The industrial internet of things refers to interconnected sensors, instruments, and other devices networked together with computers' industrial applications, including manufacturing and energy management. This connectivity allows for data collection, exchange, and analysis, potentially facilitating improvements in productivity and efficiency as well as other economic benefits. The IIoT is an evolution of a distributed control system that allows for a higher degree of automation by using cloud computing to refine and optimize the process controls.
HOW INDUSTRY 4.0 IS TRANSFORMING THE OIL & GAS SUPPLY CHAIN
There is a lot of innovation going on regarding the IIoT. If you want to learn more about this topic
bdo.com has a number of articles that will help you catch up on the subject. This is just a short section from the article.
"The path oil and gas travels from extraction to end consumer is in a state of transformation. Operations are changing at every link in the supply chain, as companies adopt new and emerging technologies, digitize their enterprises, and streamline processes.
Larger than just one company, or even one industry, it is a full-scale revolution: the fourth industrial revolution, or Industry 4.0. Borne out of a confluence of technology disruptions—including Big Data, analytics, the Internet of Things (IoT), augmented reality, and artificial intelligence—Industry 4.0 ultimately hinges on the ability to integrate data with physical processes...."
"Examined individually, the deployment of new technology at each level of the supply chain can improve a single process and increase profits for a single company. But combined, the innovations could transform an industry. The true power of digitization and the heart of Industry 4.0 is the way that siloed technological advances connect and communicate to create a shared data ecosystem.
The arrival of Industry 4.0 is heralding the next era in supply chain management, in which suppliers and customers come together in entirely new ways, erasing organizational boundaries. The traditional linear supply chain is evolving into an integrated value chain of mutually beneficial relationships where suppliers and customers collaborate to achieve efficiencies and lower costs by exchanging information and securely integrating systems and processes.
The potential is vast. Digitizing the supply chain can reduce procurement costs for all purchases of goods and services by 20 percent, reduce supply chain process costs by 50 percent, and increase revenue by 10 percent, according to the Center for Global Enterprise.
While the fourth industrial revolution in oil and gas is still in its infancy, the way that energy companies integrate their data, communicate, and work together will continue to converge, evolve, and transform." Check out the complete article on this subject at:
For more details review this book: The Internet of Things: The MIT Press Essential Knowledge Series by Samuel Greengard (Author)"We turn on the lights in our house from a desk in an office miles away. Our refrigerator alerts us to buy milk on the way home. A package of cookies on the supermarket shelf suggests that we buy it based on past purchases. The cookies themselves are on the shelf because of a 'smart' supply chain. When we get home, the thermostat has already adjusted the temperature so it's toasty or bracing, whichever we prefer. This is the Internet of Things - a networked world of connected devices, objects, and people. In this book Samuel Greengard offers a guided tour through this emerging world and how it will change the way we live and work.
Greengard explains that the Internet of Things (IoT) is still in its early stages. Smartphones, cloud computing, RFID (radio-frequency identification), technology, sensors, and miniaturization are converging to make possible a new generation of embedded and immersive technology. Greengard traces the origins of the IoT from the early days of personal computers and the Internet and examines how it creates the conceptual and practical framework for a connected world. He explores the industrial Internet and machine-to-machine communication, the basis for smart manufacturing and end-to-end supply chain visibility; the growing array of smart consumer devices and services - from Fitbit fitness wristbands to mobile apps for banking; the practical and technical challenges of building the IoT; and the risks of a connected world, including a widening digital divide and threats to privacy and security. Finally he considers the long-term impact of the IoT on society, narrating an eye-opening 'day in the life' of IoT connections circa 2025."
What do you think about the changes in technology? How do you think the IIoT will change our future?
Matthew Bradshaw, CPSM, CPSD, C.P.M. is the Director of Programs for ISM-Houston, Inc.