James Iversen
Industry Analyst
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James Iversen In The News
Future CIO (2023-08-23)
ABI Research forecasts that total industrial cloud platform revenue in manufacturing will surpass US$300 billion by 2033 with a CAGR of 22.57%, driven by solution providers enhancing platform operability while expanding partner ecosystems for application development.
ABI attributes the growth in cloud use to new architectural frameworks that enhance data extraction and operability for manufacturers looking to maximize utility from their data.
“Historically, manufacturers have built out their infrastructure to include expensive data housing in the form of on-premises servers,” says James Iversen, industrial & manufacturing technologies industry analyst at ABI Research.
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Control Engineering Europe (2023-08-22)
“Historically, manufacturers have built out their infrastructure to include expensive data housing in the form of on-premises servers,” explained James Iversen, Industrial & Manufacturing Technologies Industry Analyst at ABI Research. “The large initial upfront cost of purchasing, setting up, and maintaining these servers is a selling point for cloud manufacturing providers who beat them out in costs. With low data storage prices, manufacturers who switch to a cloud-based system can see up to 60% reduction in overhead costs relating to data storage.”
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