Businesses Need To Capitalize On Data

Approximately 73 percent of companies are already investing more than 20 percent of their overall technology budget on big data analytics, according to an Accenture study. The power of the IIoT comes not only from generating insightful data from physical objects, but also from sharing it between players within supply chains and cross industry consortia.
Accenture said companies must create new financial and governance models to share the rewards of using common data.