IIoT ecosystem transformation has become an inevitable part of Industrial Revolution 4.0. In times of digital transformation, IIoT is one of the important pillars of emerging technologies that will impact companies' businesses. IIoT plays a significant role in various industries, offering huge benefits but also challenges that need to be considered. Dr. Shoukat Ali Rajput an independent Industry 4.0/5.0 Consultant and Ex-Operations Leader for Signify (formerly Philips Lighting) and Honeywell Saudi Arabia will draw on case studies from his 25+ years of diversified experience of managing multi-sites operations with full responsibilities of operations P&L.