Recently, the Chinese Ministry of Industry and Information Technology (MIIT) has unveiled its Industrial Internet 2021 Work Plan, explaining China’s 5G networks and the Industrial Internet of Things (IIoT). The document has highlighted the edge computing, IIoT operating systems, time-sensitive networking and identification analysis.
IIoT has several benefits and it resolves all issues of industry’s people. It helps smart sensors and actuators to enhance manufacturing and industrial processes. Also known as the industrial internet or Industry 4.0, IIoT uses the power of smart machines and real-time analytics to take advantage of the data that “dumb machines” have produced in industrial settings for years. The driving philosophy behind IIoT is that smart machines are not only better than humans at capturing and analyzing data in real time, but they’re also better at communicating important information that can be used to drive business decisions faster and more accurately.
According to a report by GlobalData, China is a world leader in 5G, both in terms of equipment and roll out and is quickly expanding its 5G IoT network. Its 14th five-year plan is a blueprint for both survival and extending China’s power and autonomy as the US and China decouple, global economic growth and trade slow down, protectionism rises and supply chains unravel.