Industrial Internet of Things (IIoT) benefits, examples

Cover story: Industrial Internet of Things (IIoT) technologies, applied for monitoring valves in a refinery, used wireless acoustic transmitters to improve regulatory compliance and reduce hydrocarbon losses by $3 million annually due to timely detection and repair of faulty valves. The project paid for itself in five months, with an estimated annualized return on investment (ROI) of 271% annualized over 20 years. See four IIoT benefits.