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Lean Manufacturing and IoT News, July 20-24 | MachineMetrics

Christina Gay
July 27, 2015

Gaining Value from the Internet of Things (slideshow) 

embrace the IoT

Getting Kids Interested in Manufacturing Careers: "Many manufacturers participate in career days or one-off showcases for students, but there is a lack of sustainable programs that are mutually beneficial (and enjoyable) for both sides

How to Formulate your IoT Strategy: "By creating an IoT foundation, manufacturers have the opportunity to increase their real-time visibility into their own operations as well as into their customers' operations, the report says. From the analysis of that information, manufacturers can develop the insights they need to change how they generate revenue and profit, whether it's through more data-driven execution or new products and services."

By 2025, Internet of things applications could have $11 trillion impact: "To capture this value, however, businesses need to overcome three significant obstacles: They need to push technology vendors to provide connected, interoperable components and systems, with analytics; they must address security and privacy concerns; and most importantly, they must make organizational changes to maximize the operating and strategic benefits that IoT data can provide."

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