New Service-provider and Business-model Disruption in the Industrial Internet of Things

Horizontal IIoT platforms will proliferate once organizations implement multiple IIoT applications across different business units within a single corporation, for example, and in communal environments, such as smart cities and multi-modal transportation systems. Two other factors that will fuel this trend are the favorable economics of shared platforms and the innovation potential of interoperable IIoT applications. This paper, which is featured in the June 2016 IIC's biannual Journal of Innovation, illustrates such a future from the perspective of a large-scale, intelligent transport systems trial.