From manufacturing to the retail sector, the infinite applications of the industrial internet of things are disrupting business processes, thereby improving operational efficiency and business competitiveness. The trend of employing IoT-powered systems for supply chain management, smart monitoring, remote diagnosis, production integration, inventory management, and predictive maintenance is catching up as companies take bold steps to address a myriad of business problems.
No wonder, the global technology spend on IoT is expected to reach USD 1.2 trillion by 2022. The growth of this segment will be driven by firms deploying IIoT solutions and giant tech organizations who are developing these innovative solutions.
To help you stay ahead of the curve, we have enlisted a few trends that will dominate the industrial IoT sphere.
1. Cobots Are Gaining Popularity
Digitization is having a major impact in the industrial robotics segment as connected cobots or collaborative robots, making their place in the smart manufacturing ecosystem. This trend is improving the efficiency of operations and the reliability of the production cycle.
IIoT is making robots mobile and collaborative, offering technologies, such as self-driving vehicles (mobile collaborative robots), machine vision (part identification), and additive manufacturing that can boost production efficiency and business growth with an excellent ROI. No wonder, …