The term Internet of Things (IoT) describes a network of physical objects (e.g.: Products, machines or robots) equipped with sensors, software and other technologies to communicate and exchange data with other devices and systems over the Internet.

A distinction should be made between the Internet of Things (IoT) and the Industrial Internet of Things (IIoT). The IoT concept is consumer-oriented, whereas IIoT is the industrial concept. Within an IIoT network, entrepreneurial devices and systems are interconnected. The underlying idea is to achieve cheaper, faster, more accurate and more efficient results. IIoT has been significantly adapted in recent years. In particular, many industrial companies in Germany have recognised the potential of IIoT and implemented them in various use cases.

IoT is the connectivity base for Industry 4.0 and is therefore also described as an enabler of the digital transformation of industry and industries.

The interconnection and communication of the systems enables data to be exchanged, monitored, collected and analysed. This provides important information to guide business processes and decisions. For example, the analysis of the data may provide information on which production parameters need to be adjusted to avoid errors, standstills or delays.

Another example of use of IIoT is the monitoring of machine maintenance needs. Appropriate sensors on the machinery can cause repairs at an early stage before the defect occurs in the first place.

IIoT can also optimise logistics by showing through sensors where there is a free storage space or where the appropriate storage space for a specific object is located. It is also possible to better locate and locate objects in a warehouse with appropriate sensors. Furthermore, re-ordering of articles can be automated by sensors measuring the stock and automatically triggering an order once a specified number is reached.

Use our technology radar to keep a look at the main technologies relevant to SMEs!