Industrial Internet of Things industrial subset of the IoT. The industrial internet of things will enable the creation of new business models by improving productivity, exploiting analytics for innovation, and transforming the workforce. The potential of growth by implementing IIoT is predicted to generate $15 trillion of global GDP by 2030. While connectivity and data acquisition are imperative for IIoT, they are not the end goals, but rather the foundation and path to something bigger. Of all the technologies, predictive maintenance is an "easier” application, as it is applicable to existing assets and management systems. Intelligent maintenance systems can reduce unexpected downtime and increase
Smart grids by country electricity networks looking towards 2020 and beyond. The very concept of Smart Grids as now starting to be deployed was developed in 2006 by the European Technology Platform for Smart Grids. Such concept concerns an electricity network that can intelligently integrate the actions of all users connected to it - generators, consumers and those that do both - in order to efficiently deliver sustainable, economic and secure electricity supplies. European Technology Platform identifies that smart grid employs innovative products and services together with intelligent monitoring, control, communication, and self-healing technologies in order to: The EU aims to replace 80% of