Business Strategy and Innovation Framework | Page 47

Business Strategy and Innovation Framework
Annex C GLOSSARY
Industrial Internet Consortium ( IIC ) an open membership , international not-for-profit consortium that is setting the architectural framework and direction for the Industrial Internet . Founded by AT & T , Cisco , GE , IBM and Intel in March 2014 , the consortium ’ s mission is to coordinate vast ecosystem initiatives to connect and integrate objects with people , processes and data using common architectures , interoperability and open standards .
Industrial Internet of Things ( IIoT ) describes systems that connect and integrate industrial control systems with enterprise systems , business processes and analytics . Note 1 : Industrial control systems contain sensors and actuators . Note 2 : Typically , these are large and complicated systems .
Industrial Internet of Things ( IIoT ) Application describes an instance of an IIoT system deployed for a specific identified purpose
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