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Penetration of Novel Technologies AI and IoT Sets New Growth Paradigms for Elevator & Escalator Market; Passenger Elevators to Continue to Remain at fore, Projects New Study by TMR
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Penetration of Novel Technologies AI and IoT Sets New Growth Paradigms for Elevator & Escalator Market; Passenger Elevators to Continue to Remain at fore, Projects New Study by TMR

ALBANY, New York, March 12, 2020 /PRNewswire/ — The growing penetration of next-generation technologies such as IoT and AI resulting in design innovations and technological upgrades manifests spiraling growth of elevator and escalator market. Leveraging these cutting-edge technologies, elevators and escalators have transformed into ‘smart elevators’ for valuable real-time insights. The consistent use of IBM’s Watson IoT Platform by KONE – a leading name in the elevator space – is a case in point.

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