The Internet of Things stands as one of the largest economic opportunities in the world. But it’s not just about consumer devices. Some of the biggest breakthroughs are taking place behind the scenes in factories, farms, and industrial sites to optimize production or increase energy efficiency.
The opportunity for IoT in industry, however, is also incredibly challenging and involves applications and a customer mindset that are far, far different than what some tech companies might be used to. The good news is that industrial IoT isn’t about producing simple gadgets. These will be sophisticated, elegant systems. The bad news is that meeting the performance specifications will be a mammoth task.