Podcast | How to Create a New Business Model via IIoT
Grant Gerke | July 28, 2016
Joe Barkai, an industry consultant and former VP of research at IDC, provides glimpses into current Industrial Internet of Things (IIoT) trends with his new book called, “The Outcome Economy, How the Industrial Internet of Things is Changing Every Business.” Barkai feels that IIoT offers the opportunity for manufacturers to “create value, not just by selling products and services (via IIoT), but by delivering complete solutions that produce meaningful ‘quantifiable business outcomes’ for customers.”
>> Below is the podcast interview with Joe Barkai:
Barkai provides examples of these business outcomes in our discussion and we also talk about 3rd party service offerings that go beyond condition monitoring and move to predictive analytics. Other topics include the evolution of the workforce, how maintenance techs could become “citizen data scientists,” IoT innovation, standards for data interpretation, and how manufacturer should think about investment in IIoT.
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