The Industrial Internet of Things is a network of physical objects, systems platforms and applications that contain embedded technology to communicate and share intelligence with each other, the external environment and with people.
In manufacturing, connected sensor networks already monitor logistics movements and machines such as mining equipment and entire utility plants, helping organizations reduce costs through more efficient operations.
In agriculture, similar networks deployed across farmlands are improving the use of natural resources and contributing to better harvests. Our analysis also
includes some consumer applications such as digital health and “connected lifestyle” products.
Accenture estimates the Industrial Internet of Things (IIoT) could add $14.2 trillion to the global economy by 2030.
Source: Accenture
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