Only the Beginning for IIoT

Companies are finding IIoT solutions for legacy assets as well as building connections to the cloud for greater data sharing and analysis.

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In the world of supply chain technology, blockchain is dominating the headlines. And while blockchain certainly holds promise for many industry sectors, the Industrial Internet of Things (IIoT) continues to propel innovation and investment for companies of all sizes. According to a report from Grand View Research Inc., the global industrial IoT market is expected to reach USD$933.6 billion by 2025. As connectivity to the cloud evolves and a greater focus on edge computing occurs, IIoT holds significant possibilities for companies ready to leverage their data and expand their customer engagement.  

Providing insights about the latest IIoT trends are Barry Lynch, vice president sales and marketing for Factora; Lou Lutostanski, vice president of IoT for Avnet; and Dr. Richard Soley, executive director for the Industrial Internet Consortium. 

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