Industrial Internet of Things (IIoT) and the Future of Manufacturing, Forecast to 2021

NEW YORK, Jan. 11, 2018 /PRNewswire/ -- IIoT Architecture Standardization to Create a $90 Billion Opportunity by 2021
Industrial Internet of Things (IIoT) can be leveraged to transform the production aspect and future potential of the automotive manufacturing business.



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While evolving technologies play a key role in fostering the automotive business, it becomes crucial for automotive manufacturers to stay connected in order to amalgamate different technologies like machine learning, Big Data, sensor data, machine-to-machine communication, and automation. This will make the best use of IIoT, which would in turn result in gaining a competitive edge and open new revenue streams for the auto makers in the market.

Primary factors, like boosting operational efficiency, increasing productivity, and reducing the complexity of process in the industry plays a vital role in the adoption of IIoT by auto makers. Industrial Internet strives to create a connected enterprise by combining the information and operation department of the production facility.

Cognitive systems ad real-time analysis can interpret data from systems and components to valuable insights, with which automotive manufacturers can use it to improve the reliability of their output. This not only ensures quality but also improves overall efficiency while supporting manufacturers in introducing new value-added services to customers.

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