We are creating a new category of enterprise SaaS product, focused on creating Asset Value & Agility for industrial enterprises and help accelerate their "Digital Transformation" (DX) journey.
The next 10 years of digitization will dramatically alter manufacturing, energy, agriculture, transportation and other industrial sectors of the economy. Together, these account for nearly two-thirds of the global gross domestic product (GDP). It will also fundamentally transform how people work through new interactions between humans and machines. Leveraging this digitization effectively is key to achieving new advances in productivity. According to industry analysis, a small 1% improvement in efficiency in these industries could add up to ~$ 300 Billion in 15 years.
The Industrial Internet of Things (IIoT) is developing rapidly. It will bring a new ability to directly manage the physical world, including the machines, factories and digital processes that define a modern company landscape. This deep interlacing enables a digital representation of the physical world, commonly referred to as “Digital Twins”. According to the new market research report, the IIoT market is expected to grow at a CAGR of about 8% and reach $196 billion by 2022.
The emerging science of cognitive learning, coupled with IIoT data sets, also has the potential to make machines & factories more intelligent. This ability for machine to continuously learn like humans comes from providing business context to the machine data, which in turn unlocks the true potential for a transformative digital company.
To achieve this, we need to start a transformation journey. Making this journey successful for your company, will require a clear and comprehensive knowledge of your business & operating models, relationship between machines, flow of data, business process efficiency and increased overall transparency for long term success.