2016 the Year of the “Industrial” IOT

The future where the intersection of people, data and intelligent machines have a far reaching impact on productivity, efficiency and operations of industries around the world will become evident in the new year. The proof is in the numbers. It is estimated that there will be 25B connected objects by 2020 and 90 percent of cars will be connected.

According to the World Economic Forum, “As the Industrial Internet gains broader adoption, businesses will shift from products to outcome-based services, where they compete on their ability to deliver measurable results to customers. Such outcomes may range from guaranteed machine uptimes on factory floors, to actual amounts of energy savings in commercial buildings, to guaranteed crop yields from a specific parcel of farmland. Delivering such outcomes will require new levels of collaboration across an ecosystem of business partners, bringing together players that combine their products and services to meet customer needs. Software platforms have emerged to better facilitate data capture, aggregation and exchange across the ecosystem.”

“We anticipate thousands of enterprises joining the path to IIOT next year, with many working with Element Blue and our new company, SensorInsight®, to make that happen. We expect this technology to continue to be a key component of companies’ Industrial Internet of Things strategies as they execute more broadly in transforming their operations,” said Steven Gerhardt, CEO of Element Blue.

Bring on 2016! We’re poised and excited for the future and the Industrial Internet of Things transformation.