ALL >> General >> View Article
A Manufacturer’s Guide To Scaling Industrial Iot
Introduction
The Industrial Internet of Things, also known as IIoT, is an emerging technology field that can boost innovation, improve business processes, create new business models, and provide better customer experiences. The IIoT market is expected to cap USD 1.1 Tn by 2028 at a CAGR of 22.8%, demonstrating its growth potential. Therefore, manufacturers who would like to have a pie of this promising industry must look forward to integrating IoT in their organization to build products and provide services to take advantage of its potential.
However, despite having an ideal environment with significantly low running costs, better connectivity, and much-improved platform management, only a handful of manufacturers have successfully integrated IIoT to reap any organizational or financial benefits. Often organizational and technological challenges are to be blamed for this. This blog briefly discusses the challenges of IIoT, its usefulness in the manufacturing plants and explores how to scale IoT successfully.
Challenges of IIoT
According to the research done by McKinsey & Company, successful IIoT ...
... enablement at scale requires companies to focus on three areas.
Business
On the business side, the first step is to identify the use cases of IoT and then prioritize and pilot. Then comes the strategic plan to roll out the strategy across different business areas.
While implementing use cases, the business should consider its financial impact and ease of implementation. It should also take into account its replication across different plans. The McKinsey & Company suggests an overarching lighthouse use case that can be replicated and easily implemented across all the plants as an ideal place to start.
For furthur reading : https://www.toobler.com/blog/manufacturers-guide-to-scaling-industrial-iot
Toobler is a leading Cloud Native, IoT, Web, Mobile App Development Company based in India, Canada & UK delivering IT solutions for businesses around the world.
Add Comment
General Articles
1. Subkuz Hindi News Online PlatformAuthor: Subkuz
2. Exploring Lingerie Trends In Australia: What Brides Need To Know
Author: Jaime Murphy
3. Dental Care Abu Dhabi
Author: Aldana
4. How To Select The Best Food Delivery App Development Company For Lasting Success
Author: Elite_m_commerce
5. Caravan Booking In Delhi: A Guide To Renting Your Mobile Home For Adventure And Comfort
Author: CaravanHireinDelhiNCR
6. Video Box Pricing – Understanding The Value Of Video Plus Print
Author: videoplusprint
7. Unlock Your Digital Potential With Expert Web Development Services
Author: garvirediwal
8. Expressgiftbasketsusa – Premium Chocolate Gift Baskets Delivered Anywhere In The Usa!
Author: Sankar Roy
9. Electromechanical Companies In Uae On Tradersfind
Author: abdulkhan
10. Medical Translation Dubai: English, Arabic & More
Author: nooralhiba
11. Book Now Best Dubai Holiday Tour Package From India At Best Prices
Author: YATIKA
12. Leverage Web Scraping Service For Grocery Store Location Data
Author: iwebdatascraping
13. Wifi Connection In Tiruchendur | Sathya Fibernet
Author: Sathya Fibernet
14. Cit Exam: Certified Instructional Trainer Guide
Author: Komal
15. Community Solar Programs: How They Work And Their Benefits
Author: blogswalaindia