Nowadays, video sensors are used on a large scale for various applications including security monitoring and smart transportation. However, the limited communication bandwidth and storage constraints make it challenging to process such heterogeneous nature of Big Data in real time. Multi-view video summarization (MVS) enables us to suppress redundant data in distributed video sensors settings. The existing MVS approaches process video data in offline manner by transmitting it to the local or cloud server for analysis, which requires extra streaming to conduct summarization, huge bandwidth, and are not applicable for integration with industrial internet of things (IIoT). This paper presents a light-weight CNN and IIoT based computationally intelligent (CI) MVS framework. Our method uses an IIoT network containing smart devices, Raspberry Pi (clients and master) with embedded cameras to capture multi-view video (MVV) data. Each client Raspberry Pi (RPi) detects target in frames via light-weight CNN model, analyzes these targets for traffic and crowd density, and searches for suspicious objects to generate alert in the IIoT network. The frames of each client RPi are encoded and transmitted with approximately 17.02% smaller size of each frame to master RPi for final MVS. Empirical analysis shows that our proposed framework can be used in industrial environments for various applications such as security and smart transportation and can be proved beneficial for saving resources.