Internet of Things Industrial Applications – Retrofitting IoT in Industrial Sites
Retrofitting industrial equipment with sensors is a cost-efficient way of gaining the benefits of IIoT, like data collection and real-time monitoring, without fully replacing functioning equipment.
Industrial enterprises know they can see significant benefits from the Industrial Internet of Things (IIoT). But they also often have significant investment in existing assets, such as manufacturing machinery. While some may dream of ripping out all of their old equipment and replacing it with completely new IoT-capable machinery, it simply doesn’t make economic sense to dispose of well-functioning capital equipment before the end of its useful life.