It’s estimated that IoT applications in operations optimisation have the potential to create value of $1.2 to $3.7 trillion per year in the factory setting in 2025. Manufacturers and equipment builders are in a position to jointly create this value, thanks to new IoT technology advancements. Equipment builders now have a clear product-oriented value offering, in the […]
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When it comes to collecting data with industrial IoT within the world of manufacturing, it isn’t just about quantity. It’s also about the quality of the information that you are gathering from various machines; manufacturing data analytics that enables you to analyze it and make decisions now, and for the long term. What is Deep Data […]
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The Internet of Things (IoT) represents an undeniable business opportunity to OEMs developing industrial equipment and machinery. Just about every industry is digitizing, and industrial equipment is no different. While customers purchase equipment to perform a specific task, connecting the asset can help them make more money and improve efficiencies for the asset’s limited lifecycle. Forward-thinking […]
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By 2025, experts expect that the Industrial Internet of Things (IIoT) will provide a $4.6 trillion opportunity for the world’s industrial operations to upgrade and add value to the global economy. This reflects the trend toward digitization just about everywhere, thanks to technology advancements. For OEMs & machine builders, the digitization trend coincides with industry’s […]
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A recent Frost & Sullivan research shows that the major challenge currently facing the Industrial Internet of Things (IIoT) solution market is the inability of providers to offer one-stop- shop solutions. Original equipment manufacturers (OEMs), such as pump, motor and variable frequency drives (VFD) companies, want to leverage IIoT and bundle their products with IIoT […]
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