OEMS have the power to create new revenue streams and extend new services to customers by using IoT to monitor their equipment. Insights can lead to better parts and products, and provide an advantage over competitive offerings. The Losant Enterprise IoT Platform has already helped a number of OEMs implement cloud machine monitoring solutions, and […]
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Changing your focus from the Industrial Internet of Things (IIoT) “technology” to the use, benefit, and thereby resulting competitive advantage can help your business grow more quickly while providing a stronger message and positioning. A comprehensive communications strategy built around this will allow your customers or end users to “see” the true value and benefit […]
Read more →![[Guide] Business Innovation and Expansion with Industrial IoT](https://iiot-world.com/wp-content/uploads/2020/11/Losant-LinkPreview-1024x536.jpg)
Many enterprises want to be first to meet new needs, but the path to create data-driven products and services using Industrial IoT for B2B customers is not always so clear. Enterprises can often create the concept, but identifying partners, building IIoT solutions and bringing those solutions to market presents a new set of challenges which […]
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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 […]
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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 […]
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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. ReplaceFor most industrial organizations, replacing assets with state of the art machinery is not an option. While this modern machinery will deliver better performance and […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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