For some people the world of internet of things has two names: The others think it is Internet of Things, some prefer Industrial Internet. There is also other names such as Ubiquitous Computing or Internet of Everything.
However, the direct translation of Industrial Internet in Finnish language means the internet used in mills and plants or products produced in them. And this is very narrow and limiting definition.
So Internet of Things sounds much better.
Then there is also the word Digitization. For some it is synonym of Internet of Things, for others it is larger concept including the computerization of everything, so meaning wider extent than Internet of Things.
However, it seems that Internet of Things or IoT is the winning name, which will be used the widest possible meaning. The reasoning is that almost all the players has started to use it as general name, still possibly using their old word for marketing purposes.
However, the direct translation of Industrial Internet in Finnish language means the internet used in mills and plants or products produced in them. And this is very narrow and limiting definition.
So Internet of Things sounds much better.
Then there is also the word Digitization. For some it is synonym of Internet of Things, for others it is larger concept including the computerization of everything, so meaning wider extent than Internet of Things.
However, it seems that Internet of Things or IoT is the winning name, which will be used the widest possible meaning. The reasoning is that almost all the players has started to use it as general name, still possibly using their old word for marketing purposes.