Overview Internet of things (IoT) has the power to transform industries and modernize business processes. Worldwide spending on IoT is expected to exceed $1 trillion by 2026, up from $806 billion in 2023, as per IDC. A significant part of this growth is expected to be contributed by industrial companies that are digitalizing operations and transforming business models to improve efficiency, remain competitive, better customer experience, and trim costs. The number of connected devices is expected to double to 30 billion by 2030, from 15 billion, at present . There are, however, roadblocks. Connecting diverse legacy assets, managing interoperability of multiple industrial control systems and protocols, handling an increasing number of sensors and devices, and putting in place a robust cybersecurity system are some of the challenges these companies face as they embark on this journey. Despite these challenges, delivering business value remains the top priority. Improved data engineering, advanced analytics for relevant and contextual insights both at the edge and on the cloud, and significant improvement in reliability and uptime of industrial systems are key to justifying the investments required. Global businesses are using the TCS Connected Universe Platform for connected value chains to reduce cost, enhance production […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
