The Industrial Internet of Things (IIoT) market is expected to reach $151 Billion by 2020 with the APAC region expected to be the largest market at that time.
Big Data & IoT Testbed
Companies everywhere are getting on board the IoT bandwagon, and in some cases, they are working together in large groups to create an entirely new industry. One such group has been brought together by National Instruments which created a laboratory to develop, integrate, test, and distribute IoT technology.
National Instruments NI Industrial IoT Lab features intelligent systems likely to influence the future of the industry. NI Industrial IoT Lab includes industrial asset monitoring, condition monitoring, and predictive maintenance technologies, all key components of a robust IoT. As with all IoT technologies, data acquisition and analytics are combined with cutting edge computing and software platforms to help businesses become better informed with respects to operational assets, problems, and solutions.
The NI Lab also features Time-Sensitive Networking (TSN) which helps industrial applications including process and machine control achieve lower communication latency and reduced jitter, which improves closed-loop control requirements. A demo at the location shows technologies from more than 12 companies working together to create a TSN network. Finally, NI Lab has a microgrid demonstrator with an IIC testbed for open technologies that monitor and control microgrids and perform well with different vendors and protocol standards while being scalable and interoperable.
NI Industrial IoT Lab is sponsored by industry heavyweights Analog Devices, Cisco, Hewlett-Packard Enterprise, and others.
The following video is an interview with NI’s Jamie Smith.