The numbers show that utilizing IoT and Industry 4.0 put businesses ahead of the competition. A recent study found companies that digitally transformed had 16% higher net margins than the industry standard. Forbes said, "IIoT technologies are becoming increasingly interdependent and involved in core business functions — and essential in supplying new value opportunities." It's time to consider implementing these technologies if you have not done so.
It started with "every company is a technology company," moved to "every business is a digital business" and now I think we’re at "every industry is an internet of things (IoT) industry." The technology that powers an organization has become just as essential to success as the product or service a venture provides. Every sector -- from finance to agriculture to transportation to healthcare to government to media -- is subject to this truth. Business technology must now interconnect people with the proliferating devices, data and systems that populate our digitalized world via the internet. The type of infrastructure that enables a business to address this evolution is dubbed the industrial internet of things (IIoT), but it really isn’t a separate concern. It’s all part of the same movement pushing modern commerce into its future state. Read More