I’ve said it before, but it bears repeating: When it comes to the Internet of Things (IoT), the consumer market gets all the attention, but the real action may be in industrial applications, the so-called Industrial Internet of Things (IIoT).
The IIoT is a huge market, and it’s based more on clearly defined cost savings than the always-fickle consumer preferences that seem to rule the consumer market. It also requires highly available infrastructure to connect everything and avoid expensive downtime — one reason why investment in IIoT firms has been hot this summer, with investments in companies such as Seeq, Element Analytics, Trendminer, Falkonry, and Toumetis.
