According to Ian Barker from Beta News in the article "The rise of the IoT and artificial intelligence in industry [Q&A]":
> While the consumer IoT has captured the imagination with smart appliances and devices, the industrial Internet of Things (IIoT) is a rapidly growing market. According to Accenture, the IIoT market could add $14.2 trillion to the global economy by 2030.
In fact there are industries like industrial manufacturing, oil & gas, and more that will significantly benefit from the operational efficiencies gained by IIoT. Barker goes on to say that:
> Artificial intelligence and machine learning are quickly becoming one of the biggest priorities for companies that want to make the most of their operational data to increase outputs using less energy and costs.
Industry leader Plutoshift is trying to help companies connect operational data stuck in siloed systems across the enterprise. Their CEO Prateek Joshi takes the stance that:
> More consumers today are making purchase decisions based on the effect the product has on their daily lives and how it fits into the larger ecosystem, which has far-reaching benefits and implications across all industries and for the consumers those industries serve. Beverage producers, food processors, chemical companies, and manufacturing facilities can all leverage AI to better monitor and optimize a broad range of operational data and procedures. When these industries harness the power of the IIoT, the benefits have the potential to reach not only companies, but consumers and all of society, as well.
While these are exciting times indeed and there is serious, revolutionary progress happening, there should also be serious concerns around the security of these IIoT systems and the ability for hackers or nefarious actors to control manufacturing facilities or pipelines, etc. Perhaps a good use of Blockchain?
Reality Changing Observations:
Q1: How do you see IoT impacting society, as you know it?
Q2: What should the government or industry do to ensure the security of corporate industrial processes?
Q3: Do you believe there is a need to securitize IIoT via Blockchain?