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IoT (Internet of Things) & Predictive Maintenance Technologies

04/28/2022

Why the hype over IoT-backed predictive maintenance technologies? Is it just a passing technology trend, or does it really have the power to significantly impact the reliability of your equipment and the bottom line for your company?

Digital Transformation and Internet of Things (IoT)

Companies have invested trillions in digital transformations over the past five years and will invest even more in the future. According to the International Data Corporation (IDC), $1.18 trillion in investments were made in technologies and services to enable digital transformations in 2019. In addition, experts predict companies will invest $6 trillion in digital transformation between 2018 and 2022.

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