Terms such as the Internet of Things (IoT), the Industrial Internet of Things (IIoT), Big Data and Industry 4.0 are bandied about in industrial contexts. Implementing these initiatives promises benefits that improve business outcomes through new insights on production results.
Opportunities for an integrated plant are driven by a new generation of wired and wireless sensors. Such sensors enable generating, gathering and storing data economically, and in quantities never previously available. The data then can be sent to process control and monitoring systems via plant networks or through the internet.