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Another important dimension is asset performance management (APM) which includes asset
management and maintenance. While manufacturers have widely accepted the concept of
preventative and condition-based monitoring,
many are still in the process of implementing
these methods. With the Industrial Internet of
Things, lower cost and intelligent sensors, wireless connectivity and more advanced analytics
tools are making it less expensive and easier to
implement and collect actual performance data
and monitor the health of factory equipment.
AMNYTT #2
Both conceptual models, the vertical/hierarchical and the horizontal/lifecycle models, provide
a solid basis for beginning to think about the
transformational possibilities enabled by the
advent of the Industrial Internet of Things and
Industrie 4.0. However, both probably need to
be expanded a bit to properly treat the new business models and services that IIoT will create.
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2015