The Industrial Internet of Things (IIoT) is seeing considerable investments globally, in a bid to tap into its potential to boost productivity on the factory floor by integrating horizontal and vertical supply chains through connected devices. To better support companies with designing and rolling out IIoT technology, PwC has entered into an alliance with GE Digital, whereby the firms will leverage their respective strengths and offerings in the field to create new IIoT based business applications.
The Industrial Internet of Things (IIoT) promises to integrate humans and intelligent machines along horizontal and vertical supply chains, delivering a host of improvements to productivity and reducing costs. The technology is part of the wider development of the ‘Internet of Things’ (IoT) – a movement which, according to McKinsey & Company, could add an additional $11.1 trillion per annum in economic benefits to the globe’s economies by 2025.
Article from www.consultancy.uk.