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The Internet of Things has been given the label of the next Industrial Revolution as it is going to bring about a staggering change to way in which people work, live, travel and entertain themselves. Not only that, it will also change how the businesses and governments will interact with the entire world. The revolution has already started! Have you seen the brand new car which is being manufactured with a number of apps? That’s through the Internet of Things. What about those smart home devices which let you control the thermostat and play music? This is also due to the IoT and the fitness tracker that you wear on your wrist to know how your exercises are helping your body that is all due to the grace of IoT. But hey, this is just the beginning and there’s lot to come in the near future.

  • Bluetooth will become smarter and faster than ever

  • The entire office will be connected through the Internet of Things

  • More Sensors will become more common and available

  • IoT will weigh down on the entire health industry

  • There will be a battle for all platforms

The Industrial Internet of Things

The Internet of Things is beginning to permeate every facet of our world and take hold in all major industries. The introduction of IoT technologies into manufacturing and large, industrial scale machinery, is fostering a new economy nurtured by these technologies. The Industrial IoT enables machines to communicate with one another as well as with their human counterparts. This provides improved safety, security, and efficiency. The Industrial IoT will have wide-reaching economic impacts.

Advancing technology brings us forward

This movement has been sparked by the low cost of sensors, and the reliability of long-range wireless technology. These innovations make it possible for sensors to be implemented in all scales of equipment, while long range networks provide connectivity across massive distances. One example of this is LoRa.

Lora is a low power wide area network that provides wireless connectivity for Things and devices. These devices can provide connectivity across 15km. These advances will enable large scale industrial productions to connect to the cloud, seamlessly.

The Economic Impact

These advances go beyond just manufacturing and will spread into farming, city planning, energy management, and more. This expansion will create a boom of technological, economic, and global benefits. It is predicted that this growth will be comparable to the industrial revolution. If so, it will increase the GDP around the world, and provide new economic, technical, and employment opportunities to citizens globally. As with previous revolutions, it is expected that the industrial IoT revolution will drive up average incomes, living standards, particularly in industrially advanced economies.

The infographic below from RS Components Ltd details this boom of business and technological advancements.
IoT - the next economic revolution

The IoT will allow for greater automation of previously human-intensive work, creating greater productivity per man-hour invested.

Some potential applications:

  • Smart Farming: Making use of the vast amounts of information from crop yields, soil-mapping, fertilizer applications, weather data, machinery, and animal health, to improve yields and cut costs in the modern farming environment.
  • Smart Manufacturing: Using the industrial internet to create a fundamental shift in how products are invented, manufactured, shipped and sold. Intelligent networks will power the value chain – connecting people, processes and data and generating new best practices.
  • Smart Cities: Cities could stand to benefit significantly from connecting people, processes, data, and things together. City assets such as libraries, transportation systems, power plants, water supply networks, waste management systems, law enforcement, hospitals and other community services could feed off each other. Local governments will understand what is happening on micro and macro levels, and how the city is evolving.
  • Smart Energy: Power generation can be improved by combining sensors, big data, and connectivity. Imagine wind farms that make slight mechanical adjustments to capitalize on the small changes in wind velocity or direction, to be more efficient – this is only scratching the surface of what is possible.

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