Strong IoT Consolidation Trends, Albeit at Declining Valuations

As Autumn begins to fade, we see a decline in tech valuations as NASDAQ enters correction territory with many high-fliers down significantly from their peaks. There has been no slowdown in consolidation as Software AG acquires Built.io, GE spins off their Intelligent Platforms business to Emerson Electric and IBM acquires RedHat in a $34b blockbuster deal. Events like IoT Solutions World Congress provide opportunities to expand on Digital Industry initiatives.