Some Thoughts About Industrial Internet, IoT and M2M

Industrial Internet, Internet of Things (IoT), Internet of Everything (IoE), Machine-to-Machine (M2M) business area is growing very fast and it will be huge. The baby has many names – let us see, which one will be the final “umbrella name” and what kind of categories we will see in the future. There are differences too; for example modern digital, connected wearables belong to the group of HIoT (Human Internet of Things) and solutions like smart grids (Internet connected) belong under the theme of Industrial Internet. But I think that most of us understand that they all describe about the same phenomenon known as Internet of Things.

The key point is the ability to gather (via Internet) sensor (big) data, manipulate it and control the physical objects in real-time. Physical objects can be anything – for example bridges, machines, buildings, power networks or persons. It is very important to filter and refine the gathered data and to visualize it for the user (the UI is important). Only a well-planned and created project/ process is worth the needed investment – it should be “must have” instead of “nice to have”. Just think about the savings, if you could monitor and control your facility’s energy consumption with your mobile phone! Or if a maintenance manager could manage a wind park real-time with a tablet! These are “must have” services.

The field of the IoT- players is very wide. The development of the IoT builds a new global or local ecosystem of companies that add value to the network. There are needs and room for hardware manufacturers, system integrators, design agencies and software developers. There are thousands of start-ups creating their own products and services around the world. And many large businesses are building cloud-based services with intelligent analytics so that they can collect and combine vast amounts of industrial-machine data and equipment data, extracting unique insights that they can use to set new performance standards in major industries such as energy and manufacturing.

A valuable IoT -solution has to be simple (any person should be able to use it) and robust (the ability to tolerate failure is important) and easy to integrate with existing systems. Open source -software, open APIs and “no-vendor lock in” are important keywords too.

Kimmo Seppänen
CMO
CyberLightning Ltd.