The root of the Internet of Things is simply to know what is going on with everything. How would you like to know as much about your operation as possible? Imagine your 300 Electric Motors on a Printing Press Monitored by Conscious Smart Devices. You would have a much better idea when Motor 2 on Tower 8 would fail instead of having that motor seize to a halt at 2:37 AM while printing your customers morning paper.
By being aware of the condition beforehand you would have Scheduled Maintenance when it was convenient for you, your company, and, most importantly, your customer. This idea applies for everyone. A camshaft grinder in Automotive, a packaging machine, a bottling line… (add yours here). The possibilities are endless.