M2M and SCADA are relatively narrow, tactical applications compared to the potential of the Industrial IoT. It’s all about the potential to extract valuable insights from data in ways never before possible.
The trouble with industry sensors until fairly recently is they didn't provide much information beyond whether something was working or it wasn't. The Industrial Internet of Things is about to change with an explosion of smart sensors.
Preventable hospital error kills over 50,000 people every year in the US alone. These fatalities can be dramatically reduced with a little ingenuity and application of technology made available by the Industrial Internet of Things (IIoT).
The value of a universal shared language—a lingua franca—would seem obvious. Though there have been plenty of failed attempts to create a lingua franca throughout history, the Industrial Internet must have one if it is to succeed.