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 Cybersecurity, process automation, and IT software were the top 3 enterprise technology priorities in 2024 and are expected to maintain these spots in 2025. AI is expected to rise to 4th place in 2025, and IoT is likely to remain the 5th-ranked priority. Every year, IoT Analytics surveys senior IT decision-makers about their companies’ top technology priorities, giving insight into how many organizations prioritize technology investments. Why it matters For technology vendors: Unde...| IoT Analytics
In short According to the latest 148-page State of IoT – Spring 2024 report, IoT remains a top-three corporate technology priority. While AI has surpassed IoT in corporate prioritization, combining IoT and AI is on the rise and seen as a tailwind for the $236-billion IoT market rather than a disrupter. IoT Analytics identified 40+ current IoT market trends in this research, 10 of which are shared below. Why it matters It is important for vendors and end users alike to understand how to capi...| IoT Analytics
In short According to the latest 147-page Equipment as a Service Market Report 2024–2028, the total equipment-as-a-service (EaaS) market reached $21.2 billion. Despite initial optimism, EaaS adoption has been slower than anticipated in the past 4 years, with less than 1% of equipment sales in 2023 being executed under EaaS contracts. While widespread adoption has not yet occurred, there are pockets of success (e.g., in the lighting and robotics industry), with research showing continued OEM...| IoT Analytics