New business models enabled by the Internet of Things (IoT) have the potential to create a huge shift in markets from selling assets to selling services. But the vast majority of the equipment infrastructure in energy generation, industrial automation, and many other brownfield markets is decades old, so a migration strategy to connect with and realize the benefits of IoT is essential. This paper describes strategies for transitioning brownfield devices to be ready for IoT.
- How these new business paradigms can be implemented
- How legacy devices and infrastructure can take advantage of the new business models of IoT
- Ways to unlock the value hidden in data to improve real-time decision-making
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