27 Feb '17, 8pm

IoT in Industry Still 'Infant,' But a Big One | #Analytics #IoT

BARCELONA — A panel member speaking here at the Mobile World Congress declared boldly Monday that the intelligent use of industrial IoT (the Internet of Things) even today has the power to eliminate the uncertainty of whether a company’s “hundreds of millions of investment will pay off, that their one dollar will turn into three dollars.” The “predictive insights” provided by data gathered from connected industrial devices, said Brad Keywell, founder and CEO of Uptake, pose a great opportunity for profit creation with unprecedented “productivity, reliability and safety,” but only if industries “understand” how to take advantage of the power of connected devices. Brad Keywell, founder and CEO of Uptake Anticipating Keywell’s declaration, Venkat Atluri, a senior partner at McKinsey & Co., moderator of two panels discussing the potential of industrial IoT, cited statistics th...

Full article: http://www.eetimes.com/document.asp?doc_id=1331409

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