Networking of corporate business units and departments (vertical integration) and between companies (horizontal integration) plays an essential role in the Industrial Internet of Things (IIoT).
It results in new value-added networks that offer enhanced cooperation, coordination, and transparency. Digitization is the basis of vertical and horizontal networking. It allows for an efficient exchange of data between internal and external agents, machines, and workpieces, thus enabling virtually all business processes to be outsourced. The result: shifting boundaries between companies and the creation of virtual companies.