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The world around us is becoming increasingly interconnected. Without a doubt, the Internet of Things (IoT) is impacting us on a personal level every day as we rely on the smart connected devices around our homes and work places. These devices are getting smaller, less expensive, smarter with a longer battery life. Simply think about a few of the devices that are quickly becoming ubiquitous.
These include “smart”
- Door Locks
- Fire Alarms
- Fitness Trackers
- Lighting Systems
- Refrigerators
- Security System
- Thermostats, and
- Watches
You may already be aware of the IoT that is permeating the consumer world. However, large scale Industrial Internet of Things (IIoT) is an even bigger wave of change happening right now.
Quoting from Forbes:
- “Global spending on IIoT Platforms for Manufacturing is predicted to grow from $1.67B in 2018 to $12.44B in 2024, attaining a 40% compound annual growth rate (CAGR) in seven years.” 1
- “IIoT platforms are beginning to replace MES and related applications, including production maintenance, quality, and inventory management, which are a mix of Information Technology (IT) and Operations Technology (OT) technologies.” 1
- “Connected IoT technologies are enabling a new era of smart, connected products that often expand on the long-proven platforms of everyday products.”1
- “Capgemini estimates that the size of the connected products market will be $519B to $685B by 2020.”1
- Source IoT Analytics’ study, IIoT Platforms For Manufacturing 2019 – 2024. IoT Analytics is a leading provider of market insights for the Internet of Things (IoT), M2M, and Industry 4.0.
Industrial IoT is optimizing factory performance across all systems and machinery. For years this type of monitoring and control was reserved for huge manufacturing operations. Today, with affordable, highly configurable IIoT devices, Macrosoft is seeing companies address all aspects of their processes no matter how small or specialized.
Areas of IIoT activities include:
- Connecting the full Factory Operations
- Eliminating Variability and Waste
- Employee Tracking
- Identifying Preventative Maintenance
- Monitoring Manufacturing Lines
- Setting Safety Measures
ByJohn Kullmann | Published on June 10th, 2019 | Last updated on February 11th, 2021 | Enterprise Services
About the Author
John Kullmann
John is the Director for Special Projects at Macrosoft. In that capacity, he works with new and existing clients to clearly understand their requirements and translate them for the software development teams. John has extensive experience in Six Sigma, Lean Engineering and managing international operations. His background has allowed him to be responsible for ensuring ongoing client satisfaction. John consistently provides excellent customer service, ensuring the highest quality.
John is a frequent speaker at industry events and is the Chairman of the Morris County Chamber of Commerce Tech Talk Forum.
Though John always takes his work very seriously, he does not take himself so serious. Outside of work, John sits on the Board of Directors for Family Nature Summits. Additionally, he plays tennis and enjoys every outdoor activity.
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