Industrial IoT is evolving from basic monitoring to generating insights through AI and analytics. Four key use cases include remote equipment monitoring and servicing, optimizing shop floor performance, leveraging digital twins for design and operational insights, and improving energy management. These applications reduce costs, improve uptime, and support new business models like equipment-as-a-service. Organizations must choose between building custom solutions or buying integrated platforms like Siemens' MindSphere, which simplifies deployment, scales with innovation, and lets businesses focus on their core operations.

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