The IIoT (industrial IoT) is often referred to in conjunction with manufacturing and automated factories—so how might this impact the construction industry in the months ahead? With a rise in pre-fab manufacturing and the move toward off-site production methods, the construction industry stands to benefit from the rise in the IIoT, as much as any other vertical market.
Here’s an inside look at what is happening in this area: The IIoT is being driven by low-cost, low-power wireless components, battery-powered wireless sensors with multi-mile network coverage, mature wireless mesh network protocols and ubiquitous cloud-based platforms, says IoT research firm ON World.
The firm recently released the latest adoption numbers for the space, suggesting there will be 650 million industrial wireless sensor network devices for industrial automation, agriculture, logistics, construction, and related industrial markets by 2027. The ON World report further suggests three-quarters of its survey’s respondents believe wireless sensor networking and IoT platforms are important strategic investment areas.
As more industries ramp up IoT deployments, the amount of data available for the taking will exponentially grow. With the rise of cellular connectivity and, therefore, cellular data in the enterprise space, TMR (Transparency Market Research) says the mobile edge computing market will simultaneously reach new heights, potentially surpassing $4.2 billion by 2025. The firm says the global mobile edge computing market was valued at $73.8 million in 2016, which means if the market does hit this $4.2 billion target by 2025, it will have grown at an incredible CAGR of 51% during the decade-long forecast period.
Mobile edge computing is becoming increasingly important in industries such as construction, and many others. In general, the influx of data thanks to IIoT adoption and deployment is a good thing; it means enterprises are better positioned to make data-informed decisions. The key to reaping maximum value from IoT deployments, however, is analyzing data and using it to improve business operations. Only then will machine data from industrial sensors and other devices or machines enhance decisions and provide the value construction has come to expect from the IoT.
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