Abstract

The adaptive worldwide network architecture made up of web-enabled, objects connected through internet generally defines the concept of Internet of Things (IoT). In today’s world, IoT is contributing towards the transformation of the traditional industries to the smart industries by integrating the concept of IoT based energy management system into the analytics-based information system of the industries. Manufacturing businesses have concluded that by providing a digital identity to their tangible resources through IoT-based solutions, they can gain higher clarity into their processes and massively improve them. To estimate and analyze the developments in this field, this paper conducts an in-depth survey on the significance of big data analytics and energy management in shaping the progress of the Industrial Internet of Things (IIoT). It briefs the components related to the building blocks of the IoT, its application in various domains, benefits and the major challenges faced for building IoT technologies. This review present cutting-edge research on how IoT technology adoption might propel the transformation of industrial companies that are energy-efficient and environmentally sustainable.

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