“Right now, the IIoT platform market is a zero billion dollar market,” quips Sean Parham, corporate vice president of product management at ABB Ability. “I’ve heard others use that line. It’s not like I came up with it,” Parham said. But with some 450 industrial IoT platforms in the marketplace according to ABB’s reckoning, few appear to be profitable. “There’s a whole lot going on, but people aren't making direct money off of direct platform sales,” Parham said.
ABB: The Consensus About the IIoT Platforms Is Wrong
An IIoT platform is not an intrinsically valuable piece of technology, argues an ABB exec.