Industrial IoT has the potential of USD 15.3 trillion to the global economy by 2030 subjected to an improvement of 1-1.5%. Industrial Internet is a revolutionary technology that enhances the Industrial environment with the IoT capabilities. IIoT helps to solve the bottlenecks in the business environment, provides operational efficiency, increases productivity and reduces the complexity of the process.
The main benefit of Industrial IoT is the connected enterprise that enhances the visibility across various departments and benefits with a smooth workflow. According to General Electric CEO, Jeff Immelt, IIoT has twice the market potential than that of the consumer IoT.
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