Defined as “a universe of intelligent products, processes and services that communicate with each other and with people over the Internet” by Accenture, the industrial internet of things (IoT) “promises to be the most transformative industrial revolution yet for manufacturers, changing the way they think about resource allocation, production processes, materials handling, and the workforce.”
Key factors driving innovation
Level of investment
Transformation comes with a price, modernising equipment and facilities can be costly. Accenture highlights that the key to success will be adopting strong business cases, based on a set of use cases, to allow for ease in identifying return on investment (ROI).
