The Internet of Things(IoT) is slowly building up its core capabilities to start solving problems that can really benefit from it. Let’s talk about the manufacturing vertical and why the Internet of Things may open up doors previously impossible to crack open.
Transforming Manufacturing Industries with the Right Industrial IoT Approach
The Internet of Things (IoT) is slowly building up its core capabilities to start solving problems that can really benefit from it. Let’s talk about the manufacturing vertical and why the Internet of Things may open up doors previously impossible to crack open.
The need for Industrial IoT in Manufacturing
I love having conversations that are specific. Although being open and having a 10,000 ft overview sometimes helps, it’s the nitty gritty of things that makes them more interesting. Manufacturing is one of the founding pillars of any grown and stable economy. World economic output through manufacturing alone touches multiple Trillion dollars per year. China alone holds over 22% of the worlds manufacturing capacity. Staggering!
The United States follows with over 15% of world manufacturing attributed to it. A key vertical, manufacturing drives economies and essentially a large part of the world. You could also say that manufacturing drives all other verticals, as everything produced through manufacturing is used in other industries to product other outputs. Manufacturing itself depends on manufacturing to exist.
Manufacturing will see a massive transformation through IoT in the upcoming years. The question is how? The internet of Things as we know can be of many types. We have Human to Machine, Machine to Human and then Machine to Machine or M2M. Many experts believe that M2M will be key in enabling better manufacturing processes and helping change the way the industry works. Here are some examples of how it is happening today.
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