Industrial IoT – How manufacturers will optimise performance and maximise opportunities

Optimise performance in manufacturing with industrial IoT.

Global manufacturing faces an increasing set of challenges in growth, innovation and competition. Globally, gross domestic product (GDP) was at US$30.69 trillion in 1995. By 2014, global GDP reached a new peak at US$78 trillion. As a percentage of global GDP, manufacturing dropped its share from 21.4% in 1995 to 14.7% in 2014. In real terms, manufacturing grew, and yet the rate of growth was substantially less than that of the global economy.

The author is Emil Berthelsen, principal
analyst at Machina Research

Industrial IoT (IIoT) has accelerated the pace of innovation and manufacturers are pushed to explore and implement new technologies in IoT while maintaining existing systems and architectures, creating tensions between operational technologies, information technology and IoT implementations. Differences between regions and markets do exist, and globalisation has presented greater competition between markets than ever before. Common to all manufacturers are the continuous needs to reduce costs, improve performance and deliver quality to customers. Combined growth, innovation and competition have the manufacturing industry looking to industrial IoT as a way forward, and as shared in this report, exciting and innovative IoT solutions are reinventing manufacturing.

Recent Articles

Schieler joins Fibocom joint venture company Rolling Wireless as CEO

Posted on: August 5, 2020

Fibocom, a global provider of IoT (Internet of Things) wireless solutions and wireless communication modules, reports that Dan Schieler has been appointed to the position of chief executive officer of Rolling Wireless Technology Co., Ltd. This is a joint venture company invested by Fibocom and three other professional investment institutions.

Read more

Google spends $450mn on ADT to integrate Nest-based home security

Posted on: August 4, 2020

Google’s Nest hardware is to be combined with ADT’s security, professional installation and monitoring service. The goal is to create a fully integrated set of devices, software and services for the secure smart home.

Read more