Digital transformation is boosting bottom lines across manufacturing, thanks to Internet of Things (IoT) technologies.
In fact, roughly two-thirds of manufacturers have already increased profitability by applying the IoT to their plants and processes. Companies report similar success increasing profitability by embedding IoT capabilities into their products.
Here’s how these Digitization/IoT Leaders do it:
- Make data visible: The IoT can bring new visibility to insights throughout the enterprise. Unfortunately, many organizations face obstacles that limit the flow of information (e.g., lack of embedded intelligence, antiquated network infrastructure). Eliminating these bottlenecks makes data actionable; use of cloud-based storage can extend that visibility across the value chain.