The convergence of the Internet of Things ( IoT), robotics, big data and machine learning will create enormous opportunities for industrial firms as well as significant challenges.

It should come as no surprise that IoT is one of the most eagerly anticipated trends in heavy industry. Powered by a host of technologies, including low-cost sensors, IP and wireless networks, private and public clouds, and powerful edge infrastructure, industrial IoT promises to transform the way companies provide products and services and interact with customers and partners.