IIoT has immense scope and potential in commerce and industry. It can be seamlessly integrated in existing processes to increase efficiency and output by multifold and can also be used to create and design newer and better processes.

IoE also has the ability to reduce bottlenecks and reduce errors in output. Industry 4.0, combines IIoT and smart manufacturing. It fuses physical operations with digital technology, big data, and machine learning to set new benchmarks in manufacturing and supply chain management.