Smart appliances. Check. Smart cars. Check. Smart homes. Check. Smart cities. Rewind. Smart factories. Stop!
The Internet of Things (IoT) has been in the news for its hype value. Your alarm clock communicating with your coffee machine to have hot coffee ready for you when you step into the kitchen. Your refrigerator communicating your grocery needs to the local grocer. Your mobile-controlled thermostat, your fitness trackers, drone cameras…yes, even Uber cabs!
All great stuff. But let’s look a little deeper. IoT is much, much more. It’s critical to business! And that is where it is going to be a true game changer. As GE CEO Jeff Immelt cautioned participants at the recent Minds + Machines summit, “If you went to bed last night as an industrial company, you’re going to wake up this morning as a software and analytics company.”