| | AUGUST 20228IN MY OPINIONBy Dr. Makarand Sawant, Vice President - Information Technology, Sahyadri HospitalsMakarand is a Technology and business visionary with 23 years of executive and hands on experience in automating multi-billion dollar enterprises. He has a strong record of success in creating robust IT architectures and infrastructures. He previously worked as Senior General Manager­ IT at Deepak Fertilisers and Petrochemicals Corporation.THE BENEFITS OF IIOT LEADING TOWARDS PRODUCTIVITY OF BUSINESSakarand is a Technology and business visionary with 23 years of executive and hands on experience in automating multi-billion dollar enterprises. He has a strong record of success in creating robust IT architectures and infrastructures. He previously worked as Senior General Manager ­ IT at Deepak Fertilisers and Petrochemicals Corporation.Industrial internet of things (IIoT) refers to interconnected sensors, instruments, and other devices networked together with industrial applications. The industrial Internet of Things (IIoT) connects people, products, and processes to power digital transformation. It is network of smart devices that has its own computing capability, which are connected to form systems that collect, monitor, exchange and analyze data at industrial level. The main focus of the IIOT is specifically on industrial applications. By combining machine-to-machine communication with industrial data analytics, IIoT is driving unprecedented levels of efficiency, productivity, and performance. And as a result, industrial companies in power generation, oil & gas, utilities, manufacturing, aviation, and many other industries are experiencing transformative operational and financial benefits.IIOT technologies are used to transform industrial assets and systems so that they become more predictive, prescriptive, safer, intelligent and more profitable. This includes using Digital Twins, learning, living models that combine domain knowledge and data analysis to detect, prevent, and predict critical issues in order to uncover insights that drive business value. And, the remote capabilities enabled by the IIOT help critical industries manage assets, design functional systems and collect data. The smart devices communicate with each other and create valuable insights. IIoT brought with it the advantages of asset optimization, production integration, smart monitoring, remote diagnosis, intelligent decision making and most importantly the feature of Predictive Maintenance.IIoT Helps With:1. Supply Chain Management: Supply chain management reduces costs, saves time, reduces losses, and increases transparency.M
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