Page 7 - Booklet on Workshop on Industry4. with CIMCO

Workshop on Industry 4.0 using CIMCO products

4. What is IoT & IIoT

We will see what's the difference between IoT and IIoT (the Industrial Internet of Things)?

“Worldwide…a 1% improvement in industrial productivity could add $10 trillion
to $15 trillion to worldwide GDP over the next 15 years.” — Chunka Mui, Forbes

“The Industrial Internet [of Things] will transform many industries, including
manufacturing, oil and gas, agriculture, mining, transportation and healthcare.
Collectively, these account for nearly two-thirds of the world economy.” —
World Economic Forum, Industrial Internet of Things Report

IIoT refers to a subcategory of the broader term ‘Internet of Things’. IoT includes
IIoT plus things like asset tracking, remote monitoring, wearable, and more. IIoT focuses spe-
cifically on industrial applications such as manufacturing.

An example of the potential of IIoT is predictive maintenance. A broken machine in a manufac-
turing process can mean millions of dollars in lost productivity while production halts to fix the
issue. Predictive maintenance means using more sensors to collect better data on machines,
and then using data analytics and machine learning to determine exactly when a machine will
need maintenance. Not too late, which leads to broken machines, and not too early, which
leads to misallocated resources.

Another difference between IoT and IIoT is that there are clearer near-term benefits for IIoT vs.
IoT. Manufacturing companies can reduce costs & increase productivity, meaning more tangi-
ble return-on-investment (ROI) for adopting IIoT solutions. Companies like ThyssenKrupp, Cat-
erpillar, and Thames Water are already reaping benefits from being early IIoT adopters.

Barriers to IIoT
Bringing physical systems online generates substantial benefits, but also means that those sys-
tems can be potentially compromised. Cyber attacks become scary when they can enable re-
mote control of or damage to physical systems; huge financial losses at best & serious injuries
or death at worst. Security is a major concern for IIoT in general and needs to be a big part of
the conversation in the coming years.

How CIMCO handles this barrier of IIoT :
1) The live data captured by CIMCO system is stored on a local server.
Storing this data on cloud is not therefore recommended.
2) CIMCO strongly recommend to have the data network to be a Ethernet LAN, &
Wi-Fi is not desirable for IIoT. If Wi-Fi is used, then it is only within the premises without
internet. It means, Android TAB can be connected for down time entry using local Wi-Fi,
without internet.

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