Industrial

Industrial Internet of Things

Industrial Internet of Things Jonathan Poland

The industrial internet of things, or IIOT, is the integration of machinery and infrastructure with IT services. It is associated with automation, machine to machine communication, decision support and remote infrastructure management. None of this is new to the industrial sector where techniques such as orchestrated automation, remote monitoring and control have been used since the 1970s. However, IIOT is associated with evolving and brand new approaches in areas such as artificial intelligence, predictive analytics and robotics to support challenges in the industrial sector such as mass customization.

Industrial IoT is projected to help organizations gather a wealth of actionable data from their operations, which IF properly aggregated and analyzed, the data helps them better control operations, with the potential to:

  • Improve worker safety
  • Increase production uptime
  • Predictive maintenance
  • Maintain, improve product quality
  • Help ensure regulatory compliance
  • Improve operational efficiencies
  • Accelerate response times

IIOT offers the ability to connect machines and devices in industries such as manufacturing, transportation, oil and gas, power generation and transmission, mines, and ports. However, failure of IIoT can have catastrophic consequences, creating high risk and potentially life-threatening situations. Downtime of other IoT devices may result in inconveniences, but it does not usually cause emergency situations.

Brand Engagement Jonathan Poland

Brand Engagement

Brand engagement refers to the interaction between a customer and a brand, and can be used as a way to…

Demand Generation Jonathan Poland

Demand Generation

Demand generation is any marketing or sales activity designed to create recognition, awareness and interest in a firm’s brand and…

Product Risk Jonathan Poland

Product Risk

Product risk refers to the potential for negative consequences that may result from the development, production, or use of a…

Innovation Principles Jonathan Poland

Innovation Principles

Innovation principles are guidelines that an organization adopts as a basis for innovation activities. They are typically considered foundational policy…

Razor and Blades Jonathan Poland

Razor and Blades

The razor and blades model, also known as the bait and hook model, is a business strategy that involves selling…

Customer Journey Jonathan Poland

Customer Journey

A customer journey is the experience that a customer has with a company or brand over time, from their perspective.…

Bank Derivatives Jonathan Poland

Bank Derivatives

Bank derivatives are financial instruments whose value is derived from an underlying asset, index, or other financial instruments. They are…

Types of Process Jonathan Poland

Types of Process

A process is a systematic, controlled, and repeatable way of working that is used to achieve specific goals or outcomes.…

Personal Selling Jonathan Poland

Personal Selling

Personal selling is a type of sales approach that involves face-to-face interaction with potential customers. Unlike other forms of sales,…

Learn More

What is Baseline? Jonathan Poland

What is Baseline?

A baseline is a reference point or starting point that represents the status or condition of something at a specific…

Internal Benchmarking Jonathan Poland

Internal Benchmarking

Internal benchmarking is the process of comparing the performance of one aspect or function within a company to another aspect…

Operations Planning Jonathan Poland

Operations Planning

Operations planning involves identifying and implementing strategies and tactics to optimize the core processes and practices that enable a business…

Overthinking Jonathan Poland

Overthinking

Overthinking, also known as rumination, is a thought process that involves excessive and prolonged contemplation of a problem or situation.…

Product Features Jonathan Poland

Product Features

A product feature is a characteristic or aspect of a product that contributes to its overall functionality and performance. Product…

What is a One Stop Shop? Jonathan Poland

What is a One Stop Shop?

A one stop shop is a business that offers a wide range of products and services from a single location,…

Operating Costs Jonathan Poland

Operating Costs

Operating costs are the expenses that a company incurs in order to generate revenues from its business operations. These costs…

Procurement Risk Jonathan Poland

Procurement Risk

Procurement risk is the risk of financial loss or other negative consequences that may arise from the process of procuring…

Risk Tolerance Jonathan Poland

Risk Tolerance

A risk is the possibility of an adverse event occurring, while a trigger is the root cause of that event.…