Softweb Solutions is participating in the Internet of Things North America event to discuss the scope of Industrial IoT in coming years. Internet of Things North America is an innovative event covering advanced connectivity and cloud based monitoring/control of devices, facilities, automobiles, people, and enterprise operations.
We foresee a future that will not only reach Industry 4.0 with “smart factory” but will also make manufacturing smarter. The Industrial Internet of Things will open up new opportunities for companies to grow and achieve increased efficiency and productivity.
Industry 4.0 is a combined result of merging Industrial IoT with artificial intelligence, data science, and machine learning. Companies can gain better proficiency in areas such as production, supply chain, and product design by applying latest technologies to the machines and the data that they generate.
The Industrial IoT was primarily focused on improving operational efficiency, but today, companies can also benefit significantly by using it to find growth in unexpected opportunities. In coming years, companies will use IIoT to create hybrid business models, increase revenue by boosting production, and to make their workforce more innovative than ever.