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Industrial Internet of Things Market Advanced Productivity & Reduce Operational Time & Costs

02-22-2017 10:20 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Industrial Internet of Things Market Advanced Productivity &

Industrial Internet of Things (IIoT) is a system that integrates complex machines with high-end software programs and sensors for analyzing data to increase productivity and reduce operational time and costs.

IIoT systems differs from Internet of Things (IoT) systems. Failure in IIoT systems would lead to disastrous situations where as in IoT systems the failure would barely lead to emergency situations.

IoT systems are designed at consumer level device such as smart home appliances, automatic pet feeders and wearable fitness devices. IIoT systems comprises of industrial machines such as health monitors and manufacturing machines deployed at industrial and manufacturing sites. IIoT incorporates machine learning, big data technology and Machine to Machine Communication (M2M).

Machine learning is a type of artificial intelligence that enables computers with self-learning without being programmed. Big data technology is an emerging technology that incorporates any volume of data which can be converted into useful information.

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M2M Communication can be defined as direct communication between machines using any communication channel such as wired and wireless.

The industrial machines in IIoT are connected through a communication software to collect, analyze, monitor and exchange information amongst themselves without any human intervention.

The major factor that would drive the growth of IIoT market would be advancements in cloud technology. The growth in cloud technology would enable easy accessibility, unlimited storage and low-priced efficient processing for IIoT systems.

Furthermore, formation of Industrial Internet Consortium (IIC) by key players such as AT&T Inc., Cisco Systems Inc., International Business Machine (IBM) Corporation, Intel Corporation and General Electric Company would also accelerate the development and adoption rate for IIoT systems.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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