The current status and prospects of the Industrial Internet of Things (IIOT)

The Industrial Internet of Things (IIOT) is the product of the deep integration of the industrial system and the Internet system under the wave of industrial digital transformation. It is the key infrastructure and important support for the new round of industrial revolution.

In recent years, the development of the industrial Internet is in full swing. Currently, 5G, Internet of Things, edge computing, artificial intelligence, blockchain, and other technologies are accelerating their integration into the fertile soil of the industrial Internet. Various service providers and integrators are springing up like mushrooms after a rain, competing for the market. Industry companies are also jointly participating in the construction of the entire industrial Internet ecosystem through competition and collaboration, and jointly promoting the arrival of "Made in China 2025" or "Industry 4.0".

What stage of development has my country's industrial Internet entered? How to achieve the integration of industrial Internet and artificial intelligence? How do industrial Internet and "intelligence +" add value to enterprises?

There is a need for further discussion.

The current situation and prospects of industrial Internet and "Intelligence +"

The construction of the industrial Internet is a "protracted war". On the premise of ensuring data security, the industry needs to drive innovation and continuously expand "intelligence +" to empower industrial transformation and upgrading.

Driven by both technology and the market, the integrated development of industrial Internet and artificial intelligence has become a basic trend, which provides a realistic path for the in-depth promotion of "Intelligence +". In recent years, my country has attached great importance to the development of industrial Internet and "Intelligence +". The Ministry of Industry and Information Technology and other industry authorities have carried out a lot of work and made positive progress in supporting capabilities, application exploration, and ecological construction. my country's industrial Internet and intelligence + have entered the implementation stage, and the future prospects are relatively broad.

According to the statistics of Qianzhan Industry Research Institute, from 2014 to 2018, the market size of China's industrial Internet industry has been growing year by year, with the growth rate remaining above 12% and increasing year by year. As of 2017, the market size of China's industrial Internet industry has grown to 467.241 billion yuan, a year-on-year increase of 13.39%. The industrial Internet is developing faster and faster. In 2018, the market size of China's industrial Internet industry was about 531.304 billion yuan, a year-on-year increase of 13.71%.

Statistics on the market size and growth of China's industrial Internet industry from 2014 to 2018

Data source: compiled by Qianzhan Industry Research Institute

According to the data from the Industrial Internet Alliance, there are currently about 1,012 companies in my country that are involved in the industrial Internet industry. Based on business types, they can be divided into product and technology providers, planning, design and consulting service companies, system integrators, industry users, associations and other departments. From the perspective of the industrial market structure, my country's industrial Internet companies are mainly biased towards the edge layer, with product and technology companies accounting for 51.57%, more than half, but the number of companies that actually apply the industrial Internet platform is relatively small, accounting for less than 10%.

Statistics on the market structure of Chinese industrial Internet companies in 2018

Data source: compiled by Qianzhan Industry Research Institute

Industry pain points and breakthrough paths for the Industrial Internet

Industry Pain Points

• Basic support is weak and common technology development lags behind

• Lack of talent restricts development, and financial support needs to be improved

• The industry is still in its infancy and safety issues need to be resolved

• Enterprise development faces unevenness, and it is difficult for small and medium-sized enterprises to replicate

How to promote industrial Internet and "intelligence+"?

Strengthen technological breakthroughs, promote innovative development, increase R&D investment in common technologies such as intelligent perception and platform construction, and cutting-edge technologies such as 5G, artificial intelligence, and blockchain, and accelerate the construction of a multi-field and multi-level technological innovation system.

Integrate resources from all parties, form a development synergy, fully mobilize the enthusiasm of local governments, enterprises, research institutes, universities, etc. to participate in the construction of the industrial Internet and promote "intelligence +", and accelerate the creation of an integrated industrial ecological chain.

Optimize the development environment, enhance industrial vitality, adhere to the non-entry-all and inclusive and prudent measures, and strengthen the maintenance of fair order.

Deepen international exchanges, promote open development, expand multi-level cooperation among various types of corporate industrial organizations, guide and support qualified enterprises to lead upstream and downstream enterprises to jointly "go global", and work with enterprises from all countries to build a global industrial Internet and "smart +" industrial ecology that is inclusive, co-existing and prosperous.