The World Economic Forum's (WEF) IT Governors launched the Industrial Internet
initiative at the Annual Meeting 2014 in Davos, Switzerland. Ithe Industrial Internet of Things (IIoT) will dramatically alter manufacturing, energy, agriculture, transportation and other industrial sectors of the economy which, together, account for nearly two-thirds of the global gross domestic product (GDP).
The term Industrial Internet of Things (IIoT) refers to the seamless integration of the physical and digital worlds through networked sensors, machine learning and big data. The explosion of connected products and physical systems will present an enormous new market opportunity for many types of companies. It promises to fundamentally transform and disrupt a wide range of traditional industries through improved operational efficiency, new business models and opportunities for job creation. It also brings new risks to business and society.
The WEF produced a 34 page report on this in January, 2015. This can be downloaded in PDF format from the link provided with this event.
