Micron Technology, Inc. (NASDAQ:MU) is set to showcase its vision as to why designers in industries handling industrial IoT must exercise caution with their products. It will be also be explaining why the products must meet the demanding requirements.
The world leader in innovative memory solutions may have been triggered by the rapid onset of automation and IoT, which has taken many industries by surprise. The likes of factory automation, transport, and logistics among others are all embracing digitization of processes. IT and operational technology infrastructures have become necessary in the provision of greater uptime and security.
But technology evolution is becoming more complex
The provision of enhanced processes will not be a walk in the park. It requires equipment that can deliver results that can last for several years, which explains the complexity of technology evolution. Apparently, Micron has been undoubtedly one of the star performers. Its 2016 NASDAQ Stock scooped an increase of more than 60%.
Apparently, even before the dust of success can settle, Micron is introducing a new product for networking. It will work hand in hand with Hyperstone, its Lake Constance-based controller partner.
The number of smart connected devices continues to grow
There is a notable increased use of memory in the industrial design. This has triggered a new era of economic growth and competitiveness. Nonetheless, demand for scalable technology and power efficiency is also rampant besides the ability to access data faster. If Micron can provide this, then the market can expect more growth in its NASDAQ Stock.
Micron has serious brands, the likes of Crucial, Lexar and Ballistix. Its portfolio also incorporates high performing memory technologies, which include DRAM, NAND, NOR Flash and 3D XPoint. This places the company a strategic position in the market given the demand in memory solutions. They are quickly becoming strategic differentiators, which throws in a possible shift autonomous driving to virtual reality.
Nonetheless, the company has over 35 years of technology leadership in various applications