Peggy and David Stephenson, author, The Future Is Smart, talk about his new book. He explains the primary audience of the book is not the thought leaders and doers, but the skeptical mainstream businesses that have maybe heard a little bit of the IoT, but they are intrigued about the economic payoffs.
Peggy and Sam George, director of Azure IoT, Microsoft, talk about servitization.
Peggy asks: Are services really that important to growth? Simply, yes. She goes on to explain that IoT global spending will reach more than $772 billion in 2018—up about 14.5%. Even more, by 2021, services spending is expected to nearly equal hardware spending.
Peggy and Joshua Peschel, assistant professor, agriculture and biosystems engineering, Iowa State University, says if you look at the tracking different assets and understanding their supply chain, having access to detailed information is not something companies were able to have prior to now.
Peggy and Duane Wald, VP and managing director, EMEA and APAC, MultiTech, chat about the Internet of Things, and he says in the context of Industry 4.0, it is less about technology, and more about business strategies and business models.
Peggy talks about how servitization can open the door to new revenue streams.
Peggy is joined by Glenn Lurie, CEO and member of the Board of Directors, Synchronoss Technologies, who talks about his new role.
Peggy says in 2016 manufacturing contributed an estimated $178 billion to the worldwide IoT (Internet of Things) spending, while the second highest, transportation, contributed $78 billion.