IIoT’s new business models

Smart Industry:  Today, most companies see the value of the Industrial Internet of Things (IIoT) as additional information— data—that can help them do the things they already do, just better and more efficiently. And there lies a lot of low hanging fruit in 

But for some companies, a much greater value is coming in the form of whole new capabilities—new products, services and businesses that could not exist without IIoT technology. “This higher value of IIoT is hidden in a lot of people’s minds—they’re not able to see the potential,” said Joe Sinfield, senior partner, Innosight and tenured professor of civil engineering, Purdue University. Sinfield spoke at September’s Smart Industry 2016 conference in Chicago about how individuals and companies can learn to see and take advantage of these new opportunities.

“IIoT will transform virtually all industrial companies,” Sinfield said. How will the IIoT ecosystem evolve, and where is value shifting? How can industrial companies spot and capture related opportunity? What are the strategic roles available for industrials? What shifts in strategic planning are needed to unlock the value of IIoT?   Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Convey parts, materials, waste - with no moving parts!

Convey parts, materials, waste - with no moving parts!

EXAIR's compressed air operated Line Vac connects to standard hose or tube to create a powerful in-line conveyor. The compact design features large throat diameters for maximum throughput capability. Eleven sizes in aluminum and ten in stainless steel are suited to a wide variety of transfer applications. Line Vac conveyors are ideal for moving large volumes of material over long distances. A small amount of compressed air is injected through directed nozzles to produce a vacuum on one end and high output flows on the other, with instantaneous response. The material flow rate is easily controlled with a pressure regulator. An optional bracket permits easy mounting. No moving parts or electricity assures maintenance free operation. Line Vacs are available in a number of styles, materials, and sizes, including Line Vac, Threaded Line Vac, Heavy Duty Line Vac, Sanitary Flange Line Vac and Light Duty Line Vac. See the Line Vac in action at https://exair.co/watchlinevac?pub=184