VentureBeat June 9, 2022
The industrial internet of things (IIoT) market is projected to be worth over $106 billion by 2026. Between unprecedented supply chain issues caused by the pandemic and customer delivery expectations reaching an all-time high, it’s no wonder companies are doing everything they can to bolster the efficiency and reliability of their operations.
Consider the massive transformation and new product adoption that occurred during the three previous industrial revolutions, stimulated first by the application of water and steam power and then, in Industry 2.0, distributed electricity and assembly lines, followed by computers (Industry 3.0).
Today, Industry 4.0 connects those disparate systems and layers on smart sensors for advanced integrated systems use cases. Industry 5.0 is poised to take industry another leap...
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