Oil industry’s loss is IIoT’s gain in Canada
By Daniel Butler
Fri, 23 Jul 2021
- Canada’s thriving industrial Internet of Things (IIoT) market is set to exceed USD$4.9 billion by the year 2018
- The recent slump in energy prices and oil demand presented a challenge for IIoT innovation driven by natural resources investment
- Canada’s transition from natural resources towards alternative areas of innovation has accelerated investment
- Strategic exits are now dominating activity among burgeoning IIoT companies
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Oil industry’s loss is IIoT’s gain in Canada
By Daniel Butler
Fri, 23 Jul 2021
- Canada’s thriving industrial Internet of Things (IIoT) market is set to exceed USD$4.9 billion by the year 2018
- The recent slump in energy prices and oil demand presented a challenge for IIoT innovation driven by natural resources investment
- Canada’s transition from natural resources towards alternative areas of innovation has accelerated investment
- Strategic exits are now dominating activity among burgeoning IIoT companies
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