its high analytical capacity, IIoT allows companies to make better decisions based on solid data, while also enabling faster and more effective responses. This results in greater agility and innovation in production processes. According to Statista, IIoT is expected to experience strong annual growth (CAGR 2024–2028) of 12.68%, reaching a market volume of USD 525.2 billion by 2028.
IIoT: A Connected and Efficient Future
IIoT is just beginning its implementation across various industries, and its full potential is yet to be realized. According to Mordor Intelligence, the Industrial Internet of Things market is expected to grow from USD 114.68 billion in 2024 to USD 503.07 billion by 2029, at a compound annual growth rate (CAGR) of 34.41% during the forecast period (2024–2029).
Meanwhile, Microsoft reports that 87% of decision-makers in the manufacturing sector have considered and supported IIoT adoption to increase industrial automation, improve quality and compliance, and enhance planning and scheduling within the supply chain and logistics.
While growth projections are favorable, it is also true that several challenges must be addressed, including:
As you can see, the future of IIoT is promising, aiming for secure integration. However, overcoming challenges such as interoperability and data management requires a holistic and collaborative approach by companies with the vision to implement innovative solutions for the future. IIoT transforms how business operations are managed and opens the door to new business models.
In this digital era, where change can happen at any moment, corporations must focus on building systems that provide flexibility, responsiveness, and accurate, timely attention—and IIoT is a powerful ally to achieve those goals!
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Posted by: G.I.Eicom
Leaders in Material Handling & Intralogistics Solutions