It looks like the manufacturing industry is set to see some evolutionary changes with connected factory, offices, supply chain, etc. As IoT gets prominence and growing as a potential game changer, manufacturing companies finds it as the right time to jump on the bandwagon. IoT creates new opportunities from accurate and timely data gathered from connected machines and equipment deployed in a factory unit. Our whitepaper on IoT in manufacturing tries to give insight on some business cases of IoT in manufacturing along with the value proposition.
“By 2025, the total global worth of IoT technology is estimated to be USD 6.2 trillion — most of which will be from devices in healthcare and second most in manufacturing (USD 2.3 trillion).”
Here’s an account of what IoT can contribute to setting up a smart factory: