The Industrial Internet of Things (IIoT) is still all the rage. But most importantly, Iiot sets the stage for new trends and technologies that will revolutionize industrial maintenance by 2030.

Industry 4.0 and the Industrial Internet of Things: How is early adoption progressing?

796-194102-001 Is the Industrial iot just hype, or is it really worth it? Digital transformation is a challenge for most organizations and requires significant retraining efforts. It’s normal to be worried, even suspicious. A recent McKinsey study showed that businesses that implemented Industry 4.0 before the pandemic were better able to manage disruptions and respond to multiple scenarios.

On the other hand, businesses that are lagging behind Industry 4.0 are finding that they don’t have the right digital infrastructure to withstand downtime. It also found out how difficult it is to implement new technologies during a global pandemic. In short: Investments in Industry 4.0 and Industrial iot paid off in 2020. Delaying only makes it harder to catch up in the future.

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Introduce advanced technology

“Advanced technology” is an umbrella term that covers all technologies with a small number of users but with great promise. Such as artificial intelligence, speech recognition, virtual reality or 3D visualization. Despite 796-194102-001 being labeled “immature,” advanced technologies are already making progress in the field of industrial maintenance by 2020. In a survey, 17 percent of maintenance managers are applying some kind of advanced technology, and another 47 percent intend to use it in the next three years.

However, a recent McKinsey study shows that the use of advanced technologies in operations has accelerated 25 times as a result of the COVID-19 pandemic. As these technologies improve and become more accessible, we will witness the transformation of factories and plants as we know them, including maintenance. And, because of COVID-19, it could happen before 2030.