Industrial firms to spend $19bn on IIoT, says report
OYSTER BAY, 4 days ago In their quest for digital transformation, manufacturers and industrial firms will spend $19.8 billion to transform and support their IIoT data analytics value chains by 2026, up from $4.92 billion in 2020. According to global tech market advisory firm ABI Research, manufacturers need to ensure the success of current and future programmes amid continued challenges including restricted travel and distributed teams trying to collaborate remotely in real-time. As a result, select digital transformation initiatives have gained considerable momentum in terms of their adoption and potential. These include cloud for collaboration and synchronisation across teams and departments, digital twins for monitoring and maintenance, and analytics and AI for system-wide, software-driven automation.
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The pandemic revealed significant flaws in manufacturer's capabilities, spurring rapid digital transformation initiatives OYSTER BAY, N.Y., March 16, 2021 /PRNewswire/ Manufacturers
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Software-focused private equity firm JMI Equity has struck its increased $1.7bn fundraising goal for its tenth flagship
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