What is the Industrial Internet?

Industrial Internet (Industrial Internet of Things, Industrial Internet, IIoT) is a concept of constructing information and communication infrastructures that implies connecting any non-household devices, gadgets, detectors or sensors and automated process control systems (PCS) to the Internet, as well as integrating those elements with each other, which leads to creation of new business models in creation of goods and services and provision thereof to the consumers.

The key driver for implementation of the Industrial Internet concept is increase of the existing production and technology processes’ efficiency and decrease of the need for capital expenditures. The companies’ resources that are made available through that form the demand for solutions in the field of the Industrial Internet.

The IIoT system nowadays engages all the elements it needs to function properly: manufacturers of detectors, sensors, other devices and software, system integrators and customer companies (both B2B and B2G), network carriers.

Introduction of the IIoT greatly influences the economy of both certain companies and the country in general. It increases workforce productivity and brings GNP growth. It improves the labor conditions and provides the opportunities for a career growth. Service economy created as a result of this transition is based on digitizing the production industry and other traditional sectors, exchanging data between different entities in a production process and analyzing big data.

The sectors that would benefit the most from implementing IIoT solutions and platforms are housing and utilities, transport, healthcare, agriculture and power industry. Thanks to Minenergo’s active position, the roadmap for use of IIoT technology has already been implemented in the power industry.