3. Significance Of Data Acquisition

One of the biggest advantages of the IIoT is that data is easily shared and analyzed for better decision making, according to NI.

For example, in a vendor-defined condition monitoring solution, the acquired and analyzed data is not easily available to customers, and the system is limited to sending alarms only in a crisis mode.

"In the IoT space, data acquisition is a huge trend as companies collect and organize data," said Smith. "Data acquired by connecting sensors can measure anything from vibrations to temperature, and then can be processed in real time and moved up the network to the cloud or enterprise. The big analog data is unbounded."

Partner Takeaway: Customer interest in data acquisition and analytics tools will become even stronger in the market as the Industrial Internet of Things continues to evolve.