Each new technology that finds a prominent place for itself in the market can trigger off disruptive trends or changes in the market; and the reason- the utter speed at which the technology is adapted. In this infographic we try to explain those developments/trends that are going to impact the Industry 4.0 / Industrial Internet of Things marketplace in the coming years.
Internet technology is often counted as the third industrial revolution that has ushered in epic changes to the world of business. And today, we are welcoming what is named as the fourth industrial revolution – the convergence of physical things with the world of the internet- named as the Internet of Things. INDUSTRIAL INTERNET OF THINGS (IIoT) is renowned as the PRIMARY way to improve operational efficiency in manufacturing domain. By 2030, $15 trillion of global GDP will come from Industrial IoT, and in another 15 years, IIoT will add $14.2 trillion to global economy. Industry 4.0 promises new business models that disrupt existing ecosystems.
View our infographic to understand the emerging marketing trends created by Industry 4.0 and IoT.