The document discusses how the Industrial Internet of Things (IIoT) and Industry 4.0 will drive immense technological progress in the 21st century, transforming industries and business models. Key points include: 1) IIoT will connect physical machines to analyze data and improve operational efficiency; 2) This connection of operational technology (OT) and information technology (IT) will enable new product and service offerings; 3) Over time, business models will transition to selling outcomes and services rather than products alone.