This slide explains the concept of Industrial Internet of Things. It covers IIot's present Market Landscape , IoT segments by IIoT, Ecosystem analysis, Major Drivers, Major challenges faced by Value chain players, Potential use cases along my analysis and recommendations on IIoT Technology and market landscape.
7. Use Case 1: Connected Oil Wells
• Half a million data points generated every 15 secs by 650 oil wells each
equipped with 20-30 sensors.
• Software's analyse this data to -
Predict longevity of 650 connected oil well by monitoring performance
Manage extraction by understanding quality and flow of oil and gas coming
out of ground.
• Drones inspect pipelines by building 3D imaging and analyse the data to
prevent pipeline ruptures before they occur.
• Benefits:
Improved efficiency
Reduced complexity
Safer and more Reliable
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8. Use Case 2: Corn Milling Plant
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• Steam trap monitoring via wireless acoustic sensors
connected to specialised software systems via wireless mesh
networks.
• Real time visibility of critical Steam traps.
• Software analyses data and transforms to actionable
information, thus reducing commissioning costs and call outs.
• Provide real time actionable information to -
Control room operators through human machine interfaces (HMIs)
Mobile workers through wirelessly connected handheld PC’s.
• Benefits: Fast, cost effective, error proof installation
• Annual Savings: $301,108.
9. Basic Concept of IIoT Technology
Industrial Internet, IIoT
incorporates machine
learning and big data technology,
harnessing
the sensor data, machine-to-
machine (M2M) communication
and automation technologies that
have existed in industrial settings
for years.
IoT IIoT
Focus on: Convenience for
individual consumers
Return on investment-
by improving
efficiency, safety, and
productivity
System Breakdown Do not immediately
create emergency
situations.
Often creates life-
threatening or other
emergency situations.
Applications Consumer-level
devices:
• wearable fitness
tools
• smart home
thermometers and
• automatic pet
feeders.
Systems used in high-
stakes industries:
• aerospace,
• defence,
• healthcare and
• energy
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10. Top trends in IIoT market
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• The Industrial IoT market size was worth $181.29 Billion in 2013 that is expected to
reach $319.62 Billion at a CAGR of 8.15% from 2014 to 2020.
• Number of devices connected to Industrial Internet today is 10Billion.
• One of the crucial steps taken in the field of Industrial IoT is the founding of the IIC
(Industrial Internet Consortium) by top- notch companies such as IBM, Intel, AT&T,
Cisco as well as General Electric on 27 March, 2014.
• GE aviation analysed 340 TB of data from 3.4 million flights on 25 airlines, to improve
asset performance and minimise disruptions. Results:
o Performance improved 287 times
o Costs lowered 7 times
• Infosys will acquire Noah Consulting for $70 million, creating a bigger play for Internet
of Things involvement in oil and gas exploration and production.
11. Insights
• IIoT has already begun to transform major industries such as manufacturing,
transportation, and retail by automating business processes , real-time monitoring &
tracking of services and systems.
• This automation will help to create a more dynamic and engaging work experience
by focussing people more on human-related job elements such as creative problem-
solving and collaboration rather than labour work.
• The integration of efficient hardware with Internet enabled software is creating a new
revolution in the industrial sector by increasing productivity, speeding up revenue
generation and competitiveness.
• The IIoT technology will reduce risks and improve reliability of the massive systems
used in our industries.
• Major concerns surrounding the Industrial IoT is interoperability between devices andRISHIKA GHOSH11
12. Applications and Recommendations
• AEROSPACE
• Need for tactical, reliable, high performance communication system.
• IIoT technology is very crucial as it assists the arrival and processing of command data with
optimum accuracy.
• DEFENSE
• Need for latest information to be processed and disintegrated.
• IIOT will improve control over warfare and provide flexible security.
• HEALTHCARE
• IIoT will help integration and control of advanced devices, thus reducing the cost of treatment
and machine procurement.
• Machines and medicines will together have faster effect on the patient’s health and body due to
faster operating systems.
• TRANSPORTATION
• Intelligent tracking systems and real- time communication among all components of a car form
an intelligent machine.
• Smart Cars are examples of IIoT.
• ENERGY
• Need for some crucial parameters like scalability, reliability, performance and productivity to be
fulfilled for proper functioning.
• IIoT technology enables energy industries to improve power generation, distribution, optimization
and usage.
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