Innovation is increasingly important in the modern business world. This article details the design thinking process and why it’s important.| Business Insights Blog
In short 27 themes comprise IT/OT convergence and making it a reality, according to IoT Analytics’ IT/OT Convergence Insights Report 2024. 12 themes involve IT coming to OT, another 12 involve IT and OT integration, and 3 involve OT hardware becoming IT-like. Why it matters For end manufacturers: Evidence shows that IT/OT convergence is happening. Manufacturers should evaluate each theme and consider which may be worth resource investment. For IT and OT hardware and software vendors: IT/OT ...| IoT Analytics
In short IoT initiatives appear more successful than ever, as 92% of enterprises report positive ROI from IoT use case implementations, according to IoT Analytics’ 418-page IoT Use Case Adoption Report 2024. The number of IoT use cases being adopted by enterprises grew 53% between 2021 and 2024. Complexities related to IoT use case adoption appear to be easing somewhat, which appears to be fueling the adoption growth and ROI. Enterprise IoT use case investments continue to grow in 2024, but...| IoT Analytics
Every quarter, IoT Analytics analyzes trends that emerge in earnings calls of US-listed companies and presents the findings/CEO insights.| IoT Analytics
Our data-driven IoT Research focuses on current market dynamics. Access all research reports, notes, and other materials with the IoT research subscription.| IoT Analytics
Sign up for free. The IoT Newsletter Subscription - bringing you new research findings and article on everything IoT, Industry 4.0 and more.| IoT Analytics
In short Many equipment manufacturers (OEMs) have significantly advanced their IoT strategies, introducing innovative software and services, and revamping their business models. This evolution has enabled some to expand their IoT deployments to millions of devices successfully. Connected products are now the norm - It is expected that by 2026 more than 50% of products sold by OEMs will be IoT connected. IoT Analytics’ 206-page IoT Commercialization & Business Model Adoption Report 2024 delv...| IoT Analytics
In short The global predictive maintenance market grew to $5.5 billion in 2022—a growth of 11% from 2021—with an estimated CAGR of 17% until 2028, according to the Predictive Maintenance and Asset Performance Market Report 2023–2028. With median unplanned downtime costs larger than $100,000 per hour, the importance of accurately predicting failures of large assets has never been higher. This article shares 5 key highlights of the predictive maintenance market: 1) The market is valued at...| IoT Analytics
Accelerate digital transformation with the end-to-end model from IBM. Generate innovative ideas get the technology and expertise to make them real.| www.ibm.com
In short Industrial IoT is on the way to becoming mainstream as projects are becoming more successful and common challenges are decreasing. Companies have a choice between the Build, Buy-and-integrate, and Buy approach to IIoT solutions. Every approach has distinct advantages and disadvantages. Why it matters For IoT adopters: The data provide considerations when deciding on the best approach for an IoT implementation project. For IoT vendors: The data provide considerations which approach to...| IoT Analytics
The Data Act is a comprehensive initiative to address the challenges and unleash the opportunities presented by data in the European Union, emphasising fair access and user rights, while ensuring the protection of personal data.| Shaping Europe’s digital future