In episode 25 of the Acceleration Economy Minute, Kieron Allen discusses how IoT will enable a promising future for the manufacturing industry in near future.
00:24 — In August, Google Cloud announced it would shut down its Internet of Things (IoT) core service. Kieron predicts that in 2023, the Industrial Internet of Things (IIoT) will be bigger, and more important in the manufacturing industry than ever before.
00:50 — IoT entails “remote analysis enabling remote analysis,” allowing users to remotely monitor the performance of equipment and determine production cycles.
01:25 — Moving forward, Kieron believes that IoT, combined with the immersive internet and metaverse innovations, will “push things forward” moving in 2023.
01:51 — Developing artificial intelligence (AI) strategies as well as incorporating immersive technologies and the immersive internet into the strategies will be a real game changer for the manufacturing industry.
02:19 — This is the beginning of a new wave of IoT for the manufacturing industry, particularly when combined with augmented reality (AR) and virtual reality (VR).
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