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And to realize that alone would generate around up to 30% over the total maintenance costs.
Cyber-physical systems (CPS) is the core technology of industrial big data and it will be an interface between human and the cyber world.
The Internet of Things (Io T) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect and exchange data, Io T involves extending internet connectivity beyond standard devices, such as desktops, laptops, smartphones and tablets, to any range of traditionally dumb or non-internet-enabled physical devices and everyday objects.
Between 19, several companies proposed solutions like Microsoft's at Work or Novell's NEST.
Smart industrial management systems can also be integrated with the Smart Grid, thereby enabling real-time energy optimization.
Measurements, automated controls, plant optimization, health and safety management, and other functions are provided by a large number of networked sensors.
The field gained momentum when Bill Joy envisioned Device to Device (D2D) communication as part of his "Six Webs" framework, presented at the World Economic Forum at Davos in 1999.
The implementation described there was developed by Kary Främling and his team at Helsinki University of Technology and more closely matches the modern one, i.e.
Significant numbers of energy-consuming devices (e.g. switches, power outlets, bulbs, televisions, etc.) already integrate internet connectivity, which can allow them to communicate with utilities to balance power generation and energy usage These devices allow for remote control by users, or central management via a cloud-based interface, and enable functions like scheduling (e.g., remotely powering on or off heating systems, controlling ovens, changing lighting conditions etc.).