Latest Insights

In this blog post, we delve into the complex and ever-evolving world of industrial Internet of Things (IoT) platforms, guided by insights from our recent podcast with Hans-Michael Kraus of Bosch-Rexroth’s Ctrl X platform. This exploration encompasses the historical development, current state, and future prospects of industrial IoT platforms, highlighting the key challenges, achievements, and trends shaping this dynamic sector.

Our journey commences with a retrospective look at the genesis of industrial IoT platforms. Drawing on the podcast transcript, we uncover the rich tapestry of technological progress and market shifts. The narrative recounts the initial challenges encountered in establishing robust platforms, with industry giants like Siemens and GE navigating considerable obstacles in creating thriving ecosystems. This account illustrates a gradual but persistent evolution, underscoring the importance of perseverance and long-term vision in the realm of industrial IoT.

Transitioning to the present, we observe a significant paradigm shift influenced by the integration of operational technology and information technology. The discussion focuses on the intricacies of monetization strategies, underscoring the necessity for innovative pricing models and the shift towards subscription-based models. The dialogue emphasizes the crucial role of trust and quality in determining the trajectory of industrial IoT platforms, highlighting the imperative for dependable solutions and solid partnerships.

Peering into the future, the industrial IoT platform landscape is poised for substantial transformation. The integration of artificial intelligence (AI) and machine learning is set to redefine application scenarios, with a particular emphasis on quality inspection and predictive maintenance. The podcast illuminates the potential impacts of AI, data spaces, and the increasing focus on cybersecurity and compliance, especially in light of impending regulations like the European Union’s Cyber Resilience Act.

As we navigate through the intricate narrative of industrial IoT platforms, the discussion concludes with a thought-provoking proposition for our next guest: a Siemens expert, poised to delve into the intricacies of their Mindsphere and Accelerator initiatives. This invitation sets the stage for an in-depth analysis of Siemens’ platform journey, offering valuable perspectives and lessons for those engaged in this field.

In summary, the story of industrial IoT platforms is a compelling narrative of innovation, endurance, and adaptability. The journey, exemplified by Control X and its visionary leader, Michael, is a testament to the sector’s ongoing evolution and the bright prospects that lie ahead. As we continue to traverse this dynamic landscape, it is clear that the exploration of industrial IoT platforms is far from over.

We invite our readers to join us on this exciting exploration of the past, present, and future of industrial IoT platforms. Stay tuned for more engaging stories and insightful dialogues as we continue to uncover the secrets and wonders of this technological domain. Until our next installment, we encourage you to keep discovering, learning, and shaping the future of industrial platforms.

Below you will find further insights from our work with organizations around the globe to launch and scale businesses based on network effects and a positive impact to our society.

Business Building
B2B Platforms
Toolkits & Frameworks
Please share & subscribe

If you like our articles, please share in your social media and subscribe to our bi-weekly newsletter.