The Industrial Internet of Things is a big thing. That’s an awkward sentence, but a very true statement. Big changes, however, come with a built-in challenge: They generally aim to replace or change a technology or procedure that is firmly established.
This certainly is true of the IIoT. Kleiner Perkins Caufield & Byers’ David Mount writes at the company blog that the “existing capital stock” – industrial stuff that’s been deployed, in other words – in the U.S. is worth about $6.8 trillion.