The view of the industrial Internet of Things (IoT) as billions of sensors connected into intelligent systems distracts from its true role: digital transformation. The gargantuan task and investment of making all these connections, reliably and securely, is pointless unless there is a solid business reason — and there are two very good ones.
2 reasons manufacturers invest in IoT
The first reason big companies invest in IoT is they are worried about being digitally disrupted by a Tesla, Uber, or the next AirBnb in their industries — disrupt or be disrupted.
The second reason: a company’s slowing growth and the need for increased productivity. BCG’s Olivier Scalabre explained that driver during a 2016 TED Talk.