Oil industry’s loss is IIoT’s gain in Canada

By Daniel Butler

Wed, 20 May 2026

    • 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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Daniel Butler

dan_butler1@hotmail.com

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Oil industry’s loss is IIoT’s gain in Canada

By Daniel Butler

Wed, 20 May 2026

    • 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
Generic placeholder image
Daniel Butler

dan_butler1@hotmail.com

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