This blog post originally appeared on TechTarget's IoT Agenda blog. Companies across industries are sizing up opportunities in the internet of things and how they might seize them. Some see a chance to create premium products that could boost their profit margins; others hope IoT will help them boost productivity. Whatever the goal, there’s a huge and growing opportunity for IoT vendors, to help their corporate customers achieve their goals. In fact, we expect that by 2020, the vendors producing and selling the hardware, software and other solutions that power IoT will pull in upwards of $450 billion in combined sales. Who will be the leaders in this nearly half a trillion-dollar market? While disruptive start-ups snag a lot of headlines, the incumbents — analytics [...]
Enthusiasm for the Internet of Things continues to grow—already, leading vendors have made $75 billion in M&A investments. While many customers are excited by the opportunities the IoT presents, they still struggle with early solutions from vendors. Ann Bosche, a partner with Bain's Technology practice, discusses the most common mistakes made by vendors and the critical opportunities that will position them to win.
This blog post originally appeared on TechTarget's IoT Agenda blog. The Internet of Things—and its $450 billion revenue opportunity—is stoking a frenzy among vendors looking to stake their claims. And corporate customers are just as excited about IoT’s potential to help them boost revenues and reduce costs. About half of the companies we spoke to in a recent survey expect IoT solutions to make their businesses run more reliably and help them create premium-priced products that will rev up sales. Customers also expect IoT technology to streamline production, increase output and reduce waste. IoT ambitions vary from industry to industry. Auto executives, for example, hope IoT can deliver better dashboard “infotainment,” introduce features that prevent collisions and support the move to autonomous driving. Healthcare providers [...]
This post originally appeared on TechTarget's IoT Agenda blog. Robots eliminate a lot of human error, but as with all technologies, they’re not perfect. Just ask General Motors, which uses thousands of robots to make cars. There was a time when the automaker learned of a downed robot only after the problem had halted an assembly line and created costly production delays. GM recently found a solution in a tool called the Zero Down Time Application, which was developed using FANUC’s industrial robotic systems, Rockwell Automation solutions and Cisco’s IoT and cloud software and infrastructure. The software platform collects production data from GM’s robots and then analyzes it to anticipate repairs, order parts and prevent problems from turning into major disruptions. GM has deployed the [...]