I tried to have a look at the actual report. The publicly available information is so vague as to be totally meaningless. Actual details are only available to members.
The one example they did make at least vague reference to sounded like an oil tank farm. This is such a niche and atypical industrial application that it provides no guide to whether their concept has wider application in industry.
There are existing wireless industrial applications, but they tend to be either things like remote access to installations that are scattered over a wide area (e.g. tank farms, water or petroleum well sites, etc.), or mobile applications (lift trucks in places such as warehouses, mine vehicles, etc.).
Moving from what are often bespoke and proprietary wireless systems to some new industry standard may have some advantages, but it's far from a game changer in industry overall.