The Internet of Things (IoT) has become a true game changer for industries worldwide.

A few years ago, IoT became a cool catch-phrase for “smart” consumer products – such as refrigerators that connect to the Internet and can provide helpful data, such as when you need to buy a new carton of milk.

But today the uses for IoT – especially in the manufacturing and business world – are infinite.

IoT trends to watch: 

  • Forbes recently reported that IHS forecasts …the IoT market will grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025.
  • This years’ series of Internet of Things (IoT) and Industrial Internet of Things (IIoT) forecasts reflect a growing focus on driving results using sensor-based data and creating analytically rich data sets.”

Business Intelligence: how the Internet of Things affects your company

 Today businesses are using IoT to increase efficiencies by connecting multiple machines that can then procure and provide actionable data.

For instance, an oil and gas company may have a corporate office with 150 computers on-site in their corporate office, but have more than 15,000 machines in the field – all with IP addresses – and all requiring management to leverage the critical data these machines can yield.

The question therein lies: How are companies leveraging the business intelligence and securing these devices? And more importantly, is their network set up properly to handle IoT?

Network World writes, “Buying into IoT comes with a wealth of benefits, but adopting heavy use of the internet of things means more than plugging in devices and waiting for the data to pour in; it means modifying network infrastructure to accommodate them.”

 How is IoT BI Being Used in Various Industries? Three examples:

  • A recent Network World article stated Rockwell has been “…allowing its customers to connect the industrial equipment and systems they use to the cloud in order to better analyze their operational data and improve decision support for both operational technology and IT users.”
  • Forbes reported that “Lufthansa is using an IoT-based strategy to create an entirely new business mining dataset from their maintenance, repair, and overhaul (MRO) operations as well as …using real-time aircraft, airport, and weather sensor data to improve on-time performance and optimize operations.”

  • Likewise, in the healthcare industry, TechTarget cites that medical institutions use IoT for “…inventory management, workflow optimization and (medical) device integration.”

In part two of this blog, we will discuss one of the biggest challenges facing IoT in industry today: security.  We will also provide recommendations for establishing a secure IoT infrastructure.

 

The Internet of Things is a game changer, but organizations must ensure their network is set up to secure and manage multiple devices.  DiamondIT has the expertise to help secure and manage an IoT infrastructure. For more information:  www.diamondit.pro or call (877) 716 – 8324