The Industrial Internet of Things (IIoT) is helping industrial equipment manufacturers redesign their entire business. Realizing the full value of IIoT technology has become increasingly critical to their success, as a wealth of new growth opportunities is emerging, driven by the digital revolution. Edge analytics, a new analytics approach, can aid their efforts.
The connected world is expanding ever further at an ever-faster pace. As many as 50 billion devices could be connected to the Internet of Things (IoT) by 2020, according to Cisco, including numerous industrial machines and devices.