Internet of things can also be integrated with the Smart Grid, thereby enabling real-time energy optimization. Measurements, automated controls, plant optimization, health and safety management, and other functions are provided by a large number of networked sensors. The term industrial Internet of things (IIoT) is often encountered in the manufacturing industries, referring to the industrial subset of the IoT. IIoT in manufacturing could generate so much business value that it will eventually lead to the Fourth Industrial Revolution, so the so-called Industry 4.0. It is estimated that in the future, successful companies will be able to increase their revenue through Internet of things
Smart lighting photonics are already transforming society just as electronics revolutionized the world in recent decades and it will continue to contribute more in the future. From the statistics, North America’s optoelectronics market grew to more than $20 billion in 2003. The LED (light-emitting diode) market is expected to reach $5 billion in 2007, and the solid-state lighting market is predicted to be $50 billion in 15–20 years, as stated by E. Fred Schubert, Wellfleet Senior Distinguished Professor of the Future Chips Constellation at Rensselaer. Smart lighting Smart lighting is a lighting technology designed for energy efficiency. This may include high efficiency