Analytics vidhya, august 26, 2016

4. Industrial Internet
Industrial Internet is the new buzz in the industrial sector, also termed as Industrial Internet of Things ( IIoT ). It is empowering industrial engineering with sensors, software and big data analytics to create brilliant machines.
According to Jeff Immelt, CEO, GE Electric, IIoT is a “beautiful, desirable and investable” asset. The driving philosophy behind IIoT is that, smart machines are more accurate and consistent than humans in communicating through data. And, this data can help companies pick inefficiencies and problems sooner.
IIoT holds great potential for quality control and sustainability. Applications for tracking goods, real time information exchange about inventory among suppliers and retailers and automated delivery will increase the supply chain efficiency. According to GE the improvement industry productivity will generate $10 trillion to $15 trillion in GDP worldwide over next 15 years.
The video explains emergence of IIoT in industries very accurately.
Read more to know the latest on IIoT.
5. Smart Cities
Smart city is another powerful application of IoT generating curiosity among world’s population. Smart surveillance, automated transportation, smarter energy management systems, water distribution, urban security and environmental monitoring all are examples of internet of things applications for smart cities.
IoT will solve major problems faced by the people living in cities like pollution, traffic congestion and shortage of energy supplies etc. Products like cellular communication enabled Smart Belly trash will send alerts to municipal services when a bin needs to be emptied.
By installing sensors and using web applications, citizens can find free available parking slots across the city. Also, the sensors can detect meter tampering issues, general malfunctions and any installation issues in the electricity system.
To understand better the functioning of Smart Cities check out this video.
Read more to know more about Smart Cities.