Industry 4.0: Industrial Internet of Things (IIOT)

The physical world is transformed into being digitized and makes everything connected. An explosion of smart devices and technologies has allowed mankind to be in constant communication anywhere and anytime. IoT trend has created a sub-segment of the IoT market known as the industrial Internet of Things (IIoT) or Industry 4.0. Industry 4.0 dubbed I4.0 marks the fourth in the Industrial Revolution that focuses heavily on interconnectivity, automation, autonomy, machine learning, and real-time data. By 2020, it is estimated that over 30 billion of the world's devices will be connected in some waywhich is 20 billion more devices than today! The consistent capturing and transmitting of data among machines provide manufacturing companies with many growth opportunities. The IIoT is expected to transform how we live, work and play. The number one challenge faced by the Industrial IoT is security and privacy. If we cannot alleviate many of the security and privacy issues that impact the Industrial IoT, we will not be able to achieve its full potential. IoT and the trend toward greater connectivity means more data gathered from more places, in real time, to enable real-time decisions and increase revenue, productivity, and efficiency.