The Internet of Things is sweeping the world, transforming the mundane into the extraordinary. From smart appliances to smart vehicles and smart home security systems, connectedness is bringing us greater safety and convenience. The same rings true for the industrial world. Here, the Industrial Internet of Things revolutionized warehousing, manufacturing, and other sectors. And while current breakthroughs are astounding, the future of the IIoT looks even brighter.
Defining the Industrial Internet of Things
Put simply, the Industrial Internet of Things (IIoT) is a relationship between machinery and the Internet. Connected equipment allows companies to gather and analyze data, from production time to system breakdowns to energy consumption. This data then allows companies to make smarter and more efficient decisions for their business and workforce.
Like anything, there are two sides to the coin of the IIoT. Read on to learn about the pros and cons of the Industrial Internet of Things.
Pros of the IIoT
From improved efficiency to increased safety, there are many benefits of the IIoT. Among these benefits include:
- Accurate data generation. The IIoT allows companies to gather massive (and accurate) amounts of data that are helpful to processes, energy consumption, and efficiency.
- Analysis. Companies can take critical data to make important decisions that they wouldn’t be able to make without said data.
- Ability to predict patterns. The IIoT allows companies to predict the patterns of consumers, which can maximize profits, marketing strategies, and even customer experience.
- Preventive maintenance. With so much data being captured every second, accurate and cost-saving preventive maintenance is made possible.
- Cost savings. When simple and repetitive or incredibly dangerous tasks are covered by automated machines rather than humans, people can be placed in more important jobs (and kept safer in the workplace).
Cons of the IIoT
Next up on our list of the pros and cons of the Industrial Internet of Things are the cons. These disadvantages include:
- Risk. The more devices there are connected to the Internet, the greater the risk for virtual attacks. These attacks can compromise critical and sensitive information and even prevent machinery from working altogether.
- Major overhauls. In order for the IIoT to work optimally, old technologies—
or equipment with zero technology—needs to be updated for IIoT compatibility.
- Workforce challenges. If your workforce isn’t tech-savvy, connected machinery could pose a problem.