
Although many IIoT projects are still in the proof-of-concept or trial stage, there are clear signs of a widespread move towards full production deployments. The relevant technologies are available, investment decisions have been made, and returns on those investments are expected.
Technologies such as 5G, IoT sensors and platforms, edge computing, AI and analytics, robotics, blockchain, additive manufacturing and virtual/augmented reality are coalescing into a fertile environment for the Industrial Internet of Things (IIoT), which is set to usher in what’s often described as the Fourth Industrial Revolution or Industry 4.0.