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 Department of Energy and Climate Change under the Cameron-Clegg coalition from 2010 - 2015 and now under Department for Business, Energy and Industrial Strategy and Office of Gas and Electricity Markets, the (rollout of) smart meters are estimated to cost £11 Billion, providing the British economy a net £6.7 Billion benefit. Smart Energy UK identifies the different roles of six stakeholders involved in the rollout of smart meters: Support for smart grids became federal policy with passage of the Energy Independence and Security Act of 2007. The law, Title13, sets out $100 million in funding per fiscal year from 2008–2012,