The market opportunity of the fourth industrial revolution will be detonated in the IIoT concept

By implementing industrial automation technology and smart factory concepts, IIoT will be the key to driving global manufacturing transformation. . .

The Internet of Things (IoT) is undoubtedly the hottest topic in the technology industry in the past two years. This term may still be largely unimaginable in the consumer application market, and it seems to be somewhat "virtual" because the business model has just started. The business opportunity of the ethereal, but in the field of industrial applications, the Internet of Things has a clearer outline and more substantive connotations.

Market research firm MarketsandMarkets predicts that the so-called "Industrial Internet of Things (IIoT)" market size is expected to reach $151 billion by 2020 and the compound annual growth rate (CAGR) between 2015 and 2020. At 8.03%; the main factors driving the market include advances in related semiconductor and electronic technologies, the development of cloud computing technologies, IPv6 standardization, and policy promotion by global governments.

The market opportunity of the fourth industrial revolution will be detonated in the IIoT concept

By implementing industrial automation technology and smart factory concepts, IIoT will be the key to the transformation of global manufacturing. Germany's “Industry 4.0” – the fourth industrial revolution – is one of the large-scale strategies. Other major manufacturing countries such as the United States, China and India also have similar initiatives that attempt to use smart technology to improve manufacturing efficiency, expand revenue scale and global influence.

The hardware technology required to deploy the Industrial Internet of Things is in fact ready. The key is to combine these hardwares with software suitable for different applications to achieve a holistic solution for high-efficiency smart factories. It also includes grid erection, massive data analysis and transmission, and the stability, security and reliability of related solutions are also indispensable. In addition, standardization and a platform that allows other industry chain players to work together will be the basis for their sustainable development.

Taiwan, which has rich experience and complete industrial ecology in manufacturing, IT industry and IC industry, can be said to have the unique conditions to grasp the global industrial IoT business opportunities. However, traditional manufacturers want to transform smart factories, often because they are not familiar with IT fields. Technology does not know where to start; IT companies interested in cutting into the industrial Internet of Things to provide related services need to find the latest software and hardware technologies and market trends to meet the needs of related applications; IC manufacturers to occupy a place in the industrial IoT market, then Start with a platform-based concept to provide customers with a complete solution.

The Tech Taipei Industrial IoT Seminar, to be held on December 7th, aims to provide an opportunity for all people who want to learn about IIoT, prepare to enter the field, or are looking for relevant solutions to share their experiences and Experts and scholars in the industry discuss the latest trends.

At the seminar, there will be large manufacturers from the semiconductor field to introduce how to implement a safe and reliable industrial Internet of Things with advanced microcontroller (MCU) solutions; and power lines and network routes that are indispensable for the construction of industrial Internet of Things. Configure and share practical experience on how to achieve high energy efficiency and stable design.

In addition, the component channel industry provides a quick guide to the industrial IoT design solution from the perspective of the supply chain; industrial computer manufacturers will combine the software and hardware technology, cloud computing / massive data analysis with a holistic view. Describe the future and advantages that the Industrial Internet of Things will achieve, and try to promote the further development of the Industrial Internet of Things by platforming and establishing the concept of a complete industrial ecosystem. Of course, how to use flexible and efficient management solutions to protect the security of industrial IoT while allowing investment to be quickly recycled and profitable is an issue of interest to many people.

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