A Measurement Information Infrastructure's Benefits for Industrial Metrology and IoT

Previous work has economically motivated and proposed a measurement information infrastructure (MII) as one means of digitally transforming the measurement information economy within the international quality infrastructure's context. This paper summarizes ongoing work toward, and requirements for, an MII and proposes rules for a standard taxonomy of measurands. It offers a further economic argument regarding the effects of intrinsic standard technology advances and considers an MII's potential impacts on cost-effective industrial metrology and risks for IoT measuring instruments adoption. The paper argues that quickly adopting an MII and digital metrology in general should lead to large cost savings in national quality infrastructures, which in turn will improve the cost-risk balance for reliance on IoT sensors in particular.