The 2019 ARC Industry Forum was a great success with record attendance by both end users and suppliers. This year’s event, the 23rd, included attendees from throughout the globe discussing digital transformation topics in asset-intensive and smart industries, cities, and municipalities.
Prospects for growth in industrial IoT solutions are looking up as Industrial IoT Edge 2.0 emphasizes ease of use, self-service, turnkey operation to address the complexity associated with early installations, which has been a significant growth governor to date.
Business models are changing in the age of IIoT. Many industrial enterprises are moving from large capital expenditures toward a "pay-as-you-go" model; commonly referred to as equipment-as-a-service (EaaS), or in some cases “Servitization”.
The use of a wide variety of mobile devices can expand the reach of mobility in EAM systems. In addition, handheld smart devices have grown in capability alongside EAM and field service systems with technologies like GPS, GIS, RFID, and embedded cameras.