Of all companies, manufacturers stand to benefit most from the Internet of Things (IoT). Not only can they streamline operations, reduce cost, improve customer acquisition and retention, they can also create new sources of revenue from the insights generated by instrumented products and product development processes.
This infographic explains how and why IoT can be a gold mine for manufacturers. It outlines current levels of IoT adoption across manufacturing sectors and offers a sense of how the market may play out over the near term – from increased competitive differentiation to improved supply chain and logistics. The infographic also describes strategies for revenue enhancement and the challenges that manufacturers must overcome to take advantage of this phenomenon.
For additional insights, please visit the IoT and Manufacturing sections of our website. For deeper insights, read our related Perspectives articles on IoT analytics and design-thinking.