The manufacturing industry is constantly evolving and manufacturers need to stay up-to-date with the changing technology landscape to keep up with the pace of digital transformation happening around them.
Manufacturers today are looking for smarter ways to handle machine maintenance, manage their supply-chain logistics, and improve employee workflows to speed up their product delivery.
As such, the industrial internet of things (IIoT) has become a promising choice for manufacturers all around the globe because it helps manufacturing businesses streamline their asset management and make informed decisions.
IIoT in the manufacturing space is gaining traction because IIoT solutions such as Smart Factory Software help factories improve product quality, achieve better operational efficiency, and minimize wastage.
According to a research report from ITIF, manufacturing plants that use IoT applications are shown to increase their productivity by 10–25%.
The finding aligns closely with other discoveries about the growing popularity of IIoT in the manufacturing sector: 80% of organizations that have adopted IoT say that they have achieved “better-than-expected results” and 30% claim that IIoT has helped them better understand the health of their factories.