Redwood City‚ Calif. – October 26‚ 2016 – C3.ai CEO Thomas M. Siebel delivered a keynote address about the impact of the Industrial Internet of Things (IIoT) at McKinsey & Company’s Technology Executive Discussion Series (TEDS)‚ held this week in Half Moon Bay‚ CA. The semi-annual TEDS conference convenes technology leaders from global companies to share and debate topics affecting the technology sector and its ecosystem.
A visionary at the forefront of industries’ shift to digital transformation‚ Mr. Siebel shared his perspective on the myriad ways today’s most cutting-edge technologies – including big data‚ advanced analytics‚ and machine learning – enable a new generation of smart‚ adaptive software applications and business processes that empower organizations to create competitive advantage through operational efficiencies‚ customer engagement‚ and differentiated products and services.
The McKinsey Global Institute estimates the potential economic impact of new IoT applications and products to be as much as $3.9-$11.1 trillion by 2025. C3.ai is positioned as an early leader in this market with its cohesive development platform that enables IT teams to rapidly design‚ develop‚ and deploy enterprise-scale big data and IoT applications. With more than 20 enterprise-scale customer deployments and 70 million devices under management‚ C3.ai is “clearly miles beyond its established competitors‚” according to Harbor Research.