SUPPORTING A SERVICE-ORIENTED APPROACH IN THE IIOT
AVNET
The Industrial Internet of Things (IIoT) continues to grow at a steady pace. It provides real-time visibility of operations across factory floors and supply chains, yielding big gains in efficiency, safety, and uptime. The IIoT market is forecast to reach $263.4 billion by 2027 at a CAGR of 16.7%; some estimates even put the figure at $1.1 trillion by 2028. This aggressive growth rate has been galvanized by the COVID-19 pandemic as many OEMs implemented more machine-to-machine and human-machine digital interactions to maintain staff safety. Despite the advantages of connecting industrial machines and tools, and teaming factory data with cloud apps and supply chain systems, barriers to joining the IIoT remain. Manufacturers, mining operations, energy producers, and other
The IIoT is a major shift away from SCADA, but it brings huge gains in productivity, serviceability, and flexibility as part of digital transformation.
established industrial users have had difficulty integrating IIoT technologies into their existing operational technology and IT systems. That integration barrier can be overcome, however, through the adoption of Service Oriented Architecture (SOA), microservices, and the Open
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