16 Mar '17, 3pm

China's Gamble on Industrial IoT | EE Times

SHENZHEN -- China is betting big on the Industrial Internet of Things (IIoT). The Chinese government projects the country’s Industrial Internet of Things to grow to 450 billion RMB (about $65 billion) by 2020 – occupying roughly one quarter of China’s whole IoT market. The IIoT segment in China has maintained a growth rate of more than 25 percent. (Source: China's Ministry of Industry and Information Technology) Click here for larger image At present, Chinese enterprises whose status can be described as Industrial 3.0 know they need a lot of improvements, especially in cost control, production efficiency and process management. Nevertherless, the Chinese government is pushing hard the development of IIoT in China. In the context of encouraging energy conservation and green environmental protection, China has fostered a process of manufacturing upgrades in recent years. Bas...

Full article: http://www.eetimes.com/document.asp?doc_id=1331490

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China bets big on Industrial IoT

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