2019-01-05
Valve Magazine published an article on how the Industrial Internet of Things (IOT) will be instrumental in improving control valve maintenance. Using data and analytics, companies will be able to time service and repair more accurately, which will reduce costs and eliminate downtime. In this article, we explore exactly what the “Industrial Internet of Things” is and what implications this new level of connection will have for the valve equipment in manufacturing facilities and along pipelines.
What is the Industrial Internet of Things?
The term Internet of Things (IOT) refers to the billions of Internet-connected sensors and devices in our world today. These devices are often referred to as “smart.”
For example, you can now control the temperature and even the lighting in your home with your smartphone. There’s a tennis racket that provides players with data about their strokes, power, and impact. Even Johnnie Walker has joined the Internet of Things, with smart bottles that can detect when each bottle is opened and when it’s consumed. According to Gartner, there will be 26 billion connected “things” in the IOT by 2020.
The Industrial Internet of Things is the application of IOT technologies to the manufacturing sector by adding sensors to equipment and tracking the data through software. The effect of this will be huge.
“Within a decade, the Industrial Internet will be worth more than twice the consumer Internet, and a new breed of digital industrial companies will deliver faster innovation and growth than industry has ever seen before.” ~Jeff Immelt, CEO of GE
