In an increasingly globalized world the Canadian industrial sector is losing ground to cheaper, more technology driven regions. (However we can enhance our competitiveness) But we can become competitive by developing and adopting newer technologies and tools, thus innovating our way to the front.’
- The global Internet of Things market will grow to $1.7 trillion in 2020 from $655.8 billion in 2014
- The firm predicts that the number of ‘IoT endpoints,’
connected devices will grow from 10.3 billion in 2014 to more than 29.5 billion in 2020. - Industrial Internet of Things spans industries representing 62% of G20 nations GDP. Industries including Manufacturing, Mining, O&G, Agriculture, Utilities etc.
- Predictive maintenance of assets can be reduced by up to 12%
- Production efficiency can be increased by 30%
If a mining operation, where the ability to quickly conduct an assay of the ore when a drill bit unexpectedly hits hard rock enables miners to resume work in a fraction of the time required before. That if the global oil industry improves pump performance by even 1 percent, it would increase oil production by half a million barrels a day and earn the industry an additional $19 billion a year. If incumbents do not identify and exploit these opportunities, new entrants and start-ups will begin to influence and capture their customers.’
IoT Events was established with two key objectives in mind
- To focus on Canadian IoT, Big Data, M2M market, customers and players to help create more efficient, profitable and productive industrial environment through shared knowledge, learning and growth.
- Create better conference experience, delivery and programmes with customer and industry benefit at its heart. Far too many conferences are boring sales‘ pitches that lack basic customer service.
If you are an industrial professional and wish to share some insight, please contact content@iotevents.ca Thank you
