Industrial Internet of Things (IIoT) and Edge Computing
Industrial Internet of Things (IIoT): Industrial Internet of Things (IIoT) refers to the use of internet-connected devices and sensors to collect and analyze data from industrial equipment and processes. The IIoT enables industrial organizations to monitor and control their operations more effectively, increase efficiency, and reduce costs. IIoT market is projected to grow from $662.21 billion in 2023 to $3,352.97 billion by 2030, at a compound annual growth rate (CAGR) of 26.1%. The following are e xamples of IIoT companies: 1. Predix by GE Digital : A cloud-based platform for IIoT that enables predictive maintenance, real-time analytics, and asset management across multiple industries. 2. ThingWorx by PTC : An IIoT platform that provides a wide range of tools for developing, deploying, and managing IIoT applications, including predictive maintenance, remote monitoring, and real-time analytics. 3. Azure IIoT by Microsoft : An IIoT platform that provides a suite of cloud-based tools fo...