However, all of these things on the ‘net won’t just be for the benefit of consumers. Many of the applications of the IoT will come to benefit the consumers and engineers that make and design these products through the industrial IoT (IIoT).
Unfortunately, implementing an IoT system to an industrial application isn’t as easy as adding some Wi-Fi access points and sensors to equipment and products. Businesses will face many roadblocks to IoT adoptions such as adding smart functionality to legacy equipment and getting smart connected devices to work nicely with each other without locking the organization into one vendor.
These challenges all focus on the initial connection of IoT equipment. They don’t take into consideration the security risks, business model disruption and corporate planning needed to implement an IIoT system.
In this infographic from the New Jersey Institute of Technology’s (NJIT’s) Online Masters in Electrical Engineering, you will learn about the prevalence of these IoT roadblocks and some of the industrial IoT (IIoT) applications that make these challenges worthwhile.
For example, GE reported that its IoT system for locomotives reduced fuel consumption while allowing for increased speed. In fact, GE estimates that this and similar benefits of the IoT for the global economy could add up to USD$10 to USD$15 trillion in twenty years.
With such a promising future forecast for IIoT, engineers may want to keep their eyes open for new learning opportunities to enter the IoT job market. To learn of one such learning opportunity, click here.