How to Extract Economic Value from IIoT.....

How to Extract Economic Value from IIoT.....

"It’s important to note that the IoT’s value doesn’t come from connected devices, but rather from the ability to extract, mine, organize, and influence action from the information stemming from connected device data....for those that do, new billion-dollar entities will be born".........

The Industrial IoT and the performance-based or outcome economy

Jeffrey Fortin

Product Manager for VectorCAST and PC-Lint Plus

8y

If I read this correctly, it is saying IoT is not about computing data, but comprehending data in order to return value to a business or to society. Do I have this right?

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