Gartner predicts that the number of IoT devices will surpass 11.2 billion this year, the majority of which are in the consumer sector. The same report forecasts that the endpoint spending will exceed $2 trillion, in hardware and software combined.Source: iotevolutionworld
"Hey Siri, what is IIoT?" Every time you ask Siri, you get an accurate answer. Wonder how your virtual assistant suggests, thinks and talks like a human being? Because it has been taught that way through machine learning.Source: HOB
Industrial Internet of Things needs scalability and flexibility so the future of IIoT needs both fog and edge computing because differentiating between these two technologies can be a challenge for enterprise and industrial companies. These two terminologies are often used interchangeably as they both involve pushing intelligence and processing capabilities.Source: HOB
Industrial products lead all industries in the Internet of Things (IoT) adoption at 45% with an additional 22% planning to adopt IoT in the next 12 months according to a recent Forrester survey. The Industrial Internet of Things (IIoT) market is predicted to reach $123B in 2021, attaining a CAGR of 7.3% through 2020.Source: HOB
The immense power that IoT is leveraging to the manufacturing industry in optimizing, improving and controlling Industrial operations has a far affect on Industries today and is going to give higher benefits in the future, no doubt.Source: HOB
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