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IoT and Industry 4.0 practice leaders must respond to the five trends to stay ahead of the curve
HFS recently published HFS Top 10 IoT services and HFS Top 10 Industry 4.0 services reports, in which we analyzed leading global service providers in the IoT and Industry 4.0 service spaces. We observed that the year-over-year (YoY) growth of service providers is in the double digits, and the overall adoption of IoT and Industry 4.0 has increased. Through different use cases, IoT and Industry 4.0 bring significant changes to the business landscape, thus impacting how enterprises interact with customers, manage operations, and scale overall business. As emerging technologies are changing rapidly and influencing several organizational factors, including industry boundaries, product complexity, and business models, so enterprises must anticipate the future landscape and prepare themselves for future disruption. Accordingly, service providers also need to develop capability and necessary offerings so that they can support enterprises across different areas of IoT and Industry 4.0. In this PoV, we discuss the current landscape and future state of IoT and industry 4.0.
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