Why Manufacturing Plants should invest in Industry 4.0?

The industry 4.0 or Industrial Internet of Things the significant response to these challenges. As part of its 2019 Worldwide Semiannual IoT Spending Guide, IDC states that total hardware spending is $250 billion and spending on IoT software will count to $150 billion in 2019.

The real value of IoT can be realized when the data is associated with various Key Performing Indicators (KPIs) i.e. quality, traceability, maintenance, and productivity. With a variety of IoT implementation is at PoC stage, companies are peeping in the untapped opportunities of operational efficiencies.

The best way to implement IoT for any manufacturer who is just getting started with Industry 4.0 is to identify the greatest pain point from those above and go with an IIoT solution to address one problem at a time. Some of the IoT vendors provide customizable IoT solution which can be upgraded as per needs. This approach will generate the best ROI and pave the way ahead for a successful transition and implementation.

Visit: https://articles.abilogic.com/389845/why-manufacturing-plants-should-invest.html?from=email