Understanding the Industrial Internet the $$$ Trillion Opportunities for Your Enterprises

By Pankesh Patel

Characterized by comprehensive digitalization of industrial products and their value chains, Industrial Internet of Things (IIoT) (or Industry 4.0 -- fourth industrial revolution) will not only revolutionize organizations’ product and service portfolios, but, more importantly, will lead to new and disruptive business models, requiring adaptation by end customers. As a result, challenges and opportunities abound for manufacturers, small and medium enterprises (SMEs), and startups that inhabit the IIoT ecosystem.

This book aims to help you understand and respond to the Industrial Internet technology trends, technologies, specifically for Industrial Internet of Things (IIoT) use cases.

It begins with a broad overview of IIoT concepts for those, who want to understand what IIoT is. After that, the follow-on chapter dives deeper into IIoT use case scenarios specifically relevant to technical managers, programmers, and software architectures, who are responsible for developing IIoT solutions.

• Language: English
• Publisher: Lulu.com
• Release date: Mar 21, 2019
• ISBN: 9780359531363

Book preview

Understanding the Industrial Internet the $$$ Trillion Opportunities for Your Enterprises

Understanding the Industrial Internet

The $$$ Trillion Opportunities for your Enterprises

Pankesh Patel

Chapter 1 Introduction

Introduction to Industry 4.0

For centuries, goods (such as cloth, food, house) were made by human hands or with the help of animals. By the beginning of the 18th century, manufacturing began to change dramatically with the Introduction of Industry 1.0.

Figure 1.1 shows an overview of the evolution of Industry 1.0 to Industry 4.0. It shows Industrial evolution, beginning from water and steam-powered mechanical production in the 18th century to the 21st-century Industry 4.0 evolution using advanced technologies for manufacturing.

Figure 1.1: Industry 1.0 to 4.0: the Evolution of Industrial Internet, reference

Figure 1.1: Industry 1.0 to 4.0: the Evolution of Industrial Internet, reference

Industry 1.0 – first industrial revolution

``Water and steam powered mechanical production. First power loom, 1784.’’

During the 18th century, water and steamed-powered machines helped us to mechanize some of the work our ancestor did. This is called Industry 1.0.

In 1784, the first weaving loom was introduced (see figure 1.2). Using such machines, production efficiency and scale were increased. Small businesses grew from serving a small number of customers to a large number of customers, crossing geographical boundaries. This era is also called as the beginning of the industry culture, which