We’re excited to announce the release of our newest white paper, “Capital Expenditures (CAPEX) for Industrial IoT (IIoT) Deployments Using the Cloud,” written by Alan R. Weiss.
Industrial IoT (IIoT) technologies are transforming the manufacturing, energy, logistics, and infrastructure sectors by connecting machines, processes, and people. A critical factor in adopting IIoT solutions is the upfront capital expenditure (CAPEX) required for hardware, networking infrastructure, installation, and integration.
This white paper explains the components and elements of a typical IIoT system, including the major cost drivers, and explores key CAPEX considerations, outlines typical investment areas, and provides strategic approaches to optimize initial spending while maximizing long-term value. An alternative is presented to fund IIoT using operating expenditures (OPEX) on a “pay as you prove it” plan as well as other techniques to lower up-front costs, including the use of the Cloud.
At Corvalent, we help organizations implement reliable Industrial IoT solutions through CorGrid, our IoT platform and services offering. CorGrid connects sensors, edge systems, and industrial equipment to cloud-based analytics and monitoring tools, enabling companies to collect and act on operational data in real time.
About the Author
This white paper was researched and written by Alan R. Weiss, a recognized expert in IoT, IIoT systems, enterprise software, and embedded technologies. With decades of experience in industrial automation and digital transformation, Alan provides practical insight into how organizations can successfully plan and deploy Industrial IoT systems.
Read the Full White Paper
Understanding the cost structure of Industrial IoT deployments is a critical step toward successful digital transformation. This white paper provides a clear overview of the technologies involved, the major cost drivers, and practical approaches to optimize investment.