Growth in Industrial IoT driven by cost, efficiency and safety requirements
Lux Research, in a new report titled “Defining the Industrial Internet of Things” argues that cost, efficiency and safety requirements are driving growth in the Industrial IoT (IIoT) as companies across the globe, across industries, look to boost connectivity at the workplace. The research firm has classified connected assets into four categories – equipment, people, goods, and environments.
Lux Research has given examples of how companies are making use of IIoT. Daimler...