IOT, Magic or Myth?

Through slick videos, magazines, and advertisements, IOT, ML, AI, and M2M have been promoted as a wonderful solution for the lift and escalator industry. This paper reviews the available IOT product offerings by capabilities, and evaluates their efficacy based upon current technology. The review includes what is now possible, what is not now possible, and what might be possible soon. Solutions available to the multi-national lift companies and those available to regional and local lift enterprises are also reviewed.