How Are Companies Preparing for the Industrial IoT?

The IoT or “Internet of Things” has certainly had an impact on both consumers and businesses. In fact, by 2020, it is expected that 20.4 billion devices will be connecting machines around the world. Everything from the modern car and home to building plans on construction sites will be centralized and connected.

In the past, industrial technology was split between information technology (IT) and operational technology (OT). Recent integrations with IoT are enabling more complexity where software and machinery blur the lines between IT and OT to meet the needs of industrial companies. This brings us to the Industrial Internet of Things.

The “Industrial Internet of Things” or IIoT brings data solutions for unprecedented improvements in manufacturing, construction, transportation – basically any company operating in an industrial setting. From large-scale logistics to assembly lines, creating this level of connectivity can help people better understand and, in turn, better manage complex processes. In terms of potential growth, the possibilities are endless. As data is collected and shared, this directly impacts production efficiency.

For example, BSM Technologies is a key player for connecting fleet-based companies to the IoT. Our solutions let fleets from industries ranging from construction and rail to government and service fleets make informed decisions on operational improvements, fuel reduction, better routing and material management.  Some of the greatest benefits, when BSM solutions are implemented, include cost savings, greater efficiency and visibility.

Despite all this, companies are proceeding with caution.

Infrastructure, data management and vast fleets of mixed assets to connect are some of the top logistical concerns voiced by companies that are looking to take advantage of the IIoT.

By implementing high-tech networks, computers and sensors, the ability to collect data improves significantly. Unlike one-off consumer applications such as wearable tech devices and smart-home monitoring, industrial companies envision a much more connected and systematic environment.  Additionally, many IoT solutions are designed to uncover trends that were impossible to detect before. The solutions are created to prevent unnecessary delays and improve efficiencies exponentially as they are fitted with multiple data points.

Luckily, companies like BSM Technologies have stayed on top of the changes in IIoT and the concerns of their customers. They have developed the means to connect any asset from different manufactures to one platform to give visibility across an entire job site.

The Top Industrial IoT Companies Overcoming These Challenges in Similar Industries

From manufacturing companies to aviation organizations, some companies have already implemented this evolving technology.

Whether companies have focused their attention on specially built sensors or greater connectivity overall, large manufacturers are reaping the cost-saving benefits.

These companies are prime examples of business entities that are currently utilizing the undeniable power of the IIoT.

1. General Electric

This massive multinational conglomerate uses an IIoT platform known as Predix, which they claim is the largest in the world. They implemented this platform in 2015 after building GE Digital, and they have been rewarded ever since.

Through working with hundreds of companies, the Predix platform is fine-tuned to meet each individual industry’s transformation requirements. So, whether they are working with those in the mining industry or those in aviation, they are solving unique problems and overcoming digital challenges.

General Electric uses a custom-built cloud to efficiently combine data from multiple sources. This also allows machines, people and data to connect to one standardized platform. What’s interesting is that General Electric has historically been in the manufacturing, electrical and mechanical business — which some would consider to be “low tech.” However, they have shifted toward data, computing and software, thus transforming the modern economy.

2. Cisco

A massive networking company, Cisco has developed the Cisco IoT System. Intended to help enterprises control, connect and manage devices that were previously unconnected, the system functions on six key pillars, including network connectivity, security, application enablement, management/automation, and IOx and fog applications.

This system has applications in a number of industrial settings, such as oil and gas, mining, manufacturing and transportation.

3. Bosch

Known for auto products and consumer home goods, Bosch has developed a new foundation for the company. The Bosch IoT Suite connects things on a large-scale, all while being cost-effective, secure and reliable. From managing assets to handling field data analytics services, they too launched their own cloud.

At the end of the day, where there are challenges, there are solutions. A number of next-generation providers will be able to maximize productivity and efficiency while addressing the unique concerns discussed above. Although there are still some hurdles to overcome, one thing is certain — the IIoT will transform and revolutionize industrial companies.

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BSM Technologies – A leading player in the M2M industry for 20 years, BSM continues to grow and has proven its sustainability in the GPS asset tracking and telematics industry. Our location-smart platform is ideal for managing the health and compliance of assets vital to your organization. Covering a wide range of industries from construction and rail to tanks and even HOS, BSM is your committed partner in assisting with all your fleet management solutions.

Today, our solutions are used to optimize and manage over 70,000 assets across 40 countries by some of the largest rail, construction, and commercial fleet organizations in the world. Experience our enterprise-focused solutions, robust capabilities, and customer-oriented culture.