Buzz words such as the industrial Internet of Things (IIoT), Industry 4.0 and Digital Twin have started to weave their way into executive key notes and sales peoples’ pitches. It is easy for product offerings to get lost in the cloud of buzzwords and become disconnected from the basic operating principles of the customers in […]
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In the Industrial IoT world, we often hear comments like “Let’s make our existing machine or tool connected, and later we will find the way to create value or monetise it!” or “We need more and more data so we can solve business problems.” Is this approach enough? Is it a good idea to start […]
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The next industrial revolution is here. Whether you call it Industry 4.0 or Industrial IoT or Digital Transformation, the increased access to machine and operational data, proliferation of two-way communication, speed of data flow, combined with the lower cost of computing, connectivity and storage has created the perfect environment to transform industrial operations. The time […]
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With a compound annual growth rate of around 28% for the next seven years, every year will be a big one for Industrial IoT. Inevitably as more companies adopt IIoT, the technology will evolve and mature. Evolution is built into the idea if Industrial IoT. Devices themselves are expected to be able to add functionality […]
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The Internet of Things (IoT) enables vendors to create an entirely new line of “smart” solutions for its existing and new markets. While the decision to go “smart” is straightforward, the decision of how to do so is not. Vendors are faced with a “build, buy, partner” decision – build it themselves, buy or license […]
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One can find many ROI opportunities when looking at IoT to solve problems and bring value in an industrial context. Process improvement, asset tracking, and preventative maintenance are the three major pillars that drive ROI opportunities. The constant churning wheel of New Industrial IoT Platforms from vendors new and old can be staggering for those […]
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As a Product Manager, we can’t keep chasing the next big thing all the time. It’s true we need to understand where technology is going, but we need to be more pragmatic and realize there is no single “killer app” for anything. Particularly for IIoT. Is predictive maintenance the killer app for IIoT? Predictive maintenance […]
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A lot of big companies are creating “Innovation Labs” to generate IIoT platforms. We talk to them every day. Yet we see precious few successful IIoT systems ever delivered by these centralized teams. It’s not a problem of smarts or hard work. These are strong, motivated developers. But the Internet of Things is different, even […]
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Analyst firm IDC predicts that by 2019, 45 percent of IoT-created data will be stored, processed, analyzed and acted upon close to, or at the edge of, the network. The challenge is that many companies want to take advantage of the value IoT offers to improve and scale their business, but they do not know […]
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The Internet of Things (IoT) enables disruptive transformation across multiple market segments, from consumer, enterprise, agriculture, healthcare, manufacturing, utilities to government and cities. Industrial IoT (IIoT), a subset of the larger IoT, focuses on the specialized requirements of industrial applications, such as manufacturing, oil and gas, and utilities. Although IoT and IIoT share common technologies […]
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The use of industrial automated machinery and control systems continues to grow as factories and plants implement sensors and actuators to monitor environments and the machines in these spaces. The adoption of technology in these environments has been coined the Industrial Internet of Things (IIoT). And, as hardware and software solutions continue to drop in price ($30-$300), industries […]
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Over the past two decades, the global market for printed circuit boards has been shaped by the growth of and technological change in the electronics industry in general and, in particular, by end devices such as computers — from servers to desktops and notebooks — in addition to smartphones and tablets. According to estimates in […]
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