Multitrillion Dollar Choices: IoT And The Future Of Manufacturing

The world’s factories depend on production lines that were never designed for digital connectivity. These so-called “dumb” machines may be a multitrillion dollar drag on manufacturing, which accounts for 16 percent of global GDP and 14 percent of employment. However, making these machines “smart” will require significant investments in an industrial Internet of Things (IoT). The immense cost of production line breakdowns — and the complexity of preventing them — will motivate business leaders to take this leap and transform the future of manufacturing.  The Multitrillion Dollar Opportunity The IoT buzz has produced a vision of Industry 4.0 in which machines can be controlled, monitored and optimized anywhere in the world via the Internet. This future is closer than many industrialists realize. ALSO READ: 3 Ways Real-Time Tracking Powers Digital Factories…


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