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The Internet of Things for the Industrial Sector

Organizations in the industrial sector – energy, water utilities, oil & gas, manufacturing, mining and transportation – have a lot of pre-existing equipment that isn’t instrumented. Truth be told, the equipment is just old. According to a Wall Street Journal article citing Morgan Stanley, most of the industrial machinery in use is at least 10 years old.  Not since 1938 have North American factories worked with such out-of-date equipment.