Categories: News

Here's the real money-maker for the Internet of Things

Michelin is embedding sensors into its tires for trucking measurements.

Some people call this realm IIoT, the Industrial Internet of Things. In business, it’s not about not getting up off the couch to flip a light switch. It’s about efficiency, data, interconnectedness of systems—and big, big money. According to Accenture, corporations will be spending $500 billion a year on these technologies by 2020.

Usually, new technologies seep into the corporate world through the back door, when employees bring their personal technologies and devices into the workplace (see: smartphones, social media). But in the case of the Internet of Things, it looks like industry will lead the way.

You may not be completely sure why anyone needs to build sensors into, write an app for, and generate data from a waffle iron.

But in the commercial world, when the “things” in question are big, expensive, dangerous, and mission-critical pieces of equipment, the “why” of sensors, data, and apps is screamingly clear.

 

ytech

Recent Posts

The Power of Documentation: How Recording Pain Strengthens Your Case

When you’re dealing with a workplace injury, the physical pain is only part of the…

1 week ago

“DeFi Is the New Global Economy”: An In-Depth Interview with Super CEO, Alexey Salashny

In the world of decentralized finance, there are many loud names — but very few…

3 weeks ago

Best Tips to Remove Dirt and Stains from Ceramic Coated Cars

Key Takeaways Ceramic coatings offer superior protection but require proper maintenance to keep them effective.…

3 months ago

Thriving in the Electrical Industry: Innovations and Best Practices for Modern Contractors

Table of Contents: Introduction to Modern Electrical Contracting Innovations Transforming the Industry Best Practices for…

3 months ago

Why Document Shredding is Essential for Businesses

Key Takeaways Understand the importance of document shredding for data protection. Explore cost-effective and compliant…

7 months ago

Innovative Strategies for Basement Waterproofing Success

Key Takeaways Basement waterproofing involves multiple strategies for long-term success. Proper drainage and sealing are…

7 months ago