8 industrial IoT trends of 2019 that cannot be ignored — from datafloq.com

Excerpt:

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.

 

5. 5G Will Drive Real-Time IIoT Applications
5G deployments are digitizing the industrial domain and changing the way enterprises manage their business operations. Industries, namely transportation, manufacturing, healthcare, energy and utilities, agriculture, retail, media, and financial services will benefit from the low latency and high data transfer speed of 5G mobile networks.