|Skyline of Hong Kong. / Photo by: Free-Photos via Pixabay|
The Industrial Internet of Things which connects advanced analytics, employees, and machines in manufacturing, is expected to boom dramatically in Greater China. According to a report from GSMA, the region is in a position to lead the global IIoT market.
In the report, GSMA describes that the Fourth Industrial Revolution is a dramatic step toward changing the lives of many people. The revolution will include growth in artificial intelligence, big data, high-speed internet connectivity, and the internet of things. For countries like China, Hong Kong, Macau, Singapore, and Taiwan, the IIoT is the future of economy and technology.
“These new technologies will fundamentally alter the way we live and work, intelligently connecting virtually every device, making our cities smarter and our lives easier and more productive. China is betting big on the IIoT to increase productivity and drive efficiencies by streamlining and automating manufacturing processes via internet connectivity,” said Alex Sinclair, chief technology officer at GSMA.
China is one of the largest economies in the world and its government is backing up the research and development of IIoT and other advanced technologies. The report forecasts that Greater China will account for about one-third of the global market of IIoT or 13.8 billion connections by 2025.
In IIoT, the application of connected devices and technologies enable the application of AI, analytics, big data, and internet connection to enhance manufacturing process, improve efficiency and productivity gains, and reduce the percentage of system risks and failures. There are at least 10 possible applications of IIoT, such as monitoring of goods and transportation, smart metering, optimization of energy consumption, maintenance of heating, air conditioning and ventilation systems, and assessment management related to performance.
The progress in artificial intelligence and 5G network technology is also expected to boost the rapidly growing market of IIoT in the region.