Abstract:Driven by "Internet +", the industry will form "industrial Internet" based on intelligent technology system, Internet of things and services. This paper first studies the "Internet +" mechanism to promote the innovation of traditional industries, including the innovation mechanism of "Internet +" driven by the "intelligent industry yuan", and the "Internet +" driving technology innovation mechanism of the industry. Since then, we discussed the mechanism of "Internet +" to promote the transformation of business models, including the "Internet +" driven "industrial Internet" business model and the value creation mechanism under the new business mode. This paper argues that the new business model is not stable, and needs "platform regulation system" to manage the internal system construction and external market supervision of "industrial internet". Finally, the development policy suggestions are put forward for the initial stage, growth stage, maturity stage and innovation stage of "industrial internet".