An application marketplace is a digital distribution platform for applications, mostly used in the mobile context. All of us are familiar with Apple’s App Store and Google’s Play Store marketplaces. They show how flourishing the marketplace business is by providing a platform for developers to distribute applications to a wide audience. This potential has awakened […]
Read more →
Many companies are ready to move forward with Industrial IoT (IIoT) business initiatives. However, they often encounter funding obstacles. Here are five IIoT financing options to consider. 1. Grants Government bodies and private companies frequently offer grants to push IIoT progress forward and help businesses see how they can avail of the technology within their […]
Read more →
To keep up in the ultra-competitive industrial landscape, organizations must decide: replace assets altogether, or modernize them to limit the impact of aging. Industrial IoT is one solution to modernize your assets. Replace For most industrial organizations, replacing assets with state of the art machinery is not an option. While this modern machinery will deliver better […]
Read more →
While the value of IIoT is clear, it is still not widely adopted. The World Economic Forum reported in 2017 that 85% of potential IIoT assets remain unconnected. This number of disconnected assets can be attributed to security and interoperability concerns. By finding the proper IIoT platform, you can overcome these challenges. Your initial steps […]
Read more →
The exponential growth of IIoT is on track with recent predictions. And as we head toward a world with over 75 billion connected devices by 2025, almost a third will be utilized in industrial applications within manufacturing. But as the opportunities within this market- particularly in cloud-based, third-party service providers – continue to expand, one […]
Read more →
If you’re familiar with the manufacturing world, chances are Programmable Logical Controllers (PLCs) are nothing new to you. Having their roots in the automotive industry, PLCs are omnipresent across all modern industries today and akin to the brains of factory automation systems. While coming in many shapes and forms, industrial PLCs are used for a […]
Read more →![[Report] Frost & Sullivan Best Practices Award: 2020 Global IIoT Platform for Power Generation Product Leadership](https://iiot-world.com/wp-content/uploads/2020/05/shutterstock_411174613-e1588868165703.jpg)
The fourth industrial revolution, also known as Industry 4.0, delivered the Industrial IoT (IIoT), which leverages the internet and computing infrastructure to connect machines, processes, and people. According to Frost & Sullivan’s estimates, as of 2019, the potential revenue opportunity for Industrial IoT in power generation was $1.97 billion. The revenue opportunity will accelerate in […]
Read more →
It’s estimated that IoT applications in operations optimisation have the potential to create value of $1.2 to $3.7 trillion per year in the factory setting in 2025. Manufacturers and equipment builders are in a position to jointly create this value, thanks to new IoT technology advancements. Equipment builders now have a clear product-oriented value offering, in the […]
Read more →
In 1958 Leonard E. Read wrote an essay that was to become one of the most famous – and eloquent – treatments of free market economics. Written somewhat jovially from the first-person perspective of an inanimate carbon(-filled) rod, that essay was I, Pencil. If you haven’t read it then I would urge you to or […]
Read more →
The industrial internet of things (IIoT) has completely changed the competitive landscape for manufacturers. It is ushering in entirely new ways of thinking about every business process from product design, engineering and manufacturing to maintenance and asset management—not to mention new business models. It drives greater levels of efficiency that were never thought possible before. Before the advent of […]
Read more →
To fully understand what Industrial IoT can do for operational efficiency, one must take a holistic view of its benefits. As previously discussed, Industrial IoT involves the connectivity of all aspects of a factory’s assets. This includes production equipment, inventory, supply chain, maintenance, quality and business operations. In past revolutions, specific linear progress was made […]
Read more →
The last two and a half centuries have brought about stunning changes in industrial productivity. With each passing generation, new and more advanced equipment and methodologies have arrived on scene to push production capabilities to new heights. And as each new methodology or technological advancement has matured, the quest for greater operational efficiency has honed […]
Read more →Virtual Conference with Regeneron & HighByte | Nov 5 • 10 AM ET