08/07/18 Servitization and the Ecosystem

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. He adds that people understand the opportunity, but there is a lot of effort to use technology to solve problems. Creating the ecosystem and business model is what the industry is challenged with today—and that is where we are at in the evolution of this now, he explains. The technology is maturing and that is the key today, he says, as technology is making new applications possible that weren’t possible five years ago.