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Trends Driving Smart Factory Maturity in 2021

December 17, 2020


With the IIoT market expected to grow from $77.3 billion in 2020 to $110.6 billion by 2025, 73% of manufacturers plan to increase their investment in smart factory technology over the next year. Below, are some of the critical trends I expect to shape the industry throughout 2021:

IT/OT Integration is critical for answering the $77 billion need for IIoT

As IIoT sensors produce 1.44 billion data points per plant per day, IT/OT integration is critical to improving operational efficiency while accelerating success through digital transformation initiatives. However, enterprises have traditionally been challenged with converting real-time, historic OT data from legacy systems into higher-level IT insights.

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