An industry perspective: understanding the challenges, benefits & potential of the IIoT

Industrial IoT, also referred to as Industry 4.0, is beginning to gain momentum. Whatever you call it, the development of automated technology, along with the connectivity of devices through the Industrial Internet of Things (IIoT) enables manufacturers and engineers to increase productivity, improve efficiencies and achieve a decrease in maintenance costs. As a leading distributor of components for industrial automation, we have interviewed experts from across the industry to gather their insight into the progress of this fourth industrial revolution. The interviews highlight the benefits of Industry 4.0 and how these leading manufacturers are assisting their customers in implementing new technologies. Our interviewees also reveal the challenges that can be faced by companies looking to adopt Industry 4.0 and offer their insights on how these can be addressed.

— Simon Meadmore, Global Head of Interconnect, Passives & Electromechanical, Farnell