Recent years have seen an explosion of the Industrial Internet
of Things (IIoT) as enterprises of all shapes and sizes have been
implementing new, innovative, smart solutions in pursuit of
digital transformation.
After years of slowing productivity and fragmented demand
across many industrial segments, innovation is long overdue.
Significant forces, such as increased globalization and
commoditization, have compelled industrial enterprises to
explore new service-oriented, revenue-boosting business
models and to reallocate resources to digital technologies
and solutions.
What we're seeing now is the Fourth Industrial Revolution or
Industry 4.0 which has become the fastest growing market for
IoT. But—as with nearly any period of great structural
change—the race to digital transformation is about more
than just bragging rights. Industrial enterprises that embed
IIoT into their businesses will discover:
Operational efficiencies that reduce costs
New, ongoing sources of revenue
Enhanced relationships with customers
Accelerated time to market
Companies that don't define an IIoT strategy risk a competitive
disadvantage before even reaching the starting line. And so,
for industrial enterprises that have yet to act or have been
sidelined by obstacles—this is the moment of truth. Act
now, or be left behind.
Fortunately, with the incredible advancement of IIoT and
growth fueled by Industry 4.0, there has been no better
time than now for the availability of innovative, state-of-the
art technologies, resources, and opportunities for digital
transformation.
Top Use Cases for IIoT
in Industrial Manufacturing: