Internet of Things (IoT)

The vision of tomorrow’s manufacturing: In intelligent factories, machines, raw materials, and products communicate within an “Internet of things” and cooperatively drive production. Products find their way independently through the production process. The objective: highly flexible, individualized and resource-friendly mass production. That is the vision for the Fourth Industrial Revolution. In industrial context also known as Industrial Internet of Things (IIoT).
IoT platforms kinds: IoT Application Enablement Platforms, IoT Device Management Platforms, IoT Cloud Storage Platforms (IaaS), IoT Analytics Platforms, IoT Connectivity Backend (Platforms)

Predictive Maintenance

Since new sensors and IoT devices can be integrated in production processes and operations, the availability of data increases drastically. AI-based algorithms are capable of recognizing errors and differentiating the noise from the important information to predict breakdowns and guide future decisions.
“Predictive maintenance strategies are based on the combination of traditional condition monitoring enhanced with analytics algorithms, thus enabling the prediction of machine failures before they occur.” https://iot-analytics.com