By offering third-party-enabled Industrial Internet of Things (IIoT)-based products and solutions, industrial automation vendors have evolved to provide proprietary digital platforms via the Product-as-a-Service (PaaS) business model.
Veovo, a provider of operations, guest predictability and revenue maximisation software solutions, announced that it has formed a partnership with Ports of Jersey, and implemented the Veovo Port & Airport Management system.
Technological progress has now spawned an era of digital transformation. The transformation was brought about through digitisation as analogue information was converted to digital data.
Through its subsidiary Hartford Steam Boiler (HSB), Munich Re has acquired 100% of relayr, a provider of industrial internet of things (IIoT) solutions, at a valuation of US$300 million (€257.80 million).
In modern sports arenas, large screen, outdoor LED digital signage is said to be playing a crucial role in attracting corporate sponsorship. In the days of printed banners, communications and advertising were static.
1NCE, reportedly the first Tier 1 IoT (Internet of Things) carrier providing an IoT connectivity Flatrate (powered by Deutsche Telekom), has started operations in the emerging IoT markets of Russia, Belarus and the Ukraine.
Last year, the market for voice-recognition technologies was estimated to be worth a staggering $6.19 billion (€5.30 billion), and this is predicted to increase to $18.30 billion (€15.68 billion) by 2023.
Aeris, a preferred Internet of Things (IoT) technology partner for enterprises in India, said it has formed a strategic partnership with BT&BT, a digital business consulting firm, and launched a joint go-to-market IoT solution for enterprises in India.
Your digital strategy must be driven by a clear understanding of the customer’s needs and the way your products relate to them. Digital transformation doesn’t require a radical rethink of a business model that previously brought success
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