Is IoT living up to the hype? Yes, if you do your research.
The hype of Industry 4.0 is leading some businesses to believe that they need a massive technology overhaul which isn't always the case!
Industry Week said, "While manufacturers need to begin building the connected foundation to extract and leverage data, it doesn’t require a massive overhaul overnight. "
So, if you're interested in Industry 4.0, take a step back and see where your factory could really benefit. Sensors are a great place to start!
These older machines are prone to breaking down, and they account for up to $50 billion (annually) in downtime.2 Hype around Industrial IoT has many manufacturers believing that they must immediately invest in transformational technologies like machine learning, augmented reality, or artificial intelligence to gain any benefits around efficiency.By leveraging a cloud-based platform, many manufacturers are starting by focusing on Industrial IoT business drivers and then building on initial successes.Read More