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Among the 12 use cases identied by IoT Analytics, the largest in terms of market size will be Advanced
Digital Product Development, while the biggest growth rates between 2018 and 2023 will be for Additive
Production (i.e. industrial-scale 3D printing) and Augmented Operations:
In a statement, Matthew Wopata, the report’s main author and IoT Analytics’ lead expert for Industrial
IoT said:
“Advanced digital product development emerged as the largest use case for I4.0 technologies as companies
are using additive manufacturing, AR/VR, and digital twin technologies to reduce product development costs
and time to market. Other large use cases such as data-driven quality control, predictive maintenance, and
data-driven asset/plant performance optimization will continue to grow in popularity as manufacturers use I4.0
technologies to improve their operational KPIs, such as OEE [Overall Equipment Effectiveness]. The leading
vendors of I4.0 solutions are hyper-focused on customer pain points/use cases and ensure that the data-driven
insights generated from I4.0 solutions lead to measurable improvements and tangible ROIs.”
IIOT INDUSTRY ASSOCIATIONS
There are a number of industry associations relevant to the IIoT, and on 31 January 2019 two of the leading
bodies—the Industrial Internet Consortium (IIC) and the OpenFog Consortium—announced that they
had united.
IMAGE: IOT ANALYTICS
SPECIAL REPORT: THE RISE OF INDUSTRIAL IOT
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