The rise of intelligent industry and the Industrial Internet of Things
According to IDC, the global Internet of Things (IoT) market is set to grow to $1.7 trillion by 2020. Fuelling that is an expected increase in the number of active IoT endpoints, from 10.3 billion in 2014 to more than 29.5 billion in 2020. The proliferation of smart, connected machines and devices is having a profound impact on how industry around the world operates. We are ushering in a new era - the Industrial Internet of Things (IIoT) – where data from interconnected devices is used to improve industrial performance.