t cht lk
WHY MANUFACTURERS NEED AN IIOT STRATEGY
The Industrial Internet of Things ( IIoT ) serves to increase the value in manufacturing environments and reduce waste through the use of technology . Darren Sepanek , Head of Global Partner Marketing , Liferay , tells Intelligent CIO how organizations can prepare and implement an IIoT strategy that provides access to real-time data and analytics , and enables maximum business benefits .
As if manufacturers weren ’ t already concerned about evolving technologies and industry trends , COVID-19 has only added more pressure to find ways to protect the businesses from further disruptions and quickly changing circumstances , and to develop rapid response capabilities in order to make smart decisions as close to real-time as possible .
Enter the Industrial Internet of Things
In the latest iteration of the industrial revolution , or Industry 4.0 , the goal is to increase the value in manufacturing environments and reduce waste through the use of technology . A significant element of this , and new business imperative , is the need for manufacturers to collect integrated and reliable data to make informed decisions in real-time or the Industrial Internet of Things ( IIoT ). Those who choose to invest in the IIoT are doing so to achieve a competitive advantage , to control costs , increase production , and to analyze their data to address problems faster and to drive process improvement .
By employing an IIoT strategy , manufacturers can collect , analyze and present real-time data and analytics in easy-to-understand and highly customizable formats to make informed decisions about everything from maintenance to manufacturing efficiency to optimizing human interactions with machinery .
www . intelligentcio . com INTELLIGENTCIO NORTH AMERICA 75