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The Fourth Industrial Revolution is powered through myriad ways but all roads lead back to IoT. KORE and a panel of experts present on the influences and opportunities in Industrial IoT (IIoT), as well as the challenges and how to overcome them.
The APAC IIoT market is expected to reach $198.5 million by 2029 diverse and widespread use cases, from smart metering to waste container management to manufacturing and robotics. The common thread in these applications is IoT, which connects devices through cellular connectivity to the cloud and to generate analytics.
The various benefits of these analytics range from asset tracking and monitoring through the supply chain for finished products or parts, remote equipment monitoring and repair, as well as predictive maintenance to reduce downtime, efficiency, optimisation, safety, sustainability, and managing workforce challenges.
The IIoT market is rife with technologies to choose from, implement, or leverage, including:
eSIM: a global, future-proof approach to robust and resilient connectivity
Connectivity technologies: As 2G and 3G become legacy networks, the choices include 4G LTE, 5G, low power wide area (LPWA) networks and Low Earth Orbit (LEO) satellite. For manufacturing scenarios, cellular connectivity in the form of 4G LTE and 5G will help power fast, powerful applications of IoT such as robotics, predictive maintenance, digital twins, and artificial intelligence coupled with edge computing. For asset monitoring or instances where devices are underground, remote, or in transit, LPWA and satellite technologies pair nicely.
Private networks: With 4G LTE and 5G applications, private networks are part in parcel when considering infrastructure build. The benefits include dedicated bandwidth and potentially higher security, but also require more CapEx and in-house management.
Global challenges: Regulatory compliance, roaming challenges, and longevity in connectivity solutions are complicated by global reach in implementation.
In the webinar “IoT in Industrial: What Gets Measured Gets Managed” on October 24 at 3 p.m. AEDT where KORE and experts will touch on these important topics and the industry research supporting the trends in IIoT from the recent global study from Kaleido Intelligence.
The opportunity in IIoT is immense, but it can be hard to know what direction to take. Register for the webinar to learn more on how to maximize investments in Industry 4.0.
