News, News Coverage

Core Technologies Powering the IIoT Machine

By Vendavo
November 28, 2018

Globally, the Industrial Internet of Things (IIoT) is building a robust bridge between Information Technology (IT) and Operational Technology (OT). The confluence of IT and OT opens a multitude of avenues for capital-intensive industrial sectors. Especially, industries related to Manufacturing, Healthcare, Oil & Gas, Utilities & Aviation will reap benefits, thanks to IIoT capabilities.

In a report, the General Electric Company, that coined the term IIoT, quoted the following statistics:

  • The IIoT can benefit 46% of the globe’s economy
  • The potential of IIoT to impact energy production remains at 100%
  • As for energy consumption, the global impact is pitched at 44%
  • 2020 will see IIoT becoming a $225-billion market

So, how are enterprises defining IIoT?

What is IIoT?

Mitch Lee, Profit Evangelist, Vendavo, spoke to us exclusively for insights on IIoT.

Read the full story in AiThority

  • AI , IIoT , IoT

    Vendavo

    Vendavo powers the shift to digital business for the world’s most demanding B2B companies, unlocking value, growing margin and accelerating revenue. With the Vendavo Commercial Excellence platform, companies develop dynamic customer insights and optimal pricing strategies that maximize margin, boost sales effectiveness and improve customer experience. With an annual margin improvement totaling more than $2.5 billion across companies in chemicals, distribution, high-tech and manufacturing, Vendavo delivers cutting-edge analytics and deep industry expertise that help companies stay one step ahead. Vendavo is headquartered in Denver, CO and has offices around the globe.