Platforms Power Manufacturing IoT - How To Choose the Right One?
Posted by The Momenta Team
Digital technologies promise transformative benefits for industry, and there’s never been a more opportune time to embrace Digital Industry strategies.Over the past few years, there have been a growing number of success stories as traditional industrial firms adopt digital technologies.However, the pace of adoption has lagged some of the more optimistic expectations from 5-6 years ago, when the vision for Industrial IoT gained expansive mindshare among the largest technology and industrial firms.Part of the challenge has been that in the early stages of any solution markets – whether in software (ERP, CRM) or broader solutions, the first generations of adopters must build from scratch.
Bespoke applications/solutions do not scale until they can replicate easily.There’s a lot of work that needs to be done from plumbing on up – APIs, connectors, data integration, normalization, development of KPIs and more – to create solutions that can be replicated easily from one facility to another, from one company to another, from one industry to another.Technology platforms help to accelerate that process of maturity by subsuming aggregated custom work into common foundations that allow existing IP to be more easily scaled, and enable rapid innovation of new applications and solutions.
In the industrial milieu, there’s been an explosion of platforms over the past several years to enable Digital Business/Industrial IoT solutions.Even with consolidation and pivoting there’s a bewildering array of choices for firms seeking to leverage the power of platforms.To address the confusion, Litmus has released a new report: 2020 Buyers Guide: Industrial IoT Platforms.
The new report helps provide context and insight around the market for Industrial IoT Platforms: why they are important, where they add value, how they enable accelerating innovation and Digital Transformation.The report explores key challenges, IIoT use cases, defines the key building blocks involved and outlines a framework for IIoT platforms. Litmus provides helpful comparisons and analysis that will help manufacturers and other industrial firms make the best, most informed decisions in choosing the platforms to accelerate their vision.
To further your exploration join Litmus, Momenta Partners and Saint-Gobain for a virtual seminar on "How to Enable Smart Manufacturing in 30 Days" on Wednesday, June 24th. This 90-minute digital event is designed to give you all the information you need to enable smart manufacturing in 30 days.
Moment Partners is hyper-focused on Digital Industry helping customers understand and unlock the value of IoT. Since 2012, we’ve been advisors to the largest Industrial IoT transactions, placed over 200+ leaders, and invested behind 40+ disruptors, including exits to SAP and PTC.