Sensors are decreasing in cost and increasing in variety. Even your cell phone has 12 sensors, including a barometer, accelerometer, thermometer and proximity detector.

With lower cost, industrial “Things” will continue to be increasingly instrumented. For example, modern wind turbines have more than 200 sensors. Sensor data available every second, and in some cases many, many times per second, can be connected to public and private cloud services and collected.

Advanced analytic and machine-learning technologies then can be applied. With the knowledge gained, companies that build wind turbines, or those that create farm equipment or blood analyzers, for example, can not only improve the machines’ availability, performance, and security, they also can reduce the cost of delivering the machines.

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