Industrial Internet of Things (IIoT) Allows Entrepreneurs To Integrate Into Smart Cities And Smart Utilities
Thanks to innovative entrepreneurs, Industrial Internet of Things has been adopted into smart utilities and smart cities across a wide range of industries. IDC reported that the funds spent on smart city technology globally are going to soon hit the $80 billion mark. As we move towards new applications and technologies, the production networks, their security and performance among other parameters have to be tested.
It looks like by 2020, there will be 20.4 billion Internet of Things (IoT) devices connected globally. It appears that half the companies investing in IIoT program already have a fully implemented strategy in place while one-third of them have a partially implemented strategy.
By deploying standards-based network infrastructure, cities and industries can utilize third-party developers to optimize, improve and extend their service offerings. Developer programs can be the catalyst that cities and utilities need to for the future of IIoT.
The problem faced with these attributes is that they are one-time use proprietary networks and a bit expensive. Focusing on the future requirements and the current layout, network operators can make sure that the network architecture they choose delivers performance, security durability, and resilience needed for the initial deployment.
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