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Penton Launches The IoT Institute; Penton's First "Horizontal" Franchise Launch Will Apply To All 14 Company Verticals, Immediately Creates A Target Audience Of 10MM ProfessionalsSAN FRANCISCO, April 20, 2016 /PRNewswire/ -- Penton today announced the launch of the IoT Institute, a new business unit focused on the rapidly-growing world of the Internet of Things (IoT). The IoT will unleash $6.2 trillion in new global economic value annually by 2025, with $2.3 trillion coming from the global manufacturing industry alone. While most coverage of IoT centers on the hype around wearables and other consumer applications, the largest market will be in industrial application. According to McKinsey, the largest growth segments for IoT ahead are Smart Cities and Manufacturing. Penton's IoT Initiative is squarely focused on these two segments, and the business decision-makers who are now confronted by the challenge of practical application. Penton Group President Paul Miller clarified: "IoT is now as relevant to non-technical professionals running companies and projects as it is to the technology community. The IoT Institute will focus on sharing best practice between technologists and line executives in order to drive practical and measurable results." The IoT Institute franchise encompasses information services, learning, research and live events. The IoT Institute launches with:
Penton is collaborating with the Industrial Internet Consortium®, the Chief Marketing Officer (CMO) Council, the Business Performance Innovation Network (BPI) and the Illinois Technology Association. Stay connected with Penton IoT Institute on Twitter @IoTiPenton, Facebook: IoT Institute and LinkedIn Group: The IoT Institute. About Penton's IoT Institute ABOUT PENTON Headquartered in New York, Penton is privately owned by MidOcean Partners and Wasserstein & Co., LP. For more information, visit http://www.penton.com or follow us on Twitter @PentonNow. MEDIA CONTACT Logo - http://photos.prnewswire.com/prnh/20160419/357334LOGO To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/penton-launches-the-iot-institute-pentons-first-horizontal-franchise-launch-will-apply-to-all-14-company-verticals-immediately-creates-a-target-audience-of-10mm-professionals-300254419.html SOURCE Penton |