Industrial Internet platforms are dominated by incumbent manufacturers, not new startups
Evidence
As one report puts it, with the industrial internet ‘the big winners will be platform owners’. It is therefore no surprise to see traditional manufacturing powerhouses like General Electric (GE) and Siemens, as well as traditional tech titans like Intel and Microsoft, make a major push to develop industrial internet platforms. Siemens has spent over €4 billion to acquire smart manufacturing capabilities and to build its industrial platform MindSphere, while GE has been working rapidly to develop its own platform, Predix. The field has so far been dominated by these established companies rather than being subject to an influx of new start-ups. — Nick Srnicek, Platform Capitalism, 62
Categorization
- XREF: Contrast with the consumer-platform narrative (Uber, Airbnb, startup-driven) — a useful factual contrast within the platform-capitalism framework. — connects to: Industrial platforms extract data to cement monopolies over global manufacturing — Nick Srnicek, Platform Capitalism, 62; Cooperative platforms cannot compete with entrenched data monopolies — Nick Srnicek, Platform Capitalism, 100
Related
- Industrial platforms extract data to cement monopolies over global manufacturing (similarity 0.84)
- Industrial internet reduces costs without transforming profitability, concentrating gains in platform owners (similarity 0.83)
- Platform companies converge into similar forms as they compete for the same data. (similarity 0.79)
- Data extraction needs force previously separate platforms into direct competition. (similarity 0.78)
Broader Connections
- Cooperative platforms cannot compete with entrenched data monopolies
#corroborates(0.82) — Nick Srnicek, Platform Capitalism, 100