Industrial Internet Application Development

Impact of the IoT

The IoT has already started to change the way large companies operate. A large majority of these companies are currently using the IoT to track their customers, products, and supply chains. Investment in the IoT is therefore going up significantly year after year for such businesses. Some trends in this spending can be forecast based on returns. For example, predicting the operating efficiency or preventing a major outage of a high-priced service offering will result in higher returns, so it's natural that corporations providing such high-priced offerings will invest more in this area. This is evident from the fact that industrial manufacturers that have very high priced large asset product and service offerings are the ...