An IoT ROI model is a key step in building an effective business case for IoT initiatives.
Tracking your IoT ROI can make the difference in a successful IoT project. Do you know where to start?
Manufacturers are under tremendous pressure to increase quality and reduce costs. And while the industrial IoT can help industrial companies reach these goals, greenlighting IIoT projects depends upon being able to prove a meaningful industrial IoT ROI. ROI is usually calculated through reducing operating costs—but that’s not the full picture of IIoT value.
The IIoT can also create opportunities for companies to differentiate offerings and drive new top-line revenue. Reducing operations costs can rapidly generate bottom-line savings, while IIoT-driven innovation can deliver more sustainable value over time. Get your copy of this report to learn:
Metrics for integrating smart, connected product data,
Translating product data into value,
Connecting data and business process efficiency,
Differentiated products that change the customer experience.
Start building your industrial IoT ROI model—and get your IIoT projects greenlit. Get your copy of Quantifying the Return On Investment: The Business Case for Internet of Things Initiatives today.