The big bucks are in Industrial IoT

The Internet of Things continues to evolve, attempting to overcome its poor reputation for cybersecurity and making the case for wider adoption, especially by enterprises.

Consumer IoT, largely represented in smart-home automation, remains a market being targeted by Amazon, Apple, Google, LG Electronics, Samsung Electronics, and other technology titans.

The big bucks are in Industrial IoT, though. That market has attracted AT&T, IBM, Microsoft, Oracle, Verizon Communications, and hundreds of startups.

Some of those startups, such as C3 IoT and Uptake Technologies, have achieved “unicorn” status and attracted significant investments. The Chicago-based Uptake is a shining example of the industry transition from platform-as-a-service business models to software-as-a-service.

Many of the savvier startups are adding artificial intelligence and machine learning to their technology portfolios, complementing their IoT focus.

 

see full article from Semiconductor engineering here…

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