industrial internet of things

SME often encounter risks and obstacles when implementing IIoT solutions, but these challenges can be mitigated with the use of an IIoT platform. To select the appropriate platform, a decision- making approach has been developed. By choosing the right use cases, companies can directly benefit from IIoT implementation and gain a competitive edge in the market. Our research indicates that at least three applications have a favorable balance between benefits and effort. Once successfully implemented, these applications can be expanded and scaled as the company becomes more digitally proficient.

Industry 4.0 describes the digitization and interconnection of industrial value creation. So far, economic and technological potentials have been considered in particular, while ecological opportunities through industry 4.0 receive less attention. This article examines the ecological potentials of Industry 4.0 in terms of resources, energy consumption, logistics and transport, waste and emissions, from which propositions are derived. The study attempts to better understand of the ecological potentials of Industry 4.0 in order to contribute to more sustainable industrial value creation.

Digitization of industrial production processes allows the introduction of datadriven business models using Cyber Physical Systems (CPS) and Industrial Internet of Things (IIoT). To ensure efficient manufacturing, production systems must be able to communicate and interact with their environment, to monitor wear conditions, and to selfadapt their behavior to a given situation. This article gives an overview about the historical development of intelligent production systems with focus on condition monitoring and predictive maintenance in an availability oriented business model.

The Industrial Internet of Things (IIoT) radically changes value creation in the manufacturing industry. Dynamic environmental factors, technical complexity, and limited resources cause many companies to be left behind. As a principle borrowed from strategic planning, business ecosystems can provide new ways of interorganizational collaboration and thus dynamize efforts to internalize specific IIoT knowledge. Especially in an early phase of trend scouting and idea generation, ecosystems can be seen as a highly effective venturing concept.