Industrial IoT Software Resources

This post is part of G2's 2021 digital trends series. Read more about G2’s perspective on digital transformation trends in an introduction from Michael Fauscette, G2's chief research officer and Tom Pringle, VP, market research, and additional coverage on trends identified by G2’s analysts.

Project management software and methodologies are a form of automation that has been used in business for nearly 50 years. New technologies such as artificial intelligence (AI) and the Internet of Things (IoT) have the potential to automate project management—but, how far will they go?

Most tasks we do at work are either process or project-based. Processes are made of repetitive tasks that we do repeatedly, with little to no variation. Project work can vary significantly from one project to another and can change based on internal or customer requirements. 

Most Industry 4.0 success stories mention large multinational companies such as GE or ABB.

The concept of automation is straightforward: create tools that perform tasks with minimal human involvement. And the motivation for more automation is simple: Companies can do more with less. “More” means companies can sell and deliver a higher volume of products and services than ever before. “Less” refers to the fact that, thanks to automation, fewer resources are required.

If you work in manufacturing or supply chain, you’ve probably heard of Industry 4.0. While the term may be used together with buzzwords like digital transformation, interconnectivity, or end-to-end value chain, Industry 4.0 refers to a new industrial revolution. 

Business digital transformation is a buzzword that is misused and not completely clear. For instance, the Wikipedia definition is incomplete and vague: “Digital Transformation (DT) is the use of new, fast-changing digital technology to solve problems often utilizing cloud computing, reducing reliance on user-owned hardware but increasing reliance on subscription-based cloud services.”