Autonomous Trucks
Heavy Equipment AutonomyPeople love to complain about capitalism using smartphones powered by the sweat of mineral miners across this globe. Heavy Equipment and IoTThis theme might be the least compelling if we believe it primarily benefits equipment operators. Automation alone would be a reasonable enough thesis to believe that heavy equipment manufacturers will outperform other subsectors of the industrial industry. In the top ten holdings we see two of the world’s largest producers of heavy equipment – Caterpillar and John Deere. Offering autonomous machines as a service would allow heavy equipment manufacturers to move towards more predictable recurring revenue streams which will be ascribed higher valuations.