Educating B2B Customers through ABM

November 29, 2017

Just as the Internet of Things (IoT) revolution has opened the door to newer and ever-more creative forms of building automation for consumers, the Industrial Internet of Things (IIoT) has developed an interconnected world of equipment and components not only within manufacturing facilities but between facilities across the globe. The consulting group Accenture estimates IIoT could add $14.2 trillion to the global economy by 2030, and the value that its powerful analytic capabilities are bringing to manufacturers are unprecedented. IIoT technologies take Supervisory Control and Data Acquisition (SCADA) systems long the standard bearer in plant monitoring and control to a whole new level. IIoT-connected systems can collect and process vast amounts of data at record speeds, transcending the limitations of geography. While IIoT is at the cutting edge of collecting, storing, and analyzing data over long periods of time, SCADA is still preferred for day-to-day plant maintenance and operations. Though the two systems utilize relatively similar concepts collecting and responding to data collected from connected equipment SCADA systems typically have high overhead costs associated with connecting new assets, requiring plant managers to weigh the value of critical data against the cost to acquire it.

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