Rise of the machines: The industrial Internet of Things is taking shape

by Stefan Groschupf, Datameer - Venture Beats, Jun. 17, 2015 – 

The next wave of innovation about to wash over the connected world is the industrial Internet of Things (IoT). Beyond smart watches and FitBits, forward-thinking businesses are applying the concept of IoT to complex, psychical machinery, like jet engines and locomotives, to unleash unexpected growth opportunities and fuel innovation. Combined with data analytics, companies can leverage the industrial IoT to impact the economy, the job market and the future; and it has the potential to add $15 trillion to the global economy in 2030, according to Accenture.

While we’re seeing companies lean into the industrial IoT, platforms are still in the early stages of maturity. Executives will have to carefully choose and manage their platforms, explore the technical challenges, identify gaps in information sharing and interoperability, and work with their company’s closest partners to bridge them.

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