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 report on the deployment of smart metering found: The Smart Grid Forum had identified that smart technology would give energy consumers greater control of their energy use, bills, greater security of supply and enable the use of less carbon. It had further indicated that integration of smart grids with regular technology would potentially save up to £ 12 billion by 2050 and deliver 9,000 additional jobs and create a £5 billion export market. To complete the transition to Smart Grids, United Kingdom plans to roll out 53 million smart meters to 26 million households from 2015 to 2020. Initiated by