The rise of internet of things (IoT) technology has many names, including The Next Industrial Revolution, Industry 4.0 and, simply, The IoT Apocalypse. Regardless of your stance on the future of IoT, most can agree that IoT will be a disruptor in every sense of the word -- and not just in Silicon Valley and at MIT. The implications of IoT are far-reaching, touching nearly every industry that relies on industrial automation.
A startup designing a new kind of smart, networked motor provides a view into the state of the Internet of Things. So far, Software Motor Company (SMC) has found that lowering costs through integrated designs may be one key to success in an IoT market that has not yet lived up to its hype.
The field service management (FSM) market will be worth $4.45 billion by 2022. Increasing customer expectations, surging demand for enhanced productivity and the rise of service operation costs are considered primary drivers behind this projection.
Capgemini interviewed senior executives from over 300 global organizations who are already implementing IoT initiatives. The research team also analyzed 300 cross-sector, real-life IoT uses cases used for internal operations spanning industrial manufacturing, retail, consumer products, energy & utilities, automotive and telecommunications, to identify which ones have the greatest impact.