The Transition to the Industrial Internet of Things
Many companies that are building devices participate in the Internet of Things (IoT). These devices can measure information, control various objects and actively communicate to each other. Companies are also in the process of building software applications surrounding these devices in order to make decisions and thus enabling these devices to be a part of the communicating community around the IoT. Device makers for the IoT have a great opportunity in building products that add value. This can be done by building the type of chips they intend to use in the device, the software and protocols to run on the device or directly buy technology from the vendor making things a little easier. This results in "build versus buy" decision for the device maker.