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How Do Industrial IoT Platforms Drive Transformation?
The dirty little secret about digital transformation initiatives is that many of them fail, as Harvard Business Review has reported. On the other hand, there are a growing number of examples of digitally-minded firms, from Airbnb to Amazon to Netflix and Uber, that have launched platforms that have redefined entire markets. It’s no wonder the market is awash in hundreds of Industrial IoT platforms that promise to help manufacturers, utility companies, facilities managers and similar organizations reinvent their business. Amidst that backdrop is the concept of Industry 4.0, and its promise to tap technologies such as IoT, digital twins and machine learning to fuel the next industrial revolution.
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